3552 Front St
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3552 Front St
3 Unit Apartment Building $1,725,000 ($575,000/Unit) 4.16% Cap Rate San Diego, CA 92103
Investment Highlights
- Qualifies for residential financing
- 2,600 SF building with 3 units
- Walk Score of 80 - "Very Walkable - Most errands can be accomplished on foot."
- ADU Built 2024
- High rental demand area
- Historical charm with modern conveniences
Executive Summary
Presenting three units in the sought-after Hillcrest/Bankers Hill neighborhood of San Diego. This
meticulously maintained property comprises two buildings spanning 2,600 SF. The front building boasts a
detached 1 bed/1 bath SFR with tons of natural light, original hardwood floors and private laundry. The
second building houses a 2 bed/1 bath upstairs unit, overlooking a spacious 1 bed/1 bath ADU with shared
laundry. Residents enjoy proximity to Balboa Park, an array of walkable amenities, and swift access to
freeways and Downtown. Immerse yourself in the vibrant culture of Hillcrest, surrounded by dining,
shopping, and entertainment hot spots.
meticulously maintained property comprises two buildings spanning 2,600 SF. The front building boasts a
detached 1 bed/1 bath SFR with tons of natural light, original hardwood floors and private laundry. The
second building houses a 2 bed/1 bath upstairs unit, overlooking a spacious 1 bed/1 bath ADU with shared
laundry. Residents enjoy proximity to Balboa Park, an array of walkable amenities, and swift access to
freeways and Downtown. Immerse yourself in the vibrant culture of Hillcrest, surrounded by dining,
shopping, and entertainment hot spots.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,725,000 | Building Class | C |
| Price Per Unit | $575,000 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,600 SF |
| Cap Rate | 4.16% | Average Occupancy | 0% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 0.77/1,000 SF |
| Apartment Style | Garden |
| Price | $1,725,000 |
| Price Per Unit | $575,000 |
| Sale Type | Investment |
| Cap Rate | 4.16% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,600 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1940 |
| Parking Ratio | 0.77/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $2,750 | 750 - 850 |
| 2+1 | 1 | $3,300 | 1,000 |
1 of 1
Walk Score ®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 452-392-19 | Total Assessment | $1,508,580 (2024) |
| Land Assessment | $1,144,440 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $364,140 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
452-392-19
Land Assessment
$1,144,440 (2024)
Improvements Assessment
$364,140 (2024)
Total Assessment
$1,508,580 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | R3 (Multi-family R3 multiple San Diego Complete Communities Housing Solutions! FAR 8.0) |
| R3 (Multi-family R3 multiple San Diego Complete Communities Housing Solutions! FAR 8.0) |
-
Bill Anderson -
Nic Lyon -
Diana Peters -
ACRE Investment Real Estate Services
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3552 Front St
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