3939 7th Avenue

San Diego, CA 92103

$5,850,000
Price
Beds
1
Bath
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

La Palma at 3939 7th Avenue is a rare multifamily offering in the heart of Hillcrest. The unit mix consists of sixteen large 500 square foot studios. All units are renovated and feature faux hardwood floors, brushed nickel fixtures, stainless steel appliances, new cabinets, quartz countertops, spacious floorplans, in-unit laundry, and full closets. The 8,568 square foot building built in 1928 features interior common hallways, rooftop storage, and onsite laundry facilities. There is ASSUMABLE FINANCING...La Palma at 3939 7th Avenue is a rare multifamily offering in the heart of Hillcrest. The unit mix consists of sixteen large 500 square foot studios. All units are renovated and feature faux hardwood floors, brushed nickel fixtures, stainless steel appliances, new cabinets, quartz countertops, spacious floorplans, in-unit laundry, and full closets. The 8,568 square foot building built in 1928 features interior common hallways, rooftop storage, and onsite laundry facilities. There is ASSUMABLE FINANCING available at 3.89% fixed until December 2026. The growing rents are supplemented by utility billback income and can grow by leveling the current rents to market. The structure is situated on a 5,697 square foot lot across from Whole Foods and just blocks from Scripps Mercy Hospital and the shopping, entertainment, business, and transit on University Avenue.
  1. Listed by Benn Vogelsang • DRE #01883437 • NorthMarq Multifamily
  2. Listed by Erik M Anderson • DRE #01991182 • NorthMarq Multifamily

Property Details for 3939 7th Avenue

City Postal ID
MISSION HILLS (92103)

Location

Listing Courtesy of NorthMarq Multifamily, Benn Vogelsang, DRE #01883437; NorthMarq Multifamily, Erik M Anderson, DRE #01991182
Add your commute
LISTING UPDATED: 02/21/2024 04:21 PM

Property Details for 3939 7th Avenue

StatusActive
MLS #230002134
Days on Market448
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income
Year Built-
Lot Size0.13 AC / 5,697 SF
CountySan Diego County

Location

Listing Courtesy of NorthMarq Multifamily, Benn Vogelsang, DRE #01883437; NorthMarq Multifamily, Erik M Anderson, DRE #01991182
Add your commute

Building Information for 3939 7th Avenue

Stories-Residences-Year Built-Building Size-Lot Size0.13 AC / 5,697 SF

Payment Calculator

$35,869 per month

30 year fixed, 7.25% Interest

Principal and Interest

$31,926

Property Taxes

$3,943

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3939 7th Avenue

Summary Information
Property and Location
  • System ID: 230002134
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 3939
  • Street Name: 7th Avenue
  • Market Area: Metro Uptown
Interior and Exterior Features
Interior Features
  • Num of Units w/Dishwashers: 16
Property Information
Property and Assessments
  • Entry Only: No
  • Assessors Parcel Num: 444-683-04-00
Multi Family Information
Unit 1
  • Unit Rent: 1929
  • Unit Rent Total: $30,864
  • Unit 1 Number of Bedrooms: 0
  • Unit 1 Number of Bathrooms: 1
Building Details
  • Age: 1928
  • Have: Units
  • Motive/Want: 1031
  • SqFt of Improvement: 8,568
  • Tenant Pays Electric: Y
  • Tenant Pays Gas: Y
  • Tenant Pays Water: Y

Property History for 3939 7th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3939 7th Avenue

Taxable ValueLand$2,734,114Additions$1,120,987Total$3,855,101
Tax Record2023$47,311 ($3,943 / month)
Home Facts
Total Finished SqFt8,568 SqFtAbove Grade Finished SqFt8,568 SqFtLot Size5,633 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningCOMMERCIALCountySAN DIEGOAPN444-683-04-00

Schools near 3939 7th Avenue

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - K to 12
Charter - K to 8
Rating
School
Distance
Florence Elementary School
PublicK to 5

Roosevelt International Middle School
Public6 to 8

Home & Hosp/Transition Support
PublicK to 12

Museum
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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3939 7th Avenue is a multi-family home for sale in San Diego, CA 92103. This property was listed for sale on January 31, 2023 by NorthMarq Multifamily, it's currently listed at $5,850,000. It has been on the market for a total of 448 days and was last sold on May 3, 2018. This listing's school district is San Diego Unified School District. Nearby schools include Florence Elementary School, Roosevelt International Middle School and Home & Hosp/Transition Support. 3939 7th Avenue is a 0-bed, 1-bath, multi-family home.

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Listing Courtesy of NorthMarq Multifamily, Benn Vogelsang, DRE #01883437; NorthMarq Multifamily, Erik M Anderson, DRE #01991182

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