NOT LISTED FOR SALE

4042 1st Ave San Diego, CA 92103

Hillcrest Neighborhood

Estimated Value: $1,490,000 - $1,618,000

0.12 Acre
$12,975,050 Price per Acre
5,189 Sq Ft Lot

Last Sold July 11, 2024

Last sale price $1,560,000 $1,382 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $9,733/month

24 Days on Market

About This Lot

As of July 2024

Outstanding multifamily development opportunity in Hillcrest (92103), one of central San Diego's strongest housing markets. The site has cleared Historical Review and is Complete Communities Tier 2 with an FAR of 8. The base zoning is RM-3-9 (600 SF/DU). There is currently a single family home on site rented for $3000 per month. Building Plans available upon request. Hillcrest is central San Diego’s premier residential neighborhood offering a vibrant urban lifestyle while still maintaining a sense of tranquility. The area is thriving with new construction along with renovation of existing buildings, offering a unique blend of historic charm and contemporary urban living. Residents are walking distance to top ranked restaurants, parks, trendy cafes, eclectic shops, farmers markets, schools, and entertainment. The community boarders Balboa Park, the City of San Diego’s preeminent recreational destination. Hillcrest also feature numerous convenient thoroughfares, allowing easy access to Downtown and Mission Valley, along with Hwy 163, I-5, and I-8. As a result, Hillcrest has become a magnet for young professionals, families, and high net worth individuals, making it ideal for real estate investment and development.

Last Agent to Sell the Property

Philip Buckley

CBRE License #01209801 Listed on: 05/08/2024

Last Buyer's Agent

Santiago Orvananos

Casas Advisors License #01736139

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,836

Lot Details

  • 5,189 Sq Ft Lot
  • Property is Fully Fenced
  • Level Lot
  • Sprinklers on Timer
  • Property is zoned RM-3-9

Utilities

  • Underground Utilities
  • Gas Available
  • Separate Water Meter
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 444-492-25-00

Property Details

Property Type

Land

Est. Annual Taxes

$15,836

Lot Details

0

Listing Details

  • Class: Lot/Land
  • Type: Lots/Land
  • Market Area: Metro Uptown
  • Neighborhood: Hillcrest
  • Cross Street: Washington
  • Sale Price List Price: 0.95
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fencing: Full

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Available, Meter On Property
  • Utilities Available: Above Ground, Below Ground, Cable Tv, Electric, Natural Gas, Telephone
  • Utilities To Site: Above Ground, Below Ground, Cable Tv, Electric, Gas, Telephone

Condo/Co-op/Association

  • Community: Hillcrest

Lot Info

  • Irrigation: Automatic, Manual
  • Lot Size: 4,000-7,499 Sf
  • Topography: Level
  • Water District: City Of San Diego
  • Zoning: RM-3-9
  • Additional Property Use: With Structures
  • Estimated Lot Sq Ft: 5189
  • Assessor Parcel Number: 444-492-25-00
  • Current Use: Residential

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 8, 2024
Closed on
Jun 25, 2024
Sold by
1St Avenue Apartments San Diego Lp
Bought by
Orvananos Fernando
Seller's Agent
Philip Buckley
CBRE
Buyer's Agent
Santiago Orvananos
Casas Advisors
List Price
$1,650,000
Sold Price
$1,560,000
Premium/Discount to List
-$90,000
-5.45%
Views
8
Current Estimated Value
$1,544,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,969
Avg. Annual Appreciation
-1.46%
Original Mortgage
$1,092,000
Outstanding Balance
$1,080,017
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$454,558

Purchase Details

Listed on
May 8, 2024
Closed on
Jun 17, 2024
Sold by
Orvananos Laura
Bought by
Orvananos Fernando
Seller's Agent
Philip Buckley
CBRE
Buyer's Agent
Santiago Orvananos
Casas Advisors
List Price
$1,650,000
Sold Price
$1,560,000
Premium/Discount to List
-$90,000
-5.45%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,092,000
Outstanding Balance
$1,080,017
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$454,558

Purchase Details

Closed on
May 10, 2019
Sold by
Dickinson Robert J and Dickinson Christine Louise
Bought by
1St Avenue Apartments San Diego Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Interest Rate
3.82%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 23, 2011
Sold by
Dickinson Marian J and Dickinson Walter J
Bought by
Dickinson Walter J and Dickinson Marian J
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Orvananos Fernando $1,560,000 Chicago Title
Orvananos Fernando -- Chicago Title
1St Avenue Apartments San Diego Lp $1,200,000 First American Title Company
Dickinson Robert J -- First American Title Company
Dickinson Walter J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orvananos Fernando $1,092,000
Previous Owner 1St Avenue Apartments San Diego Lp $720,000
Previous Owner Dickinson Marian J $32,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2024 07/11/24 Sold $1,560,000 -5.5% $1,382 / Sq Ft
06/02/2024 06/02/24 Pending -- -- --
05/08/2024 05/08/24 For Sale $1,650,000 -- $1,461 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

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 $15,836 $1,560,000 $1,400,000 $160,000
2024 $15,836 $1,286,639 $1,179,420 $107,219
2023 $15,487 $1,261,412 $1,156,295 $105,117
2022 $15,075 $1,236,679 $1,133,623 $103,056
2021 $14,972 $1,212,432 $1,111,396 $101,036
2020 $14,791 $1,200,000 $1,100,000 $100,000
2019 $790 $61,463 $46,165 $15,298
2018 $740 $60,259 $45,260 $14,999
2017 $723 $59,078 $44,373 $14,705
2016 $710 $57,920 $43,503 $14,417
2015 $700 $57,051 $42,850 $14,201
2014 $690 $55,934 $42,011 $13,923
Source: Public Records

Agents Affiliated with this Home

  • Philip Buckley

    Seller's Agent in 2024

    Philip Buckley

    CBRE

    (760) 822-9861

    4 in this area

    17 Total Sales

    Philip Buckley
    Section Image

  • S

    Buyer's Agent in 2024

    Santiago Orvananos

    Casas Advisors

See All Agents

Map

Source: San Diego MLS

MLS Number: 240010068

San Diego MLS

APN: 444-492-25

California San Diego County San Diego 92103 Hillcrest

4042 1st Ave, San Diego, CA

This home is located at 4042 1st Ave, San Diego, CA 92103 since 08 May 2024 and is currently estimated at $1,544,031, approximately $1,367 per square foot. 4042 1st Ave is a home located in San Diego County with nearby schools including Florence Elementary School, Roosevelt International Middle School, and Museum School.

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