Skip to main content
Mary Anne & Anastasia
FOR SALE
$7,000,000

3956 1st Ave
San Diego, CA 92103

Multi-Family
Residential
N/A
Acre Lot
Courtesy: Eric D Comer - Eric D. Comer, Broker
Home> California> San Diego> 92103
PRICE REDUCED!! 3956-3962 1st Avenue is a mixed use property located in the desirable urban neighborhood of Hillcrest in San Diego. The unit count includes 13 apartments plus two office suites. The subject consists of a 13-unit multifamily building and a 2,220 square foot office building situated on three adjacent parcels totaling approximately 0.5 acres (20,663 square feet). The current owner would prefer to sell both the apartments and office combined, but will entertain offers on each separately. The Buyer can assume an attractive $2.43M Chase Loan fixed at 3.92% until May 2027 on the 13-unit multifamily property located at 3960-3962 1st Avenue. The subject is strategically located in the highly walkable neighborhood of Hillcrest on First Avenue between the major east-west thoroughfares of Washington Street and University Avenue. The property has superb drive-by visibility, abundant parking and alley access. Tenants are walking distance to several restaurants, bars, coffee shops and boutique shops. Proximate to several freeways including I-5, I-8 and the 163, residents have convenient access to all major employment centers. The apartments were originally constructed in 1955 and the property is well maintained. There is opportunity for a Buyer to capitalize on a full renovation program to substantially increase rents. Alternately, the property offers a prime redevelopment opportunity. Recent updates to the City of San Diego's development regulations would permit a higher density development than the base zone allows.
240003196
Multi-Family, Other
San Diego
Stucco
Loading...
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

Loading...
Courtesy: Eric D Comer - Eric D. Comer, Broker
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS. 
This content last refreshed on 5/26/2024 3:49 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.