CBRE is pleased to offer for sale a 12-unit residential community located at 3749-3763 4th Avenue in Hillcrest, the premier infill urban community of central San Diego. Built in 1924, the property features timeless Spanish architecture combined with lush landscaping to create the ideal living environment. The unit mix consists of 8 spacious one-bedroom cottages and 4 two-bedroom flats. Other amenities include off-street parking off the ally. The property currently has 7 vacant units, and the remaining 5 leases are all month-to-month making it the ideal value-add opportunity through renovation. The improvements sit on an expansive 13,499 SF flat usable lot ideal for new development. The zoning is CC-3-10 (High Density Residential) and located in Complete Communities Tier 2 with an FAR of 8. Hillcrest is one of San Diego’s most sought-after housing markets offering a vibrant urban lifestyle while still maintaining a sense of tranquility. A favorite among young professionals and families, the property is steps from some of the county’s best restaurants, trendy café’s, parks, eclectic shops, schools, and entertainment. The area is thriving with new construction which blends with newly renovated historic buildings, offering both historic charm and contemporary urban living. The community features convenient access to neighboring Balboa Park, Little Italy, Old Town, Downtown and Mission Valley, along with interstates 5, 8, and Highway 163. Hillcrest is ideal for multifamily real estate investment.