Hascall Realty, CA DRE #01241413
Rhonda Hascall, Hascall Realty, CA DRE #01241413Phone: (619) 838-9044
Email: [email protected]
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listing
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CommercialFor Sale
$2,895,000
3836 3rd Avenue
San Diego, CA 92103
Listed by Ben Sierpina DRE#02062416 [email protected] Marcus & Millichap
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$15,043/mo

We are pleased to present (for the first time ever on market) 3836 3rd Avenue located in San Diego, California. Built in 1967, the 7-unit apartment complex is located in the heart of the eclectic Hillcrest neighborhood and boasts a Walk Score of 97. The building rests on a 5,415 square foot lot with approximately 4,835 in rentable square feet. The unit mix consists of (2) two bedroom / one bathroom units and (5) one bedroom / one bathroom units all with spacious floor plans. Current ownership has meticulously maintained the property and three units have been updated with newer kitchen cabinets, granite countertops, and vinyl plank flooring. The three upgraded units also feature newer bathroom vanities and tile shower surrounds. The one bedroom units all have large walk-in closets not commonly seen in properties of this vintage. Furthermore, five units feature dishwashers. Attractive tenant offerings include gated access, on-site laundry, and (9) off-street parking spaces. Electrical panels were upgraded for all units in 2021.The property is individually metered for SDG&E, ultimately reducing overall operating costs to the owner. With significant rental upside, the property presents a strong value-add opportunity for an investors looking to extensively renovate and modernize the units to maximize cash flow.

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Information courtesy of Marcus & Millichap is subject to verification and is not guaranteed.
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