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Investment Highlights

  • INFILL LOCATION Hillcrest/Uptown
  • REDEVELOPMENT Future density potential
  • COVERED LAND Interim income in place
  • OPTIONALITY Possible assemblage upside

Executive Summary

Highly desirable Hillcrest / Uptown submarket of San Diego, with the intent of a future redevelopment. Positioned in the heart of Hillcrest—one of San Diego’s most walkable, amenity-rich, and renter-preferred urban neighborhoods—the current property and any future residential development offers residents immediate access to employment, recreation, dining, and healthcare anchors within a compact urban footprint.
The property consists of 82 residential units across 5 buildings on approximately 3.15 acres, providing interim cash flow while offering redevelopment optionality.
Hillcrest is one of San Diego’s most supply-constrained rental markets, supported by a high renter population and anchored by major employers including UC San Diego Medical Center and Scripps Mercy Hospital. Ongoing investment in the surrounding medical campus and limited new housing deliveries continue to support long-term residential demand in the area.
Adjacent properties may also be available, creating a land assemblage opportunity of over 4 acres. Ownership retained Safdie Rabines Architects to conduct a feasibility study. This is available to review upon execution of a Confidentiality Agreement and can be discussed in depth with the Investment Sales team.

Property Facts

Sale Type Investment
No. Units 82
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 3.26 AC
Building Size 82,548 SF
Average Occupancy 96%
No. Stories 3
Year Built 1962
Parking Ratio 1/1,000 SF
Zoning RM-3-9 - Residential Multifamily

Amenities

Unit Amenities

  • Heating
  • Kitchen
  • Refrigerator
  • Tub/Shower

Site Amenities

  • Laundry Facilities
  • Pool

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 18 - 398
1+1 8 - 497 - 560
2+1 44 - 772 - 986
2+2 12 - 1,025 - 1,192
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 444-330-24
  • 444-330-26
Land Assessment
$13,239,600
Improvements Assessment
$9,282,000
Total Assessment
$22,521,600
  • Listing ID: 40026066

  • Date on Market: 4/3/2026

  • Last Updated:

  • Address: 4201 6th Ave, San Diego, CA 92103

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