$2,275,000
SOLD OCT 16, 2025
5 Beds
5 Baths
2,555 Sq Ft
1915 Built

Recently Sold

$890 Per Sq Ft

5% Below List Price

138 Days on Market

Highlights

  • City View
  • Fireplace
  • Wood Siding
  • Corner Lot
  • Partially Fenced Property

About This Home

As of October 2025

Unlock exceptional earning potential with this extensively renovated multi-unit asset in the heart of Hillcrest, one of San Diego’s most walkable and high-demand rental market. This standout property features three beautifully updated units including a brand-new, fully permitted ADU with its own single-car garage and private parking. Each unit has been thoughtfully redesigned with high-end finishes including luxury vinyl plank floors, quartz countertops, designer tile, and spa-style bathrooms. All major systems are upgraded (HVAC, electrical, plumbing, roof), making it completely turnkey. With a strong short-term rental history and incredible income potential, this is the perfect opportunity to live in one unit and rent the rest, or operate a top-performing Airbnb portfolio. Just steps from Whole Foods, Balboa Park, cafes, restaurants, and nightlife—this is luxury, location, and cash flow all in one.

Last Agent to Sell the Property

David Weis

Compass License #02196688 Listed on: 05/01/2025

Compass

Co-Listed By

OUT OF AREA OUT

OUT OF AREA - NON MEMBER License #09999915

Last Buyer's Agent

Josh Higgins

Compass License #01459409

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • Partially Fenced Property
  • Corner Lot

Home Design

  • Wood Siding

Interior Spaces

  • 5 Bedrooms
  • 2,555 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • City Views

Utilities

  • Cooling System Mounted To A Wall/Window
  • Gravity Heating System

Community Details

  • 3 Units
  • Hillcrest Subdivision

Listing and Financial Details

  • Tenant pays for other/remarks

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1915
  • Unit Levels: 2 Story
  • Property Sub Type: Res Income 2-4 Units
  • Security Features: Other/Remarks
  • Co List Office Mls Id: BMLS-362412903
  • Co List Office Mls Id: 8676
  • Subdivision Name: HILLCREST
  • Directions: Exit I-163 South on University Ave/6th Ave, turn right on University Ave, left on Third Ave, Property will be on the right
  • BuildingName: N/A
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-10-16T22:56:34Z
  • AgeRestrictions: N/K
  • FullAddress: 3700 Third Ave
  • ShortSale: No
  • Site: Corner Lot, Sidewalks
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Total Bedrooms: 5

Exterior Features

  • Fencing: Partial
  • Roof: Other/Remarks
  • View: City
  • Construction Type: Wood

Utilities

  • Cooling: Wall/Window
  • Heating: Fireplace, Wall/Gravity
  • Utilities: Sewer Connected

Rental Info

  • Tenant Pays: Other/Remarks

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 3

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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 List to Sale Price per Sq Ft
10/16/2025 10/16/25 Sold $2,275,000 -5.2% $890 / Sq Ft
09/16/2025 09/16/25 Pending -- -- --
05/01/2025 05/01/25 For Sale $2,400,000 -- $939 / Sq Ft
Source: San Diego MLS

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 $15,067 $1,248,480 $1,092,420 $156,060
2024 $15,067 $1,224,000 $1,071,000 $153,000
2023 $14,735 $1,200,000 $1,050,000 $150,000
2022 $6,978 $577,935 $348,076 $229,859
2021 $6,929 $566,603 $341,251 $225,352
2020 $6,844 $560,794 $337,752 $223,042
2019 $6,721 $549,799 $331,130 $218,669
2018 $6,282 $539,020 $324,638 $214,382
2017 $6,131 $528,452 $318,273 $210,179
2016 $6,032 $518,091 $312,033 $206,058
2015 $5,942 $510,309 $307,346 $202,963
2014 $5,847 $500,314 $301,326 $198,988
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 250026184

San Diego MLS