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3959 Normal St 9 Unit Apartment Building $4,250,000 ($472,222/Unit) San Diego, CA 92103
INVESTMENT HIGHLIGHTS
- Steps away from Hillcrest’s vibrant dining, shopping, and nightlife scene
- Centrally located near Balboa Park, Freeway 163, and Freeway 805
- Highly walkable area with excellent tenant demand
EXECUTIVE SUMMARY
An incredible opportunity to own a nine-unit multifamily property in the heart of Hillcrest, one of San Diego’s most dynamic and sought-after neighborhoods. This well-maintained asset offers a strong income stream, excellent location, and long-term investment stability.
• Centrally located near Balboa Park, Freeway 163, and Freeway 805
• Steps away from Hillcrest’s vibrant dining, shopping, and nightlife scene
• Highly walkable area with excellent tenant demand
Positioned in one of San Diego’s most desirable rental markets, 3959 Normal Street provides investors with steady cash flow, strong market fundamentals, and significant appreciation potential. This property is perfectly suited to capture Hillcrest’s continued growth and enduring tenant demand.
• Centrally located near Balboa Park, Freeway 163, and Freeway 805
• Steps away from Hillcrest’s vibrant dining, shopping, and nightlife scene
• Highly walkable area with excellent tenant demand
Positioned in one of San Diego’s most desirable rental markets, 3959 Normal Street provides investors with steady cash flow, strong market fundamentals, and significant appreciation potential. This property is perfectly suited to capture Hillcrest’s continued growth and enduring tenant demand.
FINANCIAL SUMMARY (ACTUAL - 2024) 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 - 2024) 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
| Price | $4,250,000 | Building Class | C |
| Price Per Unit | $472,222 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 5,952 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1965 |
| Apartment Style | Low-Rise | Parking Ratio | 1/1,000 SF |
| Zoning | 3, San Diego - One of San Diego’s most dynamic and sought-after neighborhoods | ||
| Price | $4,250,000 |
| Price Per Unit | $472,222 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 5,952 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1965 |
| Parking Ratio | 1/1,000 SF |
| Zoning | 3, San Diego - One of San Diego’s most dynamic and sought-after neighborhoods |
AMENITIES
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | $1,810 | - |
| 2+1 | 3 | $2,134 | - |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 445-641-08 | Total Assessment | $1,803,853 (2025) |
| Land Assessment | $1,257,232 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $546,621 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
445-641-08
Land Assessment
$1,257,232 (2025)
Improvements Assessment
$546,621 (2025)
Total Assessment
$1,803,853 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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3959 Normal St
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