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We are pleased to present for the first on market in over 50 years 3422-24 Albert Street, a well-positioned multifamily investment opportunity located in the highly desirable submarket of Hillcrest. Originally constructed in 1939, the property offers classic architectural character combined with long-term rental appeal, providing investors with an opportunity to acquire a value-add asset in a premier urban location. The 1,668-square-foot property consists of two residential units, offering an efficient unit mix that caters to strong renter demand in the surrounding market. With a functional layout, established tenancy, and attractive neighborhood fundamentals, the property provides investors with an opportunity to enhance value through strategic ownership and operational improvements. Situated on a 7,105 SF lot, the property offers significant potential for ADUs to further increase density and cash flow. Located in San Diego's 92103 zip code, 3422-24 Albert Street sits in the highly walkable Hillcrest area, one of the city's most established and amenity-rich urban neighborhoods. Residents are within easy reach of the Hillcrest business district, with its dense mix of dining, coffee shops, grocery, and everyday retail, as well as the cultural and recreational draw of nearby Balboa Park. The location offers quick access to Downtown San Diego and major employment centers, supported by convenient freeway connectivity via SR-163 and Interstate 5. This combination of a mature, pedestrian-friendly residential setting, strong neighborhood amenities, and central access to jobs and
Property Type(s):
Residential Income
| Last Updated | 8/24/2026 | Year Built | 1939 |
|---|---|---|---|
| Community | 92103 - Mission Hills | County | San Diego |
Additional Details
| AIR | None |
|---|---|
| AREA | 92103 - Mission Hills |
| LOT | 0 |
| STORIES | 2 |
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.
This IDX solution is (c) Diverse Solutions 2026.
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