Presenting 3852 3rd Avenue located in the highly sought-after Hillcrest submarket of San Diego. Originally built in 1968 and extensively renovated in recent years, the 7-unit complex is situated along the vibrant 3rd Avenue corridor boasting a Walk Score of 97. The property totals approximately 6,178 SF and rests on… Read More a 5,317 SF lot. The unit mix consists of (2) 2-Bdrm/2-Bath units, (4) 2-Bdrm/1-Bath Units and (1) street level retail space. Current ownership has extensively upgraded the property inside and out. The exterior of the property features new paint, dual pane vinyl windows and a new gated entry with security system. The building was fully replumbed in 2025 and sewer mainline is ABS significantly increasing the building’s longevity and reducing operating costs. All (6) apartment units have undergone extensive interior renovations in recent years including: LVP flooring, upgraded cabinets, granite counter tops, new appliances and modernized bathrooms. (4) units feature new mini-split A/C systems and (2) units have also been updated with in-unit stackable washer/dryers. All units are also equipped with A/C systems (mini-split and wall mounted units) and (2) units have also been updated with in-unit stackable W/D. Tenants also utilize (7) off-street parking spaces and (1) single car garage. Current ownership has obtained approved plans and permits with all permit fees paid to convert the garage into (1) studio ADU and carport to (1) 1-Bdrm/1-Bath ADU allowing an investor to significantly increase cash flow. Read Less
Courtesy of Marcus & Millichap, , Ben Sierpina.
Listing Snapshot
Days Online
83
Last Updated
Property Type
Com-Res Income
Beds
4
Square Ft.
6,178
MLS Number
260002548
Additional Details
Building
Built in 0, Building area total: 6178, 1 number of building, 2 stories, Living area: 6178, Living area units: Sqft, Building area units: Sqft, 7 total units
Expenses
Operating expense: $85,497
Income
Gross scheduled income: $230,100
Lot
Size units: Acres
Parking
Total: 7
Property
Property subtype: Com-Res Income, Property type: Residential Income
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Source: San Diego MLS
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