$2,400,000

4217 21 3rd Ave San Diego, CA 92103

Hillcrest Neighborhood

Estimated payment $15,074/month

Total Views 8,373
6 Beds
5 Baths
3,900 Sq Ft
$615 Price per Sq Ft

Highlights

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

About This Home

Location, location, location, these phenomenal units in hillcrest must not be missed! Having a separate detached free standing 2-bedroom unit is a fantastic feature, providing flexibility for extended family, guests, or rental income. The multi-family zoning and potential for additional construction make this property even more attractive for investment or future expansion. The proximity to amenities like grocery stores, restaurants, and hospitals, as well as easy access to major roadways and the beach, adds to the appeal of the location. Overall, it seems like a wonderful opportunity to enjoy the best of Hillcrest living while also having rental income. 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

  • 10,000 Sq Ft Lot
  • Two or More Common Walls
  • Level Lot
  • Private Yard

Home Design

  • Property Attached
  • Entry on the 1st floor

Interior Spaces

  • 3,900 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Additional Features

  • Rain Gutters
  • Suburban Location
  • No Heating

Listing and Financial Details

  • Tax Lot 4447201800
  • Tax Tract Number 577
  • Assessor Parcel Number 4447201800
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Amenities

  • Laundry Facilities

Building Details

  • 5 Leased Units
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $75
  • Professional Management Expense $570
  • Water Sewer Expense $120
  • New Taxes Expense $2,395
  • Operating Expense $3,040
  • Gross Income $9,502
  • Net Operating Income $4,195

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 1.75
  • Professional Management Expense: 570.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 120.00
  • Zoning: RM 3-9
  • Property Type: Residential Income
  • Parcel Number: 4447201800
  • Year Built: 1971
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 615.38

Exterior Features

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

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area, Individual Room, Outside
  • Sewer: Public Sewer
  • Water Source: Mutual Water Companies

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Gutters, Sidewalks, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Level with Street, Level, Yard
  • Lot Size Sq Ft: 10000.00
  • Lot Size Acres: 0.2296

Multi Family

  • Gross Income: 9502.00
  • Gross Scheduled Income: 9502.00
  • Gross Spendable Income: 4195.00
  • Insurance Expense: 75.00
  • Lot Size Area: 10000.0000 Square Feet
  • Net Operating Income: 4195.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 5
  • Number Of Units Total: 5
  • Number With Drapes: 5
  • Operating Expense: 5306.00
  • Rent Control: No
  • Total Actual Rent: 9502.00
  • Total Expenses: 3040.00

Tax Info

  • New Taxes Expense: 2395.00
  • Tax Lot: 4447201800
  • Tax Tract Number: 577

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 List to Sale Price per Sq Ft
06/01/2025 06/01/25 For Sale $2,400,000 -- $615 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2504033

California Regional Multiple Listing Service (CRMLS)
California San Diego County San Diego 92103 Hillcrest

4217 21 3rd Ave, San Diego, CA

For Sale

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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