$2,825,000

3420-30 Wilshire Terrace San Diego, CA 92104

North Park Neighborhood

Estimated payment $18,218/month

Total Views 739
8 Beds
6 Baths
3,350 Sq Ft
$843 Price per Sq Ft

Highlights

  • RV Garage
  • Partially Fenced Property
  • Wood Siding
  • Jefferson Elementary Rated A-

About This Home

A+ Hillcrest / North Park Investment Opportunity! 4 Existing 2BR units with garages. 7 PERMIT READY UNITS. Owner has spent approx. $300k with architects, engineers & the city to deliver permit ready development. Located on a spacious 9,400+ SF lot with dual access from Georgia Street (92103) and Wilshire Terrace (92104). The existing 4 units are oversized 2-bedroom units—each featuring large private patios, in-unit washer/dryers, and value-add potential. The site is located in highly desirable North Park / Hillcrest with sweeping views, just one block from Balboa Park. Near trendy restaurants, bars, and brand-new high-end condos, this is a rare chance to invest in one of San Diego’s most vibrant and walkable neighborhoods, with strong rental demand and long-term upside.

Listing Agent

Corey McHenry

David Santistevan License #01800485 Listed on: 08/21/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1994

Parking

  • RV Garage

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Assessor Parcel Number 453-342-16-00

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • Net Operating Income $89,268

Property Details

Home Type

Multi-Family

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Wilshire Terrace & Myrtle
  • Neighborhood: North Park / Hillcres
  • LP / Sq Ft: 24.94
  • Stories: 2 Story
  • Total Stories: 2
  • Year Built: 1994
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco, Wood
  • Fencing: Partial
  • Roof: Composition

Garage/Parking

  • Parking for RV: Garage

Condo/Co-op/Association

  • Community: NORTH PARK

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Zoning: RM-3-7
  • Assessor Parcel Number: 453-342-16-00

Rental Info

  • Tenant Pays: Sewer, Water, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 89268
  • Annual Expense Actual: 45698
  • Annual Expense Projected: 45698
  • Gross Rent Multiplier Actual: 20.3
  • Gross Rent Multiplier Projected: 17.06
  • Gross Sched Income Actual: 139140
  • Gross Sched Income Projected: 165600
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Dryers: 4
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Number Of Units With Washers: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 For Sale $2,825,000 -- $843 / Sq Ft
Source: San Diego MLS

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Source: San Diego MLS

MLS Number: 250036926

San Diego MLS