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Multifamily

4284 Third Ave

4284 Third Ave, San Diego, CA 92103

Listing Price: $1,265,000

Cap Rate
1.85%
Number of Units
3
GRM
25.46
Occupancy
97.0%
Price/Unit
$421,667
Price/Gross SF
$746.31
Gross SF
1,695

Investment Overview

Marcus and Millichap is pleased to present 4284-88 3rd Ave, a 3-unit community located in the highly desirable neighborhood of Hillcrest. Constructed in 1958, the two-story subject property rests on an approximate 0.14-acre lot. The property is comprised of three (3) one-bedroom/one-bathroom units totaling approximately 1,6945 square feet

Lauded for its eclectic vibe and pedestrian-friendly streets and sidewalk patios, Hillcrest stretches almost a dozen blocks west from Normal Street along University Avenue with a colorful mix and array of coffee houses, restaurants, and bars. Hillcrest was founded in the early 1900s and is a neighborhood in San Diego located northwest of Balboa Park and south of Mission Valley. Due to the bustle of the neighborhood, Hillcrest has a high rate of pedestrian activity, hosting a mix of ethnically diverse restaurants, nightclubs, breweries, and acclaimed wine bars.

This unique property lends investors the opportunity to acquire a pride of ownership property in one of San Diego's most lucrative rental markets. Located in the heart of Hillcrest in Montecito Point, this complex is within walking distance of many attractions in one of San Diego's hippest and most trendy neighborhoods.

Investment Highlights

  • True value-add opportunity
  • Pride of Ownership location in Hillcrest
  • Two single car garages
  • Desirable R-4 Zoning
  • Minutes away from major employment centers, shopping centers and schools
  • Offered free and clear of debt

Exclusively Listed By

Listing Price: $1,265,000

Cap Rate
1.85%
Number of Units
3
GRM
25.46
Occupancy
97.0%
Price/Unit
$421,667
Price/Gross SF
$746.31
Gross SF
1,695

Investment Highlights

  • True value-add opportunity
  • Pride of Ownership location in Hillcrest
  • Two single car garages
  • Desirable R-4 Zoning
  • Minutes away from major employment centers, shopping centers and schools
  • Offered free and clear of debt

Investment Overview

Marcus and Millichap is pleased to present 4284-88 3rd Ave, a 3-unit community located in the highly desirable neighborhood of Hillcrest. Constructed in 1958, the two-story subject property rests on an approximate 0.14-acre lot. The property is comprised of three (3) one-bedroom/one-bathroom units totaling approximately 1,6945 square feet

Lauded for its eclectic vibe and pedestrian-friendly streets and sidewalk patios, Hillcrest stretches almost a dozen blocks west from Normal Street along University Avenue with a colorful mix and array of coffee houses, restaurants, and bars. Hillcrest was founded in the early 1900s and is a neighborhood in San Diego located northwest of Balboa Park and south of Mission Valley. Due to the bustle of the neighborhood, Hillcrest has a high rate of pedestrian activity, hosting a mix of ethnically diverse restaurants, nightclubs, breweries, and acclaimed wine bars.

This unique property lends investors the opportunity to acquire a pride of ownership property in one of San Diego's most lucrative rental markets. Located in the heart of Hillcrest in Montecito Point, this complex is within walking distance of many attractions in one of San Diego's hippest and most trendy neighborhoods.

Exclusively Listed By

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