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Prime Hillcrest 6-Units 3750-3756 4th Ave

6 Unit Block of Flats £2,558,790 (£426,465/Unit) 4.26% Net Initial Yield San Diego, CA 92103

Investment Highlights

  • Rare Hillcrest Location - Walk Score of 97, Just South of Transit, Shops and Bars Along University Ave
  • Large Floor Plans: 2Bdrms are 1,397sf and the Studios are 476sf
  • Well-Maintained Asset, Close Proximity to Mission Hills, Little Italy and Balboa Park
  • Fantastic Unit Mix: (3) 2Bdrm/1.5Bath, (1) 2Bdrm/2Bath & (2) 0Bdrm/1Bath
  • 4 of 6 Units Have In-Unit Laundry, (3) Single-Car Garages

Executive Summary

6-Unit multifamily property located in one of San Diego’s most desirable and best performing submarkets. This property boasts extremely large floor plans, this fantastic unit mix consists of three (3) 2Bdrm/1.5Bath with in-unit laundry, one (1) 2Bdrm/2Bath with in-unit laundry (approx 1,400sf) and two (2) Studios (approx 500sf) along with three (3) single-car garages.
With a Walk Score of 97, this asset is a just short walk to transit, cafes, restaurants and shops. This is perfect opportunity for an investor looking for a well-maintained property, with large units and a low price/sf in one of San Diego best neighborhoods.

Property Facts

Price £2,558,790
Price Per Unit £426,465
Sale Type Investment
Net Initial Yield 4.26%
Gross Rent Multiplier 14.81
No. Units 6
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.16 AC
Building Size 6,784 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1924/2000
Parking Ratio 0.59/1,000 SF

Unit Amenities

  • Disposal
  • Washer/Dryer
  • Ceiling Fans
  • Walk-In Closets
  • Built-In Bookshelves
  • Window Coverings

Site Amenities

  • Fenced Lot
  • Picnic Area
  • Gated
  • Cabana
  • Gas Range
  • Smoke Free
  • Rubbish Collection - Kerbside
  • Vintage Building
  • Walking/Biking Trails
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
Studios 2 £1,495 474
2+1.5 3 £2,736 1,366 - 1,428
2+2 1 £3,224 1,366 - 1,428
Walk Score ®
Walker's Paradise (97)
Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
452-063-31
Land Assessment
£291,390
Improvements Assessment
£582,789
Total Assessment
£874,179

zoning

Zoning Code CC-3-8
CC-3-8
  • Listing ID: 33464434

  • Date on Market: 09/10/2024

  • Last Updated:

  • Address: 3750-3756 4th Ave, San Diego, CA 92103

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