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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.

Attachments

3621 Park OM

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
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
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Very bikeable
80/100

Property Taxes

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
  • Listing ID: 40835659

  • Date on Market: 6/8/2026

  • Last Updated:

  • Address: 3621 Park Blvd, San Diego, CA 92103

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