Kay Merg
RE/MAX Connections
(858) 905-5706
54 Total Sales
1 in Hillcrest
$675,000 Price
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
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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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Hillcrest, CA
-
Kay Merg
-
Ryan Dick
Ryan Dick
Compass
(858) 633-5638
40 Total Sales
2 in Hillcrest
$575K - $955K Price Range
-
Jeff Brick
Jeff Brick
Compass
(858) 360-2234
18 Total Sales
2 in Hillcrest
$800,000 Price Range
-
Christopher Spade
Christopher Spade
Keller Williams San Diego Metro
(858) 293-1891
38 Total Sales
4 in Hillcrest
$559K - $750K Price Range
-
Bo Bortner
Bo Bortner
Team Metro
(619) 604-9876
33 Total Sales
5 in Hillcrest
$609K - $975K Price Range
-
Michael Haas
Michael Haas
AARE
(442) 237-4371
101 Total Sales
2 in Hillcrest
$802,000 Price Range
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Seller's Agent in 2025
Chris Blanco
Berkshire Hathaway HomeServices California Properties
(619) 806-1310
1 in this area
39 Total Sales
-
Bill Starling
B
Seller Co-Listing Agent in 2025
Bill Starling
Berkshire Hathaway HomeService
(619) 807-8773
1 in this area
10 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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