$3,475,000
$2M PRICE DROP

3533 6th Ave San Diego, CA 92103

Hillcrest Neighborhood

Estimated payment $19,750/month

Total Views 3,204
3 Beds
3 Baths
4,952 Sq Ft
$702 Price per Sq Ft

About This Home

CBRE is pleased to present Balboa Flats, a well-maintained 10-unit multifamily property located at 3533 6th Avenue in the heart of San Diego’s prime Hillcrest neighborhood, at the edge of Bankers Hill and just one block from historic Balboa Park. Built in 1952, the asset offers an exceptional combination of location, stability, and value-add potential in one of the city’s most desirable rental corridors. Eight of ten units have been substantially improved with vinyl plank flooring, new countertops, stainless steel appliances, newer cabinetry and hardware, custom backsplash, and upgraded bathrooms. A TPO roof was completely replaced in 2012 with a 20-year warranty, and all systems are in good working condition.

Listing Agent

Conor Brennan

Marcus & Millichap License #01918598 Listed on: 10/29/2025

Property Details

Home Type

  • Multi-Family

Home Design

Interior Spaces

  • 3 Bedrooms
  • 4,952 Sq Ft Home
  • 2-Story Property

Community Details

  • 10 Units
  • Operating Expense $87,914

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 4.09
  • Co List Office Mls Id: 993674
  • Living Area: 4952.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-12-31T18:22:25Z
  • FullAddress: 3533 6th Avenue
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 3

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 10
  • Annual Operating Expense: 87914.0
  • Total Actual Rent: 228060.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,455 $1,693,397 $901,429 $791,968
2024 $20,455 $1,660,194 $883,754 $776,440
2023 $20,001 $1,627,642 $866,426 $761,216
2022 $19,468 $1,595,729 $849,438 $746,291
2021 $19,335 $1,564,441 $832,783 $731,658
2020 $19,101 $1,548,400 $824,244 $724,156
2019 $18,760 $1,518,040 $808,083 $709,957
2018 $17,538 $1,488,276 $792,239 $696,037
2017 $17,119 $1,459,095 $776,705 $682,390
2016 $16,843 $1,430,486 $761,476 $669,010
2015 $16,594 $1,408,999 $750,038 $658,961
2014 $16,335 $1,381,399 $735,346 $646,053
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2025 12/31/25 For Sale $3,475,000 0.0% $702 / Sq Ft
12/16/2025 12/16/25 Off Market $3,475,000 -- --
12/09/2025 12/09/25 Price Changed $3,475,000 -36.5% $702 / Sq Ft
10/29/2025 10/29/25 For Sale $5,475,000 -- $1,106 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250045419

San Diego MLS

APN: 452-430-07-00

California San Diego County San Diego 92103 Hillcrest

3533 6th Ave, San Diego, CA

For Sale

MultiFamily

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Conor Brennan
Listing Agent
Conor Brennan
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Marcus & Millichap
(858) 373-3213