Abpopa Hillcrest 3776 4th Ave 26 Unit Apartment Building $8,950,000 ($344,231/Unit) 8.40% Cap Rate San Diego, CA 92103

Abpopa Hotel- 2019 Construction High-End Repositioning Opportunity- Convert To Long-Term Apartments OR Keep/Optimize Hotel Operations. Hotel was originally built structurally and wired for long-term apartment and ownership is working with the city on preliminary review for the conversion.
Welcome Aboard the ABPOPA Hillcrest! A unique space featuring micro-lofts at the cultural and geographical heart of San Diego, located in the Hillcrest neighborhood. Surrounded by must-see attractions, eateries, events, and natural splendor, the building is conveniently located within a short distance from Balboa Park and Downtown. If you want to immerse yourself in urban San Diego, staying at ABPOPA Hillcrest offers convenient access to pretty much everything. ABPOPA offers 26 unique micro-lofts within the building and 2 penthouse units. Each unit has a small kitchenette. Each micro-loft has an individual style with a modern feel. Lending to a communal vibe the building also
features a retail shop with wood work, vinyl, turntables jewelry and other gifts in our bottom floor lobby and a rooftop solarium space with panoramic views where you can book your event. Visit the restaurant / bar in our lobby during the open hours. Hillcrest is a charming and creative neighborhood in San Diego, California, just Northwest of Balboa Park and Downtown and South of Mission Valley.
Hillcrest, located just north of Balboa Park in San Diego, is one of the city’s most vibrant and desirable neighborhoods for multifamily development. Known for its walkability, central location, and strong sense of community, it attracts a diverse mix of residents, including healthcare professionals, students, and creative professionals. Its proximity to major medical centers such as UC San Diego Medical Center and Scripps Mercy Hospital adds to its appeal for long-term renters. The neighborhood’s real estate fundamentals are strong, with consistently high rental demand and low vacancy rates. Residents are drawn to Hillcrest for its lifestyle convenience, urban energy, and access to employment hubs, making it a reliable and resilient market for multifamily investment.