3850-3892 Eagle St 5 Unit Apartment Building $2,254,639 CAD ($450,928 CAD/Unit) 3.63% Cap Rate San Diego, CA 92103

We are are pleased to present 3850–3892 Eagle Street, a rare multifamily opportunity located in the highly desirable Hillcrest neighborhood of San Diego, CA. The property consists of two separate residential buildings constructed in 1902 and 1935, offering investors the opportunity to acquire a character-rich asset in one of San Diego’s most supply-constrained and consistently high-demand rental submarkets.
Situated on an oversized 0.34-acre lot, the community is comprised of three (3) one-bedroom/one-bathroom units averaging approximately 600 square feet, one (1) one-bedroom/one-bathroom plus den unit at 800 square feet, and one (1) three-bedroom/one-bathroom residence at 1,100 square feet. The diverse unit mix appeals to a broad tenant base and provides additional upside through continued rent growth and potential unit repositioning over time.
Located in the heart of Hillcrest, residents benefit from immediate access to one of San Diego’s most vibrant urban neighborhoods, known for its strong demographic profile, walkability, and sustained rental demand. The property is within close proximity to a wide array of retail, dining, and entertainment options along University Avenue, while also providing convenient access to major employment hubs including Downtown San Diego, Mission Valley, and the UC San Diego Health campus. Additionally, the neighborhood’s central location and connectivity to major transportation corridors, including Interstate 5, State Route 163, and State Route 94, position it as a highly desirable rental market for both professionals and long-term residents. With its irreplaceable location, strong in-place fundamentals, and long-term upside potential, 3850–3892 Eagle Street represents a compelling value-add opportunity in one of San Diego’s most resilient
infill submarkets.