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Investment Highlights
- Prime Hillcrest Location | One Block from Historic Balboa Park
- Exceptional Walkability; Property Boasts a Walk Score of 90 (“Walker’s Paradise”)
- Rare Unit Mix: Six 2-Bedroom / 1-Bath Units & Four 1-Bedroom / 1-Bath Units
- Full Deck & SB721 Upgrades Performed And Several Recent Capital Expenditures
Executive Summary
3571 6th Avenuenue, situated in one of San Diego’s most sought-after Hillcrest rental markets, is a 10-unit multifamily offering that presents a rare opportunity to acquire a well-located asset with significant upside. The property features an attractive unit mix of six spacious 2-bedroom residences and four 1-bedroom units, a combination that appeals to a broad tenant base while driving long-term occupancy. Complemented by four off-street parking spaces and a desirable walkable Hillcrest location near restaurants, shopping, employment centers, and Balboa Park, the property offers the fundamentals investors seek in a premier urban investment.
With current rents substantially below market, the asset provides an exceptional value-add opportunity for investors focused on income growth and long-term appreciation. A strategic renovation program and thoughtful lease turnover can unlock meaningful rental upside, positioning the property for strong cash flow expansion while benefiting from Hillcrest’s historically resilient demand, limited housing supply, and enduring desirability. This is an opportunity to acquire a high-quality infill asset with immediate operational upside and compelling long-term wealth creation potential.
With current rents substantially below market, the asset provides an exceptional value-add opportunity for investors focused on income growth and long-term appreciation. A strategic renovation program and thoughtful lease turnover can unlock meaningful rental upside, positioning the property for strong cash flow expansion while benefiting from Hillcrest’s historically resilient demand, limited housing supply, and enduring desirability. This is an opportunity to acquire a high-quality infill asset with immediate operational upside and compelling long-term wealth creation potential.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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
| Sale Type | Investment | Lot Size | 0.16 AC |
| No. Units | 10 | Building Size | 7,760 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1952 |
| Building Class | C | Parking Ratio | 0.52/1,000 SF |
| Zoning | RM-3-9 - Residential Multifamily | ||
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 7,760 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 0.52/1,000 SF |
| Zoning | RM-3-9 - Residential Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Kitchen
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,621 | 590 |
| 2+1 | 6 | $2,190 | 900 |
1 1
Exceptionally walkable
90/100
Exceptionally drivable
100/100
Good public transit
60/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 452-430-11 | Improvements Assessment | $962,370 (2026) |
| Land Assessment | $2,574,990 (2026) | Total Assessment | $3,537,360 (2026) |
Property Taxes
Parcel Number
452-430-11
Land Assessment
$2,574,990 (2026)
Improvements Assessment
$962,370 (2026)
Total Assessment
$3,537,360 (2026)
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3571 6th Ave
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