4095 Front St 3 Unit Apartment Building $2,279,000 ($759,667/Unit) 3.68% Cap Rate San Diego, CA 92103



INVESTMENT HIGHLIGHTS
- TROPHY LOCATION - Hillcrest one of San Diego' most desirable neighborhoods. Proximity to Balboa Park, Downtown, transportation, Airport, with easy
- STRONG UNIT MIX - 3BR/1BA SFR Residence W/Parking, Detached Oversized Garage, Duplex containing (2) Spacious 2BR/1BA Renovated Furnished Units
- DEVELOPMENT UPSIDE - RM-3-9 Base Zoning, Complete Communities Tier 2 Zoning: Max 8 FAR
- CONDITION - Classic Character with modern convenience. Upgraded finishes throughout, New Roofs, upgraded plumbing and electrical. Interior & Exterior
- ATTRACTIVE AMENITIES - Laundry in all Units, Mini-split systems for efficient heating and cooling, Electrical Upgrades, Permitted Street Parking
EXECUTIVE SUMMARY
A rare find in San Diego’s vibrant Hillcrest community, this charming 3BR/1BA single-family residence blends classic character with modern convenience. Featuring original period details, built-ins, a fully functional fireplace, hardwood floors, and original interior doors, the home exudes timeless charm. Additional highlights include a dedicated laundry room, inviting front porch, private deck, and a spacious outdoor living area in the rear.
The property also includes an oversized garage, ideal for parking, a workshop, or creative space.
At the rear, a beautifully renovated duplex offers two spacious 2BR/1BA units with premium upgrades, including in-unit laundry, hardwood flooring, designer-finished kitchens, and mini-split systems for efficient heating and cooling.
Recent improvements include new roofs on all three structures, as well as electrical and plumbing upgrades throughout. Located within walking distance to UCSD Medical Center, this property has a successful track record of attracting traveling nurses. The fully furnished rear units provide an exceptional living experience, while residents enjoy easy access to Hillcrest’s renowned dining, shopping, and entertainment.
Don't miss this incredible opportunity to own an income-generating property in one of San Diego’s most desirable neighborhoods!
The property also includes an oversized garage, ideal for parking, a workshop, or creative space.
At the rear, a beautifully renovated duplex offers two spacious 2BR/1BA units with premium upgrades, including in-unit laundry, hardwood flooring, designer-finished kitchens, and mini-split systems for efficient heating and cooling.
Recent improvements include new roofs on all three structures, as well as electrical and plumbing upgrades throughout. Located within walking distance to UCSD Medical Center, this property has a successful track record of attracting traveling nurses. The fully furnished rear units provide an exceptional living experience, while residents enjoy easy access to Hillcrest’s renowned dining, shopping, and entertainment.
Don't miss this incredible opportunity to own an income-generating property in one of San Diego’s most desirable neighborhoods!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
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Gross Rental Income |
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Other Income |
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Vacancy Loss |
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Effective Gross Income |
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Net Operating Income |
$99,999
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$9.99
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PROPERTY FACTS
Price | $2,279,000 |
Price Per Unit | $759,667 |
Sale Type | Investment |
Cap Rate | 3.68% |
Gross Rent Multiplier | 18.09 |
No. Units | 3 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low-Rise |
Building Class | C |
Lot Size | 0.12 AC |
Building Size | 3,534 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1930 |
Parking Ratio | 1.13/1,000 SF |
Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Fireplace
- Microwave
- Washer/Dryer Hookup
- Ceiling Fans
- Built-In Bookshelves
- Dining Room
- Double Pane Windows
- Workshop
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
2+1 | 2 | $3,250 | 858 |
3+1 | 1 | $4,000 | 1,200 |
1 of 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
Parcel Number | 444-492-01 | Improvements Assessment | $521,624 |
Land Assessment | $964,981 | Total Assessment | $1,486,605 |