Properties

San Diego, CA 92103 4217 3rd Avenue

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Presented By: ED Bustamante with South Bay Real Estate; ed@southbayre.net
  • MLS# PTP2601938
  • 03/11/2026
  • Get pre-approved
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  • Baths • 1
  • SQFT • 3,900

Home Details

Location, location, location, these phenomenal units in hillcrest must not be missed! 4217-21 3rd Avenue is a 5-unit multifamily property in San Diegoโ€™s rapidly developing and ever-changing Hillcrest neighborhood. Spanning over 3900 sq ft. These units feature new upgrades and laundry facilities in every unit providing added convenience for residents. The property is composed of two buildings: one 2 story fourplex and a detached single-level 2bed/1 bath home. This investment offers a rare opportunity to unlock long-term potential in a high-demand rental market. The proximity to amenities like grocery stores, restaurants, and hospitals, as well as easy access to major roadways and the beach, adds to the appeal of the location. Overall, it seems like a wonderful opportunity to enjoy the best of Hillcrest living with rental income. Donโ€™t miss this competitively priced investmentโ€”perfect for the owner, occupant or investor. Ideal property for repositioning and long-term growth.
Presented By: ED Bustamante with South Bay Real Estate; ed@southbayre.net

Interior Features for 4217 3rd Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Common Walls2+ Common Walls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesIn Kitchen
Total Stories2

Other Rooms

Entry Level1

General for 4217 3rd Avenue

Additional Parcels Y/NNo
AppliancesDryer
Building Area UnitsSquare Feet
Cap Rate3.93
CitySan Diego
Community FeaturesCurbs, Storm Drain(s), Street Lights, Suburban, Sidewalks
CountySan Diego
DirectionsFrom Washington St. make a right on 4th Ave. Make a left on Arbor Drive and a right on 3rd Ave.
Entry Location1
Garage Spaces
Garage Y/NNo
Gross Income
HOANo
HOA Fee$
Insurance Expense4600
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan, Conventional, 1031 Exchange, Owner May Carry, Private Financing Available, Submit
Lot Size Square Feet4996
Lot Size UnitsSquare Feet
MLS Area92103 - Mission Hills
Net Operating Income
New ConstructionNo
Number Of Units Total5
Number of Units Leased0
Operating Expense60138
Pool FeaturesNone
PostalCitySAN DIEGO
Property Attached Y/NYes
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax LotLots 21
Taxes$31,250
Tenant PaysParking Fee, Telephone
Total Actual Rent0
Trash Expense4800
Virtual TourClick here
Water Sewer Expense8400
Year Built1971
Year Built SourceAssessor
ZoningCommercial-Residfential

Exterior for 4217 3rd Avenue

Building Area Total3900
Lot Features0-1 Unit/Acre
Lot Size Acres0.1147
Lot Size Area4996
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking0

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,500,000
MLS#PTP2601938
List Date 03/11/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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