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Located in the heart of San Diego’s vibrant Hillcrest neighborhood, the property at 3967-69 8th Avenue, San Diego, California, offers an exciting opportunity for investors seeking a five-unit multifamily property. Constructed in 1931, this building combines historical charm with significant potential for modernization or value-add improvements. The property sits on a 0.10-acre lot, with a total of 3,650 square feet of building space, delivering an average of approximately 730 square feet per unit. The property is in average condition, reflecting a mix of its original 1930s design and more recent updates. While functional and fully operational, there may be opportunities to enhance the property with modern finishes, updated appliances, or efficiency improvements to align with tenant expectations in this high-demand rental market. This makes the property appealing to value-driven investors who recognize the potential for increasing rents through thoughtful upgrades. Hillcrest is renowned for its walkability, eclectic dining scene, and proximity to Downtown San Diego, Balboa Park, and major employment hubs. The small lot size of 0.10 acres is typical for this dense urban setting, but it offers ample potential for maximizing income through creative utilization of the existing space. Whether targeting long-term tenants or shorter-term rental opportunities, the property’s central location and the enduring appeal of Hillcrest position it as a promising???????????????????????????????????????? investment.
Property Type(s):
Commercial
| Last Updated | 1/7/2025 | Community | Mission Hills |
|---|---|---|---|
| County | San Diego |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | Mission Hills |
| HOA DUES | 0 |
Location
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Listed with Marcus & Millichap
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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