Offered for the first time in over 25 years, this eight-unit multifamily asset delivers a rare combination of immediate value-add upside and long-term development potential in one of San Diego's most coveted rental submarkets. The diversified unit mix — (3) 2BD/1BA, (1) 3BD/1BA, (2) Studios, and (2) 1BD/1BA — provides… Read More a resilient, diversified income stream with rents sitting meaningfully below market. Four rear garages present a compelling ADU conversion opportunity, with the potential to add up to four additional income-producing units and materially increase the property's long-term value. A generational family hold coming to market for the first time, 3602–08 Indiana represents exactly the kind of repositioning play that rarely surfaces in this zip code. Hillcrest is San Diego's most dynamic and irreplaceable urban village, consistently registering among the lowest vacancy rates in the county. Anchored by proximity to UCSD Health and Sharp Memorial Hospital, and flanked by the cultural draw of Balboa Park, the neighborhood attracts a deep and loyal renter base of healthcare professionals, young creatives, and long-term residents who choose Hillcrest for its walkability, energy, and unmatched quality of life. University Avenue and Fifth Avenue deliver some of the city's best independent dining, retail, and nightlife steps from the front door — making this a location that practically leases itself. Read Less
Courtesy of The Mendes Company, , Anthony J Mendes.
Listing Snapshot
Days Online
1
Last Updated
Property Type
Com-Res Income
Beds
11
Full Baths
8
Square Ft.
4,846
MLS Number
260012514
Additional Details
Building
Built in 0, Building area total: 4846, 2 number of buildings, 2 stories, Living area: 4846, Living area units: Sqft, Building area units: Sqft, 8 total units, "Fully Landscaped", "Wood Deck", "2 Story", "Apartment"
Community
"None"
Cooling
"None"
Expenses
Operating expense: $76,960
Floors
"Slab", "Wood"
Heating
"Floor Furnace", "Wall"
Income
Gross scheduled income: $203,460
Laundry
"Leased"
Lot
Size units: Acres
Parking
"Garages"
Property
Property subtype: Com-Res Income, Property type: Residential Income
Roof
"Tile"
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Source: San Diego MLS
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