3947-59 Third Ave San Diego, CA 92103
Hillcrest NeighborhoodEstimated payment $24,530/month
About This Home
3947–59 3rd Avenue is a 12-unit multifamily investment opportunity located in the highly desirable Hillcrest neighborhood of San Diego, California.? Originally constructed in 1950, the property offers classic architectural character in one of the city's most walkable and supply-constrained rental submarkets.? The 6,484 sqft property consists of (12) one-bedroom / one-bathroom units, catering to a broad tenant base and providing a straightforward, efficient layout attractive to renters.? On a 10,497 sqft lot, it is located in Complete Communities Tier 2 with an 8.0 FAR.? Situated one parcel south of Washington St and along the prominent 3rd Avenue corridor, the asset benefits from immediate proximity to Hillcrest's vibrant retail, dining, and entertainment amenities, while offering convenient access to Downtown San Diego and major employment centers.? 3947–59 3rd Avenue presents investors with the opportunity to capitalize on strong in-place rental demand with additional upside through renovations and potential high density development.?
Property Details
Home Type
- Multi-Family
Parking
- 4 Parking Spaces
Home Design
Interior Spaces
- 12 Bedrooms
- 6,484 Sq Ft Home
- 2-Story Property
Community Details
Overview
- 3 Buildings
- 12 Units
Building Details
- 12 Leased Units
- Operating Expense $88,727
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/13/2026 05/13/26 | For Sale | $3,870,000 | -- | $597 / Sq Ft |
Source: San Diego MLS
MLS Number: 260011651
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