4209 3rd Ave, San Diego, CA 92103
Commercial property
Sold May 2025
Listing Agent: Chris Blanco (DRE #01260292) · Listing Office: Berkshire Hathaway HomeServices California Properties · Contact: 619-294-3113 · Bought with: ED Bustamante · South Bay Real Estate · MLS #250019118SD · Source: CRMLS
About this commercial property
This exceptional 9-unit multi-family investment offers strong income potential with significant upside. Situated on two separate lots with independent APNs, the property consists of three buildings: four 1-bedroom, 1-bath units, four 2-bedroom, 1-bath units, and a charming stand-alone bungalow with a bonus room/spare bedroom/den, that can be used by an owner to manage the units. The majority of units have been updated. The property remains consistently occupied with stable, long-term tenants and is currently rented well below market, presenting a fantastic value-add opportunity. Ideally located on a tree-lined street in a quiet yet convenient neighborhood near UCSD Medical Center, Scripps Mercy Hospital, shopping, restaurants, and major freeways. This well-positioned asset ensures high tenant demand and long-term growth. Don’t miss out on this exceptional investment.
Listing description from the May 2025 sale, as reported to CRMLS.
Sale history