3574 4th Ave - Apartments FOR SALE


San Diego, CA 92103- Hillcrest
$4,995,000 USD
619-227-0949
3574 4th Ave, San Diego, CA for Sale
$4,995,000 USD
Apartments - FOR SALE
1/47
null | 4.45% Cap Rate

3574 4th Ave
San Diego, CA 92103
Hillcrest


HIGHLIGHTS

  • Prime location between Banker's Hill, Hillcrest, and Uptown
  • Eight upgraded units featuring modern kitchens and baths
  • In-unit washer/dryers and air conditioning in every residence
  • Strong income profile with $264,000 GSI and 4.45% cap rate
  • Walking distance to Balboa Park and Hillcrest dining district
  • Fully landscaped lot with eight parking spaces and alley access

OVERVIEW

This signature income property offers a rare opportunity to own a landmark multifamily asset in one of San Diego’s most coveted neighborhoods—Banker’s Hill, Hillcrest, and Uptown. The property consists of eight high-quality residences: four spacious one-bedroom units and four contemporary studio apartments, each thoughtfully upgraded with modern kitchens, stylish bathrooms, air conditioning, and in-unit washer/dryers. Hardwood and vinyl flooring complement the interiors, creating a timeless appeal for discerning tenants. Strategically positioned near vibrant retail corridors, cultural attractions, and major employment hubs, this property benefits from exceptional walkability and proximity to Balboa Park, Downtown San Diego, and the Hillcrest dining scene. With easy access to Interstate 5 and SR-163, residents enjoy seamless connectivity to the greater metro area and San Diego International Airport. Financially, the asset delivers strong performance with a Gross Scheduled Income of $264,000 and a Net Operating Income of $222,500, reflecting a solid 4.45% cap rate. The property sits on a fully landscaped lot with eight dedicated parking spaces and alley access, enhancing convenience for tenants. Zoned for multifamily use, this investment is ideal for buyers seeking stability, architectural character, and long-term appreciation in a high-demand rental market.

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$1,225 USD /SF

# OF UNITS

8

PRICE/UNIT

$624,375

CAP RATE

4.45%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4th Avenue Hillcrest Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

NP-1

APN/PARCEL ID

452-402-27

ASK ABOUT THIS PROPERTY

Joe CartaJoe Carta RealtyMore Info
619-227-0949

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Joe CartaJoe Carta RealtyMore Info
619-227-0949

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.