$2,100,000

4209 15 3rd Ave San Diego, CA 92103

Hillcrest Neighborhood

Estimated payment $13,731/month

Total Views 4,037
8 Beds
4 Baths
2,900 Sq Ft
$724 Price per Sq Ft

Highlights

  • No HOA
  • Level Lot
  • No Heating
  • Laundry Room

About This Home

Rare multi-unit investment opportunity in an unbeatable location! True owner occupant opportunity. This property is ideal for owner-occupancy and an excellent investment for someone looking to live in a central neighborhood in San Diego. For the first time in generations, this exceptional 4-unit property is available--a truly rare find in one of San Diego's most sought-after locations. This property offers the perfect blend of charm, convenience, and income potential. All units are 2-bedroom, 1-bath. A perfect opportunity for an owner-occupant looking to have his/her cake and eat it too. This beautiful 2-bedroom 1 bath 4-unit property offers great financing flexibility and investment potential for the season investors looking for replacement property under a 1031 exchange or owner-occupied buyer to live in one and rent the other 3 units. Tenants enjoy close proximity and being steps away from world class restaurants and entertainment. This property is one of 2 properties in a portfolio being offered for sale. Each property can be purchased on an individual basis. Don’t miss this fantastic opportunity to acquire a value-add coastal asset with healthy current income and development potential in one of San Diego’s most desirable residential submarkets!

Listing Agent

Eduardo Bustamante

South Bay Real Estate Brokerage Email: ed@southbayre.net License #00845295 Listed on: 06/01/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 5,000 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot

Home Design

  • Quadruplex

Interior Spaces

  • 2,900 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Dryer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Additional Features

  • Exterior Lighting
  • Suburban Location
  • No Heating

Listing and Financial Details

  • Tax Lot 4447201900
  • Tax Tract Number 199545
  • Assessor Parcel Number 4447201900
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • Insurance Expense $75
  • Trash Expense $80
  • Water Sewer Expense $120
  • New Taxes Expense $1,744
  • Operating Expense $2,020
  • Gross Income $8,750
  • Net Operating Income $4,115

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 2.20
  • Price Per Unit: 525000
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 120.00
  • Zoning: RM3-9
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 4447201900
  • Year Built: 1971
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 724.14

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area, Dryer Included, Gas & Electric Dryer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 80.00
  • Water Source: Mutual Water Companies

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Level
  • Lot Size Sq Ft: 5000.00
  • Lot Size Acres: 0.1148

Multi Family

  • Gross Income: 8750.00
  • Gross Operating Income: 8750.00
  • Gross Scheduled Income: 8750.00
  • Insurance Expense: 75.00
  • Lot Size Area: 5000.0000 Square Feet
  • Net Operating Income: 4115.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 4115.00
  • Rent Control: No
  • Total Actual Rent: 8750.00
  • Total Expenses: 2020.00

Tax Info

  • New Taxes Expense: 1744.00
  • Tax Lot: 4447201900
  • Tax Tract Number: 199545

Map

Range of Values:

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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 Change Sq Ft Price
06/01/2025 06/01/25 For Sale $2,100,000 -- $724 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2504029

California Regional Multiple Listing Service (CRMLS)

California San Diego County San Diego 92103 Hillcrest

4209 15 3rd Ave, San Diego, CA

This home is located at 4209 15 3rd Ave, San Diego, CA 92103 and is currently priced at $2,100,000, approximately $724 per square foot. This property was built in 1971. 4209 15 3rd Ave is a home located in San Diego County with nearby schools including Florence Elementary School, Roosevelt International Middle School, and Museum School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Eduardo Bustamante
Listing Agent
Eduardo Bustamante
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South Bay Real Estate
(619) 778-4579