Home | San Diego County | San Diego | 92103 | 3947-59 3rd Avenue
MLS: SD260011651 | Status: | Price: $3,870,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | – | – |
3947–59 3rd Avenue is a 12-unit multifamily investment opportunity located in the highly desirable Hillcrest neighborhood of San Diego, California.? Originally constructed in 1950, the property offers classic architectural character in one of the city's most walkable and supply-constrained rental submarkets.? The 6,484 sqft property consists of (12) one-bedroom / one-bathroom units, catering to a broad tenant base and providing a straightforward, efficient layout attractive to renters.? On a 10,497 sqft lot, it is located in Complete Communities Tier 2 with an 8.0 FAR.? Situated one parcel south of Washington St and along the prominent 3rd Avenue corridor, the asset benefits from immediate proximity to Hillcrest's vibrant retail, dining, and entertainment amenities, while offering convenient access to Downtown San Diego and major employment centers.? 3947–59 3rd Avenue presents investors with the opportunity to capitalize on strong in-place rental demand with additional upside through renovations and potential high density development.?
| Field | Value |
|---|---|
| MLS # | SD260011651 |
| MLS Source | San Diego MLS |
| Days on Site | 2 |
| Listing Agent | Co-Listing Agent |
|---|---|
| Ben Sierpina | Raymond Choi |
| Marcus & Millichap | |
| License #: 02062416 | License #: 01297138 |
| Phone: (858) 775-9825 | Phone: (858) 735-6632 |
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 12 | 12 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | – | 0/0 | – | $20,151 | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Florence Elementary School | public | K-5 | 0.10 mi | 7 |
| Grant K-8 | public | K-8 | 0.74 mi | 7 |
| Home & Hosp/Transition Support | public | K-12 | 0.90 mi | N/A |
| Birney Elementary School | public | K-5 | 0.95 mi | 10 |
| Roosevelt International Middle School | public | 6-8 | 0.99 mi | 4 |
| Alba School | public | 1,2,3,4,5,6,7,8,9,10,11,12 | 1.61 mi | 1 |
| San Diego County Community | public | K-12 | 1.68 mi | 1 |
| Hope Infant-Toddler Special Education | public | UG | 1.68 mi | N/A |
| San Diego County Rop School | public | 9-12 | 1.68 mi | N/A |
| Jefferson Elementary School | public | K-5 | 1.71 mi | 7 |
| Garfield Elementary School | public | K-5 | 1.74 mi | 7 |
| Washington Elementary School | public | K-5 | 1.76 mi | 4 |
| Twain High School | public | 7-12 | 1.87 mi | 2 |
| iHigh Virtual Academy | public | K-6 | 1.87 mi | 7 |
| Carson Elementary School | public | K-5 | 1.92 mi | 3 |
| San Diego Adult | public | UG | 1.99 mi | N/A |
| San Diego High School of Business and Leadership | public | 9-12 | 2.10 mi | 1 |
| San Diego High School | public | 9-12 | 2.10 mi | 6 |
| Nipaquay Elementary | public | K-5 | 2.13 mi | 6 |
| Garfield High School | public | 9-12 | 2.27 mi | 3 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 2265-71 Curlew St | $4,000,000 | – | – | – | |
| 2164 2nd Avenue | $4,500,000 | – | – | – | |
| 3828 Arizona St | $3,825,000 | – | – | – | |
| 4161 Arizona Street | $3,100,000 | – | – | – |
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This listing information is up-to-date as of May 14, 2026. For the most current information, please contact Ben Sierpina, (858) 775-9825.