4209 3Rd Ave

San Diego, CA 92103

$3,750,000

List Price

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bed Beds

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Property Description

This exceptional 9-unit multi-family investment offers strong income potential with significant upside. Situated on two separate lots with independent APNs, the property consists of three buildings: four 1-bedroom, 1-bath units, four 2-bedroom, 1-bath units, and a charming stand-alone bungalow with a bonus room/spare bedroom/den, that can be used by an owner to manage the units. The majority of units have been updated. The property remains consistently occupied with stable, long-term tenants and is currently rented well below market, presenting a fantastic value-add opportunity. Ideally located on a tree-lined street in a quiet yet convenient neighborhood near UCSD Medical Center, Scripps Mercy Hospital, shopping, restaurants, and major freeways. This well-positioned asset ensures high tenant demand and long-term growth. Don’t miss out on this exceptional investment.

Listing Information

List Price $3,750,000
Status Active
MLS 250019118SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size 9,994
Structure Size N/A
DOM 5
Courtesy Of Berkshire Hathaway HomeServices California Properties
Listing Agent Chris Blanco DRE#01260292

Interior Features

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Cooling Type
Cooling Type Wall/Window Unit(s)
Heating Type
Heating Type Wall Furnace

Maps

home_work Nearby Properties

Listing information courtesy of: Chris Blanco, Bill Starling, Berkshire Hathaway HomeServices California Properties 619-806-1310. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 21st, 2025 at 11:44 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.