3 incomes built into one property! Fully renovated & permitted garage conversion (ADU) Discover an extraordinary investment opportunity at 916 Madera St, where three income-generating units converge into one unique property, all for under $1 million. This thoughtfully designed asset offers the potential for over $6,000 in monthly income, positioning it as an exceptional choice for both owner-occupants and savvy investors. With options to live in one unit while renting out the others, or lease all three for maximum cash flow, flexibility is at your fingertips. The property features a recent garage conversion, pending final city approval, enhancing its attractiveness in a low vacancy area. Spanning a generous .19-acre lot, this residence not only provides a home but also allows you to offset your mortgage with additional rental income. Why pay homeowner association fees when you can enjoy the benefits of being both a homeowner and a landlord? Seize this unique opportunity to elevate your financial future; properties like this are rare and will not remain on the market for long.
AGENT: Andrew Santiago LISTING BROKERAGE: Real Broker
Courtesy of Real Broker. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 916 Madera ST
San Diego, CA
Property Details
Price:
$949,900
MLS #:
PTP2602772
Status:
Active
Beds:
3
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
92114encanto
Listed Date:
Apr 16, 2026
Finished Sq Ft:
1,586
Lot Size:
8,276 sqft / 0.19 acres (approx)
Year Built:
1935
92114 – Encanto92114encantoSan Diego UnifiedNeighborhood
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Schools
School District:
San Diego Unified
Interior
Bathrooms
3 Full Bathrooms
Cooling
SEE, WW, ZN
Laundry Features
ELC, GAS
Levels
A
Exterior
Common Walls
_1CW
Community Features
SDW, STM, SL, SUB, CRB, FHL, CW, PARK, BIKI, DGP
Parking Spots
2
Parking Total
2
View
HI, SEE, NE
Financial
Map
Community
- Address916 Madera ST San Diego CA
- CitySan Diego
- CountySan Diego
- Zip Code92114
