3947 3rd Avenue, Mission Hills, CA 92103
- $3,770,000
- Sold Price
- $3,770,000
- List Price
- $3,870,000
- Closing Date
- Aug 18, 2026
- Status
- CLOSED
- MLS#
- 260011651SD
- Days on Market
- 41
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
3947–59 3rd Avenue is a 12-unit multifamily investment opportunity located in the highly desirable Hillcrest neighborhood of San Diego, California.? Originally constructed in 1950, the property offers classic architectural character in one of the city's most walkable and supply-constrained rental submarkets.? The 6,484 sqft property consists of (12) one-bedroom / one-bathroom units, catering to a broad tenant base and providing a straightforward, efficient layout attractive to renters.? On a 10,497 sqft lot, it is located in Complete Communities Tier 2 with an 8.0 FAR.? Situated one parcel south of Washington St and along the prominent 3rd Avenue corridor, the asset benefits from immediate proximity to Hillcrest's vibrant retail, dining, and entertainment amenities, while offering convenient access to Downtown San Diego and major employment centers.? 3947–59 3rd Avenue presents investors with the opportunity to capitalize on strong in-place rental demand with additional upside through renovations and potential high density development.?
Additional Information
- Cooling
- Yes
- Attached Structure
- Detached
- Number Of Units Total
- 12
- Gross Scheduled Income
- $241,812
- Operating Expense
- 88727
Listing courtesy of Listing Agent: Ben Sierpina (bsierpina@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Listing sold by Ben Sierpina from Marcus & Millichap
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.