3852 1st ave, San Diego, CA 92103
Active
$2,500,000
4%
5 Units
5 Beds
5 Baths
n/a Area(sq.ft.)
Lot: 6,230 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| 0 | $ 0 | $ 0 | $ 0 |
| MLS #: | 250017592SD |
| Days On Market: | 372 |
| Listing Date: | January 29, 2025 |
| County: | San Diego |
| Property Type: | Residential Income |
| Price per unit: | $ 500,000 |
| Year Built: | 1965 |
Property Details
Don't miss this exceptional Craftsman home in the heart of Hillcrest! Blending timeless charm with thoughtful modern updates, this property radiates character. The original fireplace and hardware preserve its historic appeal, while features like the breakfast nook with vaulted ceilings in the 2-bedroom unit provide a sense of comfort and style. Ample 2 alley parking spots and 3 detached garages are coveted luxuries in urban living. With multi-family zoning and the potential for additional construction, this property is a prime investment opportunity, whether for future expansion or rental income. The fully fenced, private yard offers both security and seclusion, a rarity in such a central location. Conveniently located near grocery stores, restaurants, hospitals, and with easy access to major roadways and the beach, the lifestyle benefits are undeniable. This is a rare opportunity to acquire 5 units in one of San Diego's most desirable neighborhoods perfect for those looking to invest in both the charm and future potential of Hillcrest living.Interested in this Listing?
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Income Details
| Total Annual Expense: | $ 50,000 |
| Net Operating Income: | $ 135,943 |
| Cap Rate: | 5.19% |
| Gross Rent Multiplier: | 13.90 |
Structure
| Amenities: | Assoc Barbecue, BBQ |
| Levels: | Two |
| Complex Name: | N/K |
| Security Features: | None |
Land & Parking
Interior
| AC/Cooling: | Central Forced Air |
Exterior
| Pool: | No |
| Roof: | Wood |
| Spa: | No |
Detailed Map
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