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We are pleased to present "First Avenue Lofts," a fully entitled and RTI (ready to issue) 56-unit multifamily development opportunity located at 3830 First Avenue, San Diego, CA. Once completed, First Avenue Lofts will feature sixteen (16) studio units averaging 380 square feet and forty (40) one-bedroom/one-bathroom units ranging from 570 to 715 square feet. The eight-story building will total 37,975 square feet, including 32,215 net rentable square feet. Each residence will be outfitted with modern, high-end finishes such as 9-foot ceilings, quartz countertops, full kitchen appliance packages, HVAC, built-in shelving, and custom cabinetry. Positioned in the heart of Hillcrest, one of San Diego's most desirable rental neighborhoods, the property offers exceptional visibility and premier walkability. With a Walk Score of 97, Walkscore.com designates the area a "Walker's Paradise." Just under a mile from Balboa Park, residents will have access to an array of recreational amenities including tennis courts, a public pool, baseball fields, an archery range, hiking trails, a dog park, disc golf course, playgrounds, and a dedicated bicycle speed track. The property also provides immediate pedestrian access to the popular dining and entertainment venues along University Avenue and Robinson Avenue. Strategically located near CA-163 and Interstate 5, First Avenue Lofts offers direct connectivity to San Diego's primary employment hubs such as Downtown, Mission Valley, and Kearny Mesa. This development represents a rare opportunity to acquire a shovel-ready project in Hillcrest.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 8/29/2025 | Tract | Hillcrest |
|---|---|---|---|
| Year Built | 0 | Community | 92103 - Mission Hills |
| County | San Diego |
Additional Details
| AREA | 92103 - Mission Hills |
|---|---|
| LOT | 0 |
| LOT DESCRIPTION | Level |
| SUBDIVISION | Hillcrest |
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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