3776 Villa Ter, San Diego, CA 92104

About this commercial property

9-Unit value add opportunity in premium location of North Park. Situated only one block south of University Avenue, the property is within walking distance to all the best North Park has to offer. Three blocks south of the property is San Diego’s world famous 1,200 acre Balboa Park. Built in 1962, the large units consists of a mix of (1) two bedroom / one bathroom unit, (7) one bedroom / one bathroom units and (1) studio unit. Attractive tenant offerings include: secure gated entry, on-site laundry, five open and four tuck-under parking spaces with tandem spots behind those. The tuck-under parking combined with the storage areas may potentially be converted to ADUs based on CA density bonus law. There are also several medium to large storage areas which may potentially add to existing unit’s bedroom counts.

Listing description from the August 2024 sale, as reported to CRMLS.

Sale history

$2,980,000

Sold August 2024 · listed $3,000,000, on market May 2024 · MLS #240011466SD · Source: CRMLS

Listing Agent: Gregory Gardner · Listing Office: HomeSmart Realty West · Contact: 760-607-5900 · Bought with: Thomas McCartin · Marcus & Millichap

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