About 916 Madera Street
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.
Features of 916 Madera Street
| MLS® # | PTP2602772 |
|---|---|
| Price | $900,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 1,586 |
| Acres | 0.19 |
| Year Built | 1935 |
| Type | Residential |
| Sub-Type | All Other Attached |
| Status | Closed |
Community Information
| Address | 916 Madera Street |
|---|---|
| Area | ENCANTO (92114) |
| Subdivision | Encanto Heights |
| County | San Diego |
| State | CA |
| Zip Code | 92114 |
Amenities
| Parking Spaces | 2 |
|---|---|
| View | Mountains/Hills,Other/Remarks,Neighborhood |
| Is Waterfront | No |
| Has Pool | No |
| Pool | N/K |
Interior
| Cooling | Other/Remarks,Wall/Window,Zoned Area(s) |
|---|---|
| Fireplace | No |
| Fireplaces | N/K |
| # of Stories | 1 |
| Stories | 1 Story |
Exterior
| Lot Description | Corner Lot,Curbs,Landscaped,Sidewalks |
|---|
School Information
| District | San Diego Unified School Distric |
|---|
Additional Information
| Date Listed | April 16th, 2026 |
|---|---|
| Days on Market | 38 |
| Zoning | R-1:SINGLE |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Real Broker |
|---|