Located in the heart of San Diego’s vibrant Hillcrest neighborhood, the property at 3967-69 8th Avenue, San Diego, California, offers an exciting opportunity for investors seeking a five-unit multifamily property. Constructed in 1931, this building combines historical charm with significant potential for modernization or value-add improvements. The property sits on… Read More a 0.10-acre lot, with a total of 3,650 square feet of building space, delivering an average of approximately 730 square feet per unit. The property is in average condition, reflecting a mix of its original 1930s design and more recent updates. While functional and fully operational, there may be opportunities to enhance the property with modern finishes, updated appliances, or efficiency improvements to align with tenant expectations in this high-demand rental market. This makes the property appealing to value-driven investors who recognize the potential for increasing rents through thoughtful upgrades. Hillcrest is renowned for its walkability, eclectic dining scene, and proximity to Downtown San Diego, Balboa Park, and major employment hubs. The small lot size of 0.10 acres is typical for this dense urban setting, but it offers ample potential for maximizing income through creative utilization of the existing space. Whether targeting long-term tenants or shorter-term rental opportunities, the property’s central location and the enduring appeal of Hillcrest position it as a promising investment. Read Less
Listing Snapshot
Days Online
14
Last Updated
Property Type
Mixed Use
MLS Number
250000492SD
30 Days Snapshot Of 92103
$1,257k
0%
(avg) sold price
0
-100%
homes sold
96
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
2 buildings
Expenses
Operating expense: $43,682
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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