3933-3945 Hamilton St - Apartments FOR SALE


San Diego, CA 92104- North Park
$4,500,000 USD
858-373-3196
3933-3945 Hamilton St, San Diego, CA for Sale
$4,500,000 USD
Apartments - FOR SALE
1/30
null | 4.12% Cap Rate

3933-3945 Hamilton St
San Diego, CA 92104
North Park


HIGHLIGHTS

  • Prime North Park location with a Walk Score of 95 – steps from University Ave, 30th St, dining, and retail
  • 14 units on a large ±13,986 SF lot with Attractive unit mix of (12) 1BR/1BA and (2) 2BR/1BA
  • Recent upgrades: exterior repaint, new roofs on front buildings, updated landscaping, and 12 custom window replacements
  • ADU potential with conversion of rear garages

OVERVIEW

Marcus & Millichap is pleased to present 3933–45 Hamilton Street, a 14-unit apartment complex in the heart of San Diego’s North Park neighborhood. Built in 1927, the property spans approximately 7,056 rentable square feet on a large ±13,986 square foot lot and boasts a Walk Score of 95. The unit mix includes twelve one-bedroom/one-bath units and two two-bedroom/one-bath units, complemented by gated access, a central courtyard, on-site laundry, eight off-street parking spaces, and three garages. With well-maintained interiors but below-market rents, the property offers investors a compelling value-add opportunity through renovation and repositioning. Recent upgrades include a full exterior repaint, new roofs on the front buildings, updated landscaping, and replacement of 12 custom windows. Its prime location—just steps from University Avenue, 30th Street, and major freeways—adds to its long-term desirability. 3933–45 Hamilton Street presents a rare chance to acquire a historically significant, income-producing asset with strong rental upside and potential for two ADU conversions.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$638 USD /SF

# OF UNITS

14

PRICE/UNIT

$321,429

CAP RATE

4.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

RM-3-9

APN/PARCEL ID

445-702-10

ASK ABOUT THIS PROPERTY

Thomas McCartinThe McCartin GroupMore Info
858-373-3196

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Thomas McCartinThe McCartin GroupMore Info
858-373-3196

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