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3749 4th Avenue Apartments 3749 4th Ave 12 Unit Apartment Building $4,167,600 CAD ($347,300 CAD/Unit) San Diego, CA 92103
Investment Highlights
- IMMEDIATE RENTAL UPSIDE AND VALUE-ADD OPPORTUNITY
- Timeless Spanish architecture and lush landscaping across an expansive 13,499 SF lot
- Proximity to Balboa Park, Little Italy, Downtown San Diego, and Mission Valley
- Walking distance from top ranked restaurants, eclectic shops, trendy cafes, schools, parks, and entertainment
- Spacious one-bedroom cottages and two-bedroom flats
- Major employment hub with convenient access to Highway 163, Interstates 5 and 8
Executive Summary
CBRE is pleased to offer for sale a 12-unit residential community located at 3749-3763 4th Avenue
in Hillcrest, the premier infill urban community of central San Diego. Built in 1924, the property
features timeless Spanish architecture combined with lush landscaping to create the ideal living
environment. The unit mix consists of 8 spacious one-bedroom cottages and 4 two-bedroom flats.
Other amenities include off-street parking off the ally. The property currently has 7 vacant units, and
the remaining 5 leases are all month-to-month making it the ideal value-add opportunity through
renovation. The improvements sit on an expansive 13,499 SF flat usable lot ideal for new development.
The zoning is CC-3-10 (High Density Residential) and located in Complete Communities Tier 2 with
an FAR of 8.
Hillcrest is one of San Diego’s most sought-after housing markets offering a vibrant urban lifestyle while still
maintaining a sense of tranquility. A favorite among young professionals and families, the property is steps from some
of the county’s best restaurants, trendy café’s, parks, eclectic shops, schools, and entertainment. The area is thriving with
new construction which blends with newly renovated historic buildings, offering both historic charm and contemporary
urban living. The community features convenient access to neighboring Balboa Park, Little Italy, Old Town, Downtown
and Mission Valley, along with interstates 5, 8, and Highway 163. Hillcrest is ideal for multifamily real estate investment.
in Hillcrest, the premier infill urban community of central San Diego. Built in 1924, the property
features timeless Spanish architecture combined with lush landscaping to create the ideal living
environment. The unit mix consists of 8 spacious one-bedroom cottages and 4 two-bedroom flats.
Other amenities include off-street parking off the ally. The property currently has 7 vacant units, and
the remaining 5 leases are all month-to-month making it the ideal value-add opportunity through
renovation. The improvements sit on an expansive 13,499 SF flat usable lot ideal for new development.
The zoning is CC-3-10 (High Density Residential) and located in Complete Communities Tier 2 with
an FAR of 8.
Hillcrest is one of San Diego’s most sought-after housing markets offering a vibrant urban lifestyle while still
maintaining a sense of tranquility. A favorite among young professionals and families, the property is steps from some
of the county’s best restaurants, trendy café’s, parks, eclectic shops, schools, and entertainment. The area is thriving with
new construction which blends with newly renovated historic buildings, offering both historic charm and contemporary
urban living. The community features convenient access to neighboring Balboa Park, Little Italy, Old Town, Downtown
and Mission Valley, along with interstates 5, 8, and Highway 163. Hillcrest is ideal for multifamily real estate investment.
Property Facts In Escrow
| Price | $4,167,600 CAD | Apartment Style | Garden |
| Price Per Unit | $347,300 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.32 AC |
| No. Units | 12 | Building Size | 7,144 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1924 |
| Zoning | CC-3-8 | ||
| Price | $4,167,600 CAD |
| Price Per Unit | $347,300 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 7,144 SF |
| No. Stories | 2 |
| Year Built | 1924 |
| Zoning | CC-3-8 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | $2,005 CAD | 503 |
| 2+1 | 4 | $2,473 CAD | 780 |
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Exceptionally walkable
100/100
Very drivable
80/100
Good public transit
70/100
Moderately bikeable
70/100
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