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3409--3421 5th Ave 6 Unit Apartment Building $2,295,000 ($382,500/Unit) San Diego, CA 92103
Investment Highlights
- Prime Hillcrest location just steps from Balboa Park
Executive Summary
Classic 6-unit apartment building in San Diego's prime Hillcrest/Uptown submarket - offering excellent visibility along a high-traffic corridor, just steps from Balboa Park. Ideally situated in one of San Diego's most vibrant and walkable neighborhoods, with consistent demand and close proximity to shops, restaurants, residential developments, and transit. The building consists of approx 4148 SF, with two studios, two 1 BD/1 BA, and two 2 BD/1 BA. Lot consists of approx 5050 SF. Zoned CC-3-9 for commercial use with potential for rental income growth or future redevelopment, including maximizing Complete Communities incentives. Convenient access to I-5, I-163, I-8, and Downtown San Diego. A rare investment opportunity in one of San Diego’s most active urban markets. NOTE: Multi-unit property next door also for sale, with 7000+ SF lot. Opportunity to buy both for combined lot size of over 12,000 SF (510 Upas St - listed by different broker).
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,295,000 | Apartment Style | Low-Rise |
| Price Per Unit | $382,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Sale Condition | 1031 Exchange | Building Size | 4,150 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | ||
| Zoning | CC3-9 - Commercial zoning: CC-3-9. Allows high-intensity, urban multi-tenant development with retail, service, office, and mixed-use configurations. | ||
| Price | $2,295,000 |
| Price Per Unit | $382,500 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,150 SF |
| No. Stories | 2 |
| Year Built | 1915 |
| Zoning | CC3-9 - Commercial zoning: CC-3-9. Allows high-intensity, urban multi-tenant development with retail, service, office, and mixed-use configurations. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $2,325 | - |
| 1+1 | 2 | $1,575 | - |
| Studios | 2 | $1,398 | - |
1 1
Exceptionally walkable
90/100
Very drivable
80/100
Good public transit
60/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 452-555-05 | Improvements Assessment | $583,019 |
| Land Assessment | $1,394,739 | Total Assessment | $1,977,758 |
Property Taxes
Parcel Number
452-555-05
Land Assessment
$1,394,739
Improvements Assessment
$583,019
Total Assessment
$1,977,758
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3409--3421 5th Ave
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