We are pleased to present “First Avenue Lofts,” a fully entitled and RTI (ready to issue) 56-unit multifamily development opportunity located at 3830 First Avenue, San Diego, CA. Once completed, First Avenue Lofts will feature sixteen (16) studio units averaging 380 square feet and forty (40) one-bedroom/one-bathroom units ranging from… Read More 570 to 715 square feet. The eight-story building will total 37,975 square feet, including 32,215 net rentable square feet. Each residence will be outfitted with modern, high-end finishes such as 9-foot ceilings, quartz countertops, full kitchen appliance packages, HVAC, built-in shelving, and custom cabinetry. Positioned in the heart of Hillcrest, one of San Diego’s most desirable rental neighborhoods, the property offers exceptional visibility and premier walkability. With a Walk Score of 97, Walkscore.com designates the area a “Walker’s Paradise.” Just under a mile from Balboa Park, residents will have access to an array of recreational amenities including tennis courts, a public pool, baseball fields, an archery range, hiking trails, a dog park, disc golf course, playgrounds, and a dedicated bicycle speed track. The property also provides immediate pedestrian access to the popular dining and entertainment venues along University Avenue and Robinson Avenue. Strategically located near CA-163 and Interstate 5, First Avenue Lofts offers direct connectivity to San Diego’s primary employment hubs such as Downtown, Mission Valley, and Kearny Mesa. This development represents a rare opportunity to acquire a shovel-ready project in Hillcrest. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
MLS Number
250037588SD
30 Days Snapshot Of 92103
$1.48M
0%
(avg) sold price
21
-27%
homes sold
81
+6%
(avg) days on market
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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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