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Tracy Baker

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

$ 1,500,000

Est. payment | -/mo

4 Beds

2 Baths

Save

$ 1,500,000

Est. payment | -/mo

Save

4 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision None(2161)

MLS Listing ID 260020744

Bedrooms 4

Full Baths 2

Year Built 1939

Property Sub-Type Res Income 2-4 Units

Property Description

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

Location

State CA

County San Diego

Area Metro Uptown

Interior

Fireplace No

Exterior

Fence Partial

View Y/N No

Roof Type Tile/Clay

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 452-483-06-00

Acceptable Financing Conventional

Listing Terms Conventional

Listed by Ben Sierpina, DRE#02062416 Marcus & Millichap

NEARBY SCHOOL & BUSINESS

+1(619) 507-4230

tracy@tracybbaker.com

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3422-24 Albert St San Diego, CA 92103