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Investment Highlights
- Clean turnkey units
- New ABS mainline (2024)
- Upgraded electrical
- Prime Location
Executive Summary
3621 Park Blvd is a premier 14-unit multifamily asset situated in the highly desirable Hillcrest neighborhood. The property features a versatile and high-demand unit mix consisting of seven 1-bedroom/1-bathroom units, four 2-bedroom/1-bathroom units, and three studios. This diverse configuration allows an investor to capture a wide segment of San Diego’s strongest rental demographic, from single professionals to small families. Located on the edge of North Park and Hillcrest, the property benefits from a high-visibility location that ensures long-term tenant desirability and consistent rent growth.
The asset’s location is truly irreplaceable, boasting an immediate proximity to the world-renowned Balboa Park. Tenants enjoy immediate access to over 1,200 acres of green space, the San Diego Zoo, and the cultural hub of the Prado, all while being steps away from trendy coffee shops, craft breweries, and boutique dining along the Park Boulevard corridor. With its historic charm, 3621 Park Blvd represents a rare chance to own a sizable footprint in one of San Diego’s most iconic
urban neighborhoods.San Diego’s most iconic urban neighborhoods.
The asset’s location is truly irreplaceable, boasting an immediate proximity to the world-renowned Balboa Park. Tenants enjoy immediate access to over 1,200 acres of green space, the San Diego Zoo, and the cultural hub of the Prado, all while being steps away from trendy coffee shops, craft breweries, and boutique dining along the Park Boulevard corridor. With its historic charm, 3621 Park Blvd represents a rare chance to own a sizable footprint in one of San Diego’s most iconic
urban neighborhoods.San Diego’s most iconic urban neighborhoods.
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 |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| 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 | 0.19 AC |
| No. Units | 14 | Building Size | 7,148 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1936/2026 |
| Building Class | B | Parking Ratio | 0.7/1,000 SF |
| Zoning | R3 | ||
| Sale Type | Investment |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.19 AC |
| Building Size | 7,148 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1936/2026 |
| Parking Ratio | 0.7/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Washer/Dryer
- Washer/Dryer Hookup
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $2,321 | 500 |
| 2+1 | 4 | $2,775 | 725 |
| Studios | 3 | $1,516 | 250 |
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 452-361-04 | Total Assessment | $4,786,048 |
| Land Assessment | $3,183,624 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,602,424 | Tax Year | 2025 |
Property Taxes
Parcel Number
452-361-04
Land Assessment
$3,183,624
Improvements Assessment
$1,602,424
Total Assessment
$4,786,048
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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3621 Park Blvd
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