3956-3962 1st San Diego Ca

3956-3962 1st San Diego Ca

San Diego, CA 92103

$7,300,000
Price
3
Beds
3
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
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per Sq. Ft.
a car parked on the side of the road
an aerial view of a city
a view of a car parked in front of a building
a view of a building with a street
a front view of a house with a yard
a close up of a plant in a garden
a view of a house with balcony
a view of parking area
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a view of a street with cars

Description

We are is pleased to present 3956-3962 1st Avenue, a mixed use property located in the desirable urban neighborhood of Hillcrest in San Diego. The unit count includes 13 apartments plus two office suites. The subject consists of a 13-unit multifamily building and a 2,220 square foot office building situated on three adjacent parcels totaling approximately 0.5 acres (20,663 square feet). The current owner would prefer to sell both the apartments and office combined, but will entertain offers on each...We are is pleased to present 3956-3962 1st Avenue, a mixed use property located in the desirable urban neighborhood of Hillcrest in San Diego. The unit count includes 13 apartments plus two office suites. The subject consists of a 13-unit multifamily building and a 2,220 square foot office building situated on three adjacent parcels totaling approximately 0.5 acres (20,663 square feet). The current owner would prefer to sell both the apartments and office combined, but will entertain offers on each separately. The Buyer can assume an attractive $2.43M Chase Loan fixed at 3.92% until May 2027 on the 13-unit multifamily property located at 3960-3962 1st Avenue. The subject is strategically located in the highly walkable neighborhood of Hillcrest on First Avenue between the major east-west thoroughfares of Washington Street and University Avenue. The property has superb drive-by visibility, abundant parking and alley access. Tenants are walking distance to several restaurants, bars, coffee shops and boutique shops. Proximate to several freeways including I-5, I-8 and the 163, residents have convenient access to all major employment centers. The apartments were originally constructed in 1955 and the property is well maintained. There is opportunity for a Buyer to capitalize on a full renovation program to substantially increase rents. Alternately, the property offers a prime redevelopment opportunity. Recent updates to the City of San Diego's development regulations would permit a higher density development than the base zone allows. Call Merrick Matricardi at 858-369-3085 with any questions.
  1. Listed by Eric D Comer • DRE #00842230 • Eric D. Comer, Broker

Property Details for 3956-3962 1st San Diego Ca

City Postal ID
MISSION HILLS (92103)

Location

Listing Courtesy of Eric D. Comer, Broker, Eric D Comer, DRE #00842230
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LISTING UPDATED: 02/13/2024 07:39 PM

Property Details for 3956-3962 1st San Diego Ca

StatusActive
MLS #240003196
Days on Market77
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income
Year Built-
Lot Size-
CountySan Diego County

Location

Listing Courtesy of Eric D. Comer, Broker, Eric D Comer, DRE #00842230
Add your commute

Payment Calculator

$39,839 per month

30 year fixed, 7.25% Interest

Principal and Interest

$39,839

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3956-3962 1st San Diego Ca

Summary Information
Property and Location
  • System ID: 240003196
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 3956
  • Street Name: 1st
  • Market Area: Metro Uptown
Supplement
  • Supplement: Call Merrick Matricardi at 858-369-3085 with any questions.
Property Information
Property and Assessments
  • Entry Only: No
  • Assessors Parcel Num: 444-650-27-00
Multi Family Information
Unit 1
  • Unit Rent: 1605
  • Unit Rent Total: $1,605
  • Unit 1 Number of Bedrooms: 0
  • Unit 1 Number of Bathrooms: 1
Unit 2
  • Unit Rent: 1798
  • Unit Rent Total: $7,190
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Number of Bathrooms: 1
Unit 3
  • Unit Rent: 2184
  • Unit Rent Total: $17,470
  • Unit 3 Number of Bedrooms: 2
  • Unit 3 Number of Bathrooms: 1
Building Details
  • Age: 1955
  • Construction: Frame, Stucco
  • Have: 13 Apt Units + Office
  • Motive/Want: Cash Out
  • Parking: Spaces
  • SqFt of Improvement: 10,400

Property History for 3956-3962 1st San Diego Ca

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 3956-3962 1st San Diego Ca

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Florence Elementary School
Public - K to 5
Roosevelt International Middle School
Public - 6 to 8
Home & Hosp/Transition Support
Public - K to 12
Museum
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.

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More information about 3956-3962 1st San Diego Ca, San Diego, CA 92103

3956-3962 1st San Diego Ca is a multi-family home for sale in San Diego, CA 92103. This property was listed for sale on February 13, 2024 by Eric D. Comer, Broker, it's currently listed at $7,300,000. 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. 3956-3962 1st San Diego Ca is a 3-bed, 3-bath, multi-family home.

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Listing Courtesy of Eric D. Comer, Broker, Eric D Comer, DRE #00842230

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