Investment Overview

Marcus & Millichap is pleased to present 3560-64 Front Street, a rare multi-residential investment opportunity located in the heart of Hillcrest, one of San Diego's most sought-after urban infill neighborhoods. Situated on an expansive 6,496 square-foot parcel and zoned RM-3-7, the property offers investors and developers a unique opportunity to acquire a large, well-positioned property in a supply-constrained submarket where development opportunities are increasingly difficult to secure. The existing improvements consist of three fully renovated residences, including a studio, a two-bedroom/one-bath unit, and a two-bedroom/two-bath unit. The residences feature original hardwood flooring, decorative fireplaces, spacious foyers, abundant natural light, remodeled kitchens and bathrooms, upgraded fixtures and finishes, and private outdoor living areas, including a spacious deck and a Juliet balcony accessed through elegant French doors in the primary residence. The property also has a large storage space at the back of the property that could be converted to a legal unit via ADU conversion. Delivering a significant advantage to a new investor, the property has recently received historical clearance, providing greater certainty for future redevelopment planning. Poised to be delivered 100% vacant at the close of escrow, the property also offers immediate control of the site without tenancy challenges. Positioned just minutes from Downtown San Diego, Balboa Park, UC San Diego Medical Center, and the vibrant Hillcrest dining, retail, and entertainment corridor, 3560-64 Front Street represents a rare opportunity to acquire a vacant, historically cleared, RM-3-7 zoned development site in one of San Diego's most established and land-constrained urban neighborhoods. Whether pursued as a near-term redevelopment opportunity or a strategic land-banking investment, the property offers a compelling combination of immediate usability, zoning flexibility, and long-term value creation potential.