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Multifamily

3776 Villa Terrace

3776 Villa Terrace, San Diego, CA 92104

Listing Price: $4,200,000

Cap Rate
4.65%
Number of Units
9
GRM
15.53
Occupancy
97.0%
Price/Unit
$466,667
Price/Gross SF
$790.37
Gross SF
5,314

Investment Overview

The McCartin Group of Marcus & Millichap is pleased to present 3776 Villa Terrace, a fully renovated, turnkey multifamily asset located in one of San Diego’s most desirable urban neighborhoods.

The property has recently undergone a comprehensive renovation program that includes modernized interiors featuring luxury vinyl plank flooring, high-end stainless steel appliances, upgraded cabinetry, and fully tiled bathrooms. Each unit also includes in-unit washer and dryer sets, providing tenants with modern comfort and convenience.

In addition to the interior upgrades, the building has received significant capital improvements including a brand-new roof, all-new electrical systems, and approximately 80% new plumbing - offering investors a low-maintenance asset for years to come.

Ideally located just blocks from University Avenue and 30th Street, 3776 Villa Terrace offers residents immediate access to the vibrant dining, nightlife, and retail options of North Park. The property is also within close proximity to Balboa Park and Morley Field, enhancing its appeal as a walkable, amenity-rich location.

The unit mix consists of one spacious 2-bedroom, 2-bathroom unit and eight well-designed 1-bedroom, 1-bathroom units. Each unit benefits from a designated parking space—an increasingly rare and valuable amenity in this submarket.

With premium finishes, substantial capital improvements, and a prime infill location, 3776 Villa Terrace represents a rare opportunity to acquire a stabilized multifamily asset with continued rental upside in one of San Diego’s strongest rental corridors.

Investment Highlights

  • Extensive Renovations: All-new interiors featuring high-end appliances, luxury vinyl plank flooring, upgraded cabinetry, and fully tiled bathrooms.
  • Significant Structural Upgrades: New roof, complete electrical systems, and approximately 80% new plumbing.
  • Attractive Unit Mix: One 2-bedroom, 2-bathroom unit and eight 1-bedroom, 1-bathroom units.
  • Tenant Convenience: In-unit laundry and designated parking for each unit, a valuable feature in this high-demand area.
  • Prime location with walkability to restaurants, nightlife, and green space

Exclusively Listed By

Multifamily

3776 Villa Terrace

Listing Price: $4,200,000

Cap Rate
4.65%
Number of Units
9
GRM
15.53
Occupancy
97.0%
Price/Unit
$466,667
Price/Gross SF
$790.37
Gross SF
5,314

Investment Highlights

  • Extensive Renovations: All-new interiors featuring high-end appliances, luxury vinyl plank flooring, upgraded cabinetry, and fully tiled bathrooms.
  • Significant Structural Upgrades: New roof, complete electrical systems, and approximately 80% new plumbing.
  • Attractive Unit Mix: One 2-bedroom, 2-bathroom unit and eight 1-bedroom, 1-bathroom units.
  • Tenant Convenience: In-unit laundry and designated parking for each unit, a valuable feature in this high-demand area.
  • Prime location with walkability to restaurants, nightlife, and green space

Investment Overview

The McCartin Group of Marcus & Millichap is pleased to present 3776 Villa Terrace, a fully renovated, turnkey multifamily asset located in one of San Diego’s most desirable urban neighborhoods. The property has recently undergone a comprehensive renovation program that includes modernized interiors featuring luxury vinyl plank flooring, high-end stainless steel appliances, upgraded cabinetry, and fully tiled bathrooms. Each unit also includes in-unit washer and dryer sets, providing tenants with modern comfort and convenience. In addition to the interior upgrades, the building has received significant capital improvements including a brand-new roof, all-new electrical systems, and approximately 80% new plumbing - offering investors a low-maintenance asset for years to come. Ideally located just blocks from University Avenue and 30th Street, 3776 Villa Terrace offers residents immediate access to the vibrant dining, nightlife, and retail options of North Park. The property is also within close proximity to Balboa Park and Morley Field, enhancing its appeal as a walkable, amenity-rich location. The unit mix consists of one spacious 2-bedroom, 2-bathroom unit and eight well-designed 1-bedroom, 1-bathroom units. Each unit benefits from a designated parking space—an increasingly rare and valuable amenity in this submarket. With premium finishes, substantial capital improvements, and a prime infill location, 3776 Villa Terrace represents a rare opportunity to acquire a stabilized multifamily asset with continued rental upside in one of San Diego’s strongest rental corridors.

Exclusively Listed By

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