Investment Overview

Marcus & Millichap is pleased to present 3833-35 Front Street located in San Diego, California. Located in the heart of Hillcrest, the property boasts a Walk Score of 96. The complex rests on a 6,506 square foot lot and has approximately 6,249 rentable square feet. Originally built in 1967, the 12-unit apartment complex recently underwent a comprehensive renovation including the addition of (5) new-construction ADUs this year. The unit mix consists of (2) two bedroom / one bathroom units, (1) one bedroom / one bathroom unit plus den, (6) one bedroom / one bathroom units, and (3) studios. Current ownership has extensively modernized both the interior and exterior of the complex. Exterior renovations include all new paint / stucco, high-end black dual pane vinyl windows, and low-maintenance landscaping. All electrical systems have been completely replaced as well as the sewer line upgraded with epoxy liner and new cleanouts, greatly minimizing repair and maintenance costs for the new owner. Unit interiors boast high-end finishes including luxury vinyl plank flooring, custom cabinets, and all new appliances. Tenants enjoy added amenities such as new air conditioning systems, in-unit washer / dryers, and dishwashers. Additionally, there is a dog wash station for use and a large open courtyard that provides a gathering area for residents. Situated in one of the best rental markets in San Diego County, Hillcrest is the premier urban neighborhood enjoying convenient access to major freeways and Downtown. 3833-35 Front Street ultimately presents the unique opportunity to acquire a turnkey pride of ownership asset that will continue to benefit from rent growth and appreciation.