4103-5 C Street 4 Unit Apartment Building Offered at $1,782,024 CAD at a 4.81% Cap Rate San Diego, CA 92102

4103-5 C Street is a 4-unit property located in the Mount Hope neighborhood in San Diego that has plans for two additional two bedroom units. The property consists
of multiple structures built around 1951 totaling 3,118 sq ft on a 5,871 sq ft lot. There is a front, two story structure with a second level 3 Bedroom / 1 Bathroom unit
above a 2 Bedroom / 1 Bathroom ADU unit and a 1 Bedroom / 1 Bathroom unit. There is a 3 Bedroom / 1 Bathroom house with frontage on 41st Street and a pad in
the rear for the construction of the additional two 2 Bedroom ADUs. There will be 5+ parking spaces including tandem after ADU construction. Key Features include
brick/stucco construction, composition roof, utility hookups, city views from parts of the property, and a corner lot with alley access. The property is conveniently located near Costco, major freeways, public transit, parks, and everyday amenities. Mount Hope offers a balanced lifestyle with a mix of residential charm and urban access—perfect for commuters, investors, or families.
Mount Hope is a diverse, hilly urban neighborhood in southeastern San Diego, California. It sits nestled between Interstates 15 and 805, offering a mix of residential, commercial, industrial, and open spaces in a compact, established community. The neighborhood takes its name from the historic Mount Hope Cemetery, established in 1869–1871. It serves as one of San Diego’s oldest public cemeteries and a resting place for many of the city’s founders and pioneers, including Alonzo E. Horton (the “father of San Diego”). The rolling hills and views that inspired the cemetery’s name also define the surrounding area’s topography.
Mount Hope feels like a resilient, working-class community with deep roots. It features tree-lined streets, a blend of older single-family homes, and a stable residential core alongside commercial corridors. It has a relatively young median age (around the mid-30s) and a family-oriented feel in many pockets. Residents often describe it as peaceful, tight-knit, and “up-and-coming,” with a strong sense of community pride despite historical challenges like infrastructure needs and being bordered by freeways. Market Street serves as a main thoroughfare lined with churches, small businesses, and local spots.
KEY FEATURES AND AMENITIES
•Mount Hope Cemetery — A historic landmark with beautiful grounds and notable burials.
•Dennis V. Allen Park and the Mount Hope Community Garden — Green spaces for recreation, gardening, events, and neighborhood gatherings.
•Housing — Primarily single-family homes, with median prices in recent years around the $700,000 range. Many properties have character and potential for updates.
•Proximity to other areas like Lincoln Park, Southcrest, and easy freeway access to downtown San Diego, National City, and beyond.
Mount Hope offers a grounded, authentic San Diego experience — not flashy or touristy, but rich in community soul, history, and everyday resilience. Its location provides convenient access to the rest of the city while maintaining a quieter, neighborhood-oriented lifestyle. Just to the west is the Naval Station San Diego, also known as 32nd Street Naval Station, as well as the NASSCO shipyard and other military-related facilities. San Diego International Airport is located just 15 minutes away.