$2,295,000
$200K PRICE DROP

Estimated payment $13,277/month

Total Views 8,332
6 Beds
6 Baths
6,510 Sq Ft
$353 Price per Sq Ft

About This Home

Pleased to present the pricing and analysis for 3670 Altadena Avenue, a 10-unit multifamily property located in the heart of Chollas Creek, one of San Diego’s centrally located and steadily evolving rental submarkets. The property features a unit mix of ten (10) large one-bedroom/one-bathroom units averaging approximately 650 square feet, with floorplans that offer potential for reconfiguration into two-bedroom units. Built in 1976, the property offers practical layouts that appeal to singles, couples, and long-term tenants. All roofs have been fully replaced within the last three years. Additionally, Altadena Avenue is in a designated Opportunity Zone, allowing buyers to potentially benefit from significant federal tax incentives, including deferral and reduction of capital gains taxes. This makes the property an attractive investment for those seeking both long-term growth and tax advantages. With the area’s growing population and increasing demand for well-located, affordable rental housing, 3670 Altadena Avenue presents an excellent opportunity for investors seeking a value-add asset with solid fundamentals in a dynamic and accessible submarket of San Diego County.

Listing Agent

Michael Greiner

CBRE License #01844828 Listed on: 12/05/2025

Property Details

Home Type

  • Multi-Family

Parking

  • 14 Parking Spaces

Home Design

Interior Spaces

  • 6 Bedrooms
  • 6,510 Sq Ft Home
  • 2-Story Property

Community Details

Overview

  • 10 Units

Building Details

  • 10 Leased Units
  • Operating Expense $73,979

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 4.41
  • Co List Office Mls Id: 4473
  • Living Area: 6510.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-03-20T21:36:33Z
  • FullAddress: 3670 Altadena Ave
  • NumofLeasedApartments: 10
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 6

Garage/Parking

  • Total Parking Spaces: 14.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 10
  • Annual Operating Expense: 73979.0
  • Total Actual Rent: 15210.0

Map

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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 $13,319 $1,100,670 $434,474 $666,196
2024 $13,319 $1,079,089 $425,955 $653,134
2023 $13,022 $1,057,931 $417,603 $640,328
2022 $12,674 $1,037,188 $409,415 $627,773
2021 $12,588 $1,016,852 $401,388 $615,464
2020 $12,435 $1,006,427 $397,273 $609,154
2019 $12,214 $986,694 $389,484 $597,210
2018 $11,419 $967,348 $381,848 $585,500
2017 $83 $948,381 $374,361 $574,020
2016 $10,613 $900,000 $375,000 $525,000
2015 $10,029 $850,000 $355,000 $495,000
2014 $9,480 $800,000 $335,000 $465,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2026 03/20/26 Price Changed $2,295,000 -8.0% $353 / Sq Ft
12/05/2025 12/05/25 For Sale $2,495,000 -- $383 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 2601141

San Diego MLS

APN: 471-810-27-00

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