3700 Third Ave San Diego, CA 92103
Hillcrest NeighborhoodEstimated payment $14,396/month
Total Views
1,359,637
5
Beds
5
Baths
2,555
Sq Ft
$939
Price per Sq Ft
Highlights
- City View
- Fireplace
- Wood Siding
- Corner Lot
- Partially Fenced Property
About This Home
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.
Open House Schedule
-
Thursday, August 14, 20252:00 to 3:00 pm8/14/2025 2:00:00 PM +00:008/14/2025 3:00:00 PM +00:00Add to Calendar
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $15,067
Year Built
- Built in 1915
Lot Details
- Partially Fenced Property
- Corner Lot
Home Design
- Wood Siding
Interior Spaces
- 2-Story Property
- Fireplace
- City Views
Utilities
- Cooling System Mounted To A Wall/Window
- Gravity Heating System
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 452-063-09-00
Map
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Home Values in the Area
Average Home Value in this Area
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
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2025 05/01/25 | For Sale | $2,400,000 | 0.0% | $939 / Sq Ft |
| 02/10/2025 02/10/25 | Off Market | -- | -- | -- |
| 02/10/2025 02/10/25 | Off Market | -- | -- | -- |
| 02/10/2025 02/10/25 | Off Market | -- | -- | -- |
| 01/21/2025 01/21/25 | For Rent | -- | -- | -- |
| 01/21/2025 01/21/25 | For Rent | -- | -- | -- |
| 01/21/2025 01/21/25 | For Rent | -- | -- | -- |
Source: San Diego MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,200,000 | Chicago Title | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,600,000 | New Conventional | |
| Closed | $400,000 | New Conventional | |
| Closed | $600,000 | New Conventional | |
| Closed | $1,080,000 | New Conventional | |
| Previous Owner | $870,000 | Reverse Mortgage Home Equity Conversion Mortgage |
Source: Public Records
About the Listing Agent
In addition to being a Realtor, representing a variety of property and clients, David is an accomplished investor with expertise in investment properties and property management. He owns properties in San Diego, Big Bear Lake, and Palm Springs. Alongside his husband, he has flipped multiple homes, demonstrating a keen eye for real estate investments, and restored a successful mid-century modern hotel in Palm Springs, complete with a bar and restaurant.
With a background in banking,
David's Other Listings
Source: San Diego MLS
MLS Number: 250026184
APN: 452-063-09
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