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$ 2,100,000
Est. payment /mo
Active
3967 8th Ave San Diego, CA 92103
UPDATED:
01/14/2025 12:49 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250000492SD
HOA Y/N No
Property Description
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 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.
Location
State CA
County San Diego
Area 92103 - Mission Hills
Interior
Fireplace No
Others
Tax ID 4446900500
Listed by Aaron Bove • Marcus & Millichap