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. Read Less
Courtesy of Marcus & Millichap, 818-212-2250, Aaron Bove.
Listing Snapshot
Days Online
30
Last Updated
Property Type
Com-Res Income
Square Ft.
3,650
MLS Number
250037146
Additional Details
Building
Built in 0, Building area total: 3650, 2 number of buildings, 2 stories, Living area: 3650, Living area units: Sqft, Building area units: Sqft, 5 total units
Community
"Other/Remarks"
Expenses
Operating expense: $43,682
Income
Gross scheduled income: $130,860
Lot
Size units: Acres
Property
Property subtype: Com-Res Income, Property type: Residential Income
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Source: San Diego MLS
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