Rarely available 2.6 acre infill site in the heart of University Heights fully occupied and income producing with major development potential. Located at 2436 Adams Ave, this oversized parcel sits along one of San Diegos most walkable, amenity rich corridors, making it an ideal candidate for townhome or multifamily development. The property is currently improved with a remodeled 4 unit configuration: a detached 4BD/4BA home and a three unit, two story building of 2BD/2BA units generating $15,900/month in rental income. All units are updated and leased, providing immediate cash flow during entitlement or planning. Plans for 16 two story townhomes have already been submitted to the City, saving valuable time in the development process. RM 2 5 zoning under the Complete Communities Overlay increases FAR, density, and reduces parking constraints. Additional land zoned RM 1 1 provides flexibility for future concepts. Developers and investors may purchase this property on its own or combine it with adjacent Arizona Street parcels (also available) to create a 3.14 acre multi phase project totaling 41 proposed units. This is a rare opportunity to control scale, collect income, and unlock long term value in one of San Diegos most sought after urban neighborhoods.