4030 Front St, San Diego, CA 92103

About this commercial property

Rare Hillcrest 14-unit multifamily investment with major rental upside. Located in one of San Diego’s strongest rental submarkets, this value-add opportunity includes (8) 1Bed/1Bath, (4) 2Bed/1Bath, and (2) Studios. All tenants are on month-to-month leases, offering maximum flexibility for rent increases and renovations. Current rents are below market, and new ownership can significantly increase income through targeted improvements—some of which have already been completed by the current ownership. With a current cap rate of 3.41% and a proforma cap of 6.37%, this property is ideal for investors seeking cash flow growth and long-term upside in a blue-chip location.

Listing description from the July 2025 sale, as reported to CRMLS.

Sale history

$4,150,000

Sold July 2025 · listed $4,395,000, orig. $4,495,000, on market May 2025 · MLS #250026658SD · Source: CRMLS

Listing Agent: Jason Lee · Listing Office: Nara Advisors, Inc. · Contact: 858-336-9688 · Bought with: Jason Lee · Nara Advisors, Inc.

$3,950,000

Sold December 2024 · listed $4,900,000, on market September 2024 · MLS #240022619SD · Source: CRMLS

Listing Agent: Bob Woodard · Listing Office: Berkshire Hathaway HomeServices California Properties · Contact: 619-595-7020 · Bought with: Kyle Connor · JLM Real Estate Inc

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