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Tracy Baker

tracy@tracybbaker.com +1(619) 507-4230

$ 2,395,000

Est. payment | -/mo

4 Beds

4 Baths

Save

$ 2,395,000

Est. payment | -/mo

Save

4 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Hillcrest (Hc)

MLS Listing ID 260020675

Bedrooms 4

Full Baths 4

Year Built 2010

Property Sub-Type Res Income 2-4 Units

Property Description

Fully leased and extensively renovated in 2025 four-unit investment property in the heart of Hillcrest. Each residence offers one bedroom and one bathroom with updated kitchens, stainless-steel appliances, modern flooring, newer windows, wall-mounted air conditioning, and in-unit laundry. Property improvements include upgraded electrical systems, fire sprinklers, and a newer water main. Select units include gated parking. Each unit has a separate SDG&E meter and only one water meter. The property currently generates approximately $143,880 in gross scheduled annual income with an estimated stabilized NOI of $111,690. All four leases are in place, offering immediate income and limited near-term capital improvement requirements. Located near major employment centers, medical facilities, restaurants, shopping, public transportation, Balboa Park, and Downtown San Diego. An attractive opportunity to acquire a stabilized residential income property in one of San Diego's most desirable and supply-constrained rental markets. Offering Memorandum, rent roll, leases, and financial information are available upon request. Buyer to verify all property information, permits, square footage, income, expenses, and operating assumptions.

Location

State CA

County San Diego

Area Metro Uptown

Zoning RM-3-9

Direction use Waze, iMaps or Google. Corner of 3rd Ave and Brookes Ave in 92103

Interior

Heating Combination Heating

Cooling Zoned Area(s)

Fireplace No

Exterior

Fence Full, Gate

Utilities Available Sewer Connected

View Y/N No

Water Access Desc Meter on Property

Roof Type Composition,Rolled/Hot Mop

Building

Story 2

Water Meter on Property

Level or Stories 2

Others

HOA Fee Include Trash Pickup

Senior Community No

Tax ID 452-285-13-00

Acceptable Financing Cash, Conventional, Exchange, Other/Remarks

Listing Terms Cash, Conventional, Exchange, Other/Remarks

Special Listing Condition Call Agent

Listed by Jean Paul Schwarz, DRE#01915341 The Schwarz Group

NEARBY SCHOOL & BUSINESS

+1(619) 507-4230

tracy@tracybbaker.com

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312 Brookes Ave San Diego, CA 92103