4209-4215 3rd Ave - Apartments FOR SALE


San Diego, CA 92103- Hillcrest
$2,975,000 USD
858-248-1222
4209-4215 3rd Ave, San Diego, CA for Sale
$2,975,000 USD
Apartments - FOR SALE
1/16
null | 4.51% Cap Rate

4209-4215 3rd Ave
San Diego, CA 92103
Hillcrest


HIGHLIGHTS

  • Fully Renovated in 2026 — Premium Turn-Key Renovation - All Units w/ Central AC and Washer Dryers
  • Four Spacious 2 Bed / 1 Bath Units - Avg Rents of $3,938 per Unit
  • Two Units with Large Private Backyards w/ Grass Area — Upstairs Units Feature Large Private Balconies
  • Eight (8) Total Parking Spaces (2 Per Unit) — A Rare Premium in Hillcrest
  • Prime Hillcrest Location — Walk Score of 78, Steps to 5th Avenue, Balboa Park, and Downtown San Diego
  • Directly Adjacent to UCSD’s $3 Billion Medical Campus Redevelopment

OVERVIEW

CBRE is please to present 4209-15 3rd Avenue, a meticulously renovated four-unit multifamily property in the heart of San Diego’s electric Hillcrest neighborhood and adjacent to UCSD’s $3 billion medical campus redevelopment. Completed with a high-end, no-expense-spared renovation as of July 2026, the property consists of four spacious 2 Bedroom / 1 Bathroom units, each finished with designer-grade materials and entirely new building systems throughout. Two of the four units enjoy large private backyards, while the upper-level units feature large private balconies. Each unit is equipped with two dedicated parking spaces — eight spaces in total — a rare and valuable premium in this walkable, transit-friendly pocket of Uptown San Diego where off-street parking is scarce. With every major system replaced or upgraded — roof, HVAC, electrical, plumbing, windows, and security — 4209-15 3rd Avenue offers an investor a true turn-key opportunity in one of San Diego’s most in-demand rental submarkets, with a new construction feel and strong tenant appeal from day one.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$992 USD /SF

# OF UNITS

4

PRICE/UNIT

$743,750

CAP RATE

4.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

RM-3-9

APN/PARCEL ID

444-720-19

ASK ABOUT THIS PROPERTY

Nate PepperCBREMore Info
858-248-1222

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Nate PepperCBREMore Info
858-248-1222

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