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3501-3503 4th Ave 3,912 SF Vacant Office Building San Diego, CA 92103 $2,950,000 ($754.09/SF)



Executive Summary
Situated in the highly desirable Bankers Hill
neighborhood of San Diego, 3501–3505 Fourth
Avenue presents a rare mixed-use owneruser
or investment opportunity in one of San
Diego’s most vibrant urban neighborhoods.
The property combines professional office
space with residential living in a well maintained
mid-century building featuring
strong street presence at the hard corner of
Walnut and Fourth Avenue.
Constructed in 1953, the 3,912-square-foot
building sits on a 5,911-square-foot lot and
consists of three units: a dental office, a multiroom
professional office suite(currently a
cosmetic spa), and a spacious two-bedroom,
two-bath residential apartment located on
the upper level. The property’s flexible layout
allows for a variety of uses, making it well
suited for medical, professional, or boutique
office users seeking an on-site residential
component.
A defining feature of the property is its sunlit
central atrium, which creates a tranquil
environment highlighted by a koi pond and
mature landscaping. This inviting courtyard
setting enhances the building’s mid-century
architectural character while providing a
peaceful atmosphere for tenants and visitors.
The asset benefits from several recent
improvements, including a newer roof, owned
solar energy system, new instant hot water
heaters, and newer HVAC systems helping
reduce operating costs and improve long term
efficiency. Additional features include
four private on-site parking spaces and
prominent signage exposure along Fourth
Avenue, providing excellent visibility in a highly
trafficked corridor.
Positioned in a walkable, high-demand
neighborhood near employment centers,
retail, dining, and cultural destinations, this
property represents an attractive opportunity
for investors or owner-users seeking a unique
and character-rich asset in central San Diego.
neighborhood of San Diego, 3501–3505 Fourth
Avenue presents a rare mixed-use owneruser
or investment opportunity in one of San
Diego’s most vibrant urban neighborhoods.
The property combines professional office
space with residential living in a well maintained
mid-century building featuring
strong street presence at the hard corner of
Walnut and Fourth Avenue.
Constructed in 1953, the 3,912-square-foot
building sits on a 5,911-square-foot lot and
consists of three units: a dental office, a multiroom
professional office suite(currently a
cosmetic spa), and a spacious two-bedroom,
two-bath residential apartment located on
the upper level. The property’s flexible layout
allows for a variety of uses, making it well
suited for medical, professional, or boutique
office users seeking an on-site residential
component.
A defining feature of the property is its sunlit
central atrium, which creates a tranquil
environment highlighted by a koi pond and
mature landscaping. This inviting courtyard
setting enhances the building’s mid-century
architectural character while providing a
peaceful atmosphere for tenants and visitors.
The asset benefits from several recent
improvements, including a newer roof, owned
solar energy system, new instant hot water
heaters, and newer HVAC systems helping
reduce operating costs and improve long term
efficiency. Additional features include
four private on-site parking spaces and
prominent signage exposure along Fourth
Avenue, providing excellent visibility in a highly
trafficked corridor.
Positioned in a walkable, high-demand
neighborhood near employment centers,
retail, dining, and cultural destinations, this
property represents an attractive opportunity
for investors or owner-users seeking a unique
and character-rich asset in central San Diego.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,912 SF
Building Class
B
Year Built/Renovated
1953/2023
Price
$2,950,000
Price Per SF
$754.09
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,956 SF
Slab To Slab
8’
Building FAR
0.66
Lot Size
0.14 AC
Zoning
NP-1, San Diego
Parking
4 Spaces (1.02 Spaces per 1,000 SF Leased)
Amenities
- Bio-Tech/ Lab Space
- Controlled Access
- Courtyard
- Fenced Lot
- Security System
- Signage
- Wheelchair Accessible
- Reception
- Monument Signage
- Air Conditioning
- Balcony
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 452-406-12 | Improvements Assessment | $546,615 |
| Land Assessment | $226,015 | Total Assessment | $772,630 |
Property Taxes
Parcel Number
452-406-12
Land Assessment
$226,015
Improvements Assessment
$546,615
Total Assessment
$772,630
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3501-3503 4th Ave
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