Seller's Agent in 2025
Chris Blanco
Berkshire Hathaway HomeServices California Properties
(619) 806-1310
1 in this area
41 Total Sales
4209 Third Ave San Diego, CA 92103
Hillcrest Neighborhood
3
Beds
2
Baths
--
Sq Ft
9,994
Sq Ft Lot
About This Home
As of May 2025This exceptional 9-unit multi-family investment offers strong income potential with significant upside. Situated on two separate lots with independent APNs, the property consists of three buildings: four 1-bedroom, 1-bath units, four 2-bedroom, 1-bath units, and a charming stand-alone bungalow with a bonus room/spare bedroom/den, that can be used by an owner to manage the units. The majority of units have been updated. The property remains consistently occupied with stable, long-term tenants and is currently rented well below market, presenting a fantastic value-add opportunity. Ideally located on a tree-lined street in a quiet yet convenient neighborhood near UCSD Medical Center, Scripps Mercy Hospital, shopping, restaurants, and major freeways. This well-positioned asset ensures high tenant demand and long-term growth. Don’t miss out on this exceptional investment.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices California Properties License #01260292 Listed on: 02/15/2025
Last Buyer's Agent
Ed Bustamante
South Bay Real Estate License #00845295
Property Details
Home Type
- Multi-Family
Lot Details
- 9,994 Sq Ft Lot
- Wood Fence
Parking
- Parking Available
Home Design
- Composition Roof
Interior Spaces
- 3 Bedrooms
- 2-Story Property
- Wood Flooring
Additional Homes
- Number of ADU Units: 4
Utilities
- Cooling System Mounted To A Wall/Window
- Heating System Mounted To A Wall or Window
Listing and Financial Details
- Total Actual Rent $15,513
Community Details
Overview
- 3 Buildings
- 9 Units
Building Details
- 9 Leased Units
- Operating Expense $47,447
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/14/2025 05/14/25 | Sold | $3,350,000 | -10.7% | -- |
| 03/26/2025 03/26/25 | Pending | -- | -- | -- |
| 02/17/2025 02/17/25 | For Sale | $3,750,000 | -- | -- |
Source: San Diego MLS
Agents Affiliated with this Home
-
Chris Blanco
-
Bill Starling
B
Seller Co-Listing Agent in 2025
Bill Starling
Berkshire Hathaway HomeService
(619) 807-8773
1 in this area
8 Total Sales
-
E
Buyer's Agent in 2025
Ed Bustamante
South Bay Real Estate
Map
Source: San Diego MLS
MLS Number: 250019118
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