3767 7th Avenue, San Diego, CA 92103
3767 7th Avenue, San Diego, CA 92103
3767 7th Avenue, San Diego, CA 92103
3767 7th Avenue, San Diego, CA 92103
3767 7th Avenue, San Diego, CA 92103
3767 7th Avenue, San Diego, CA 92103
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Carlos Gutierrez

Carlos Gutierrez

+1(858) 864-8741
$ 2,590,000
Est. payment | /mo

6 Beds

5 Baths

7,001 Sqft Lot

Save
$ 2,590,000
Est. payment | /mo
Save

6 Beds

5 Baths

7,001 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Hillcrest (Hlcr)

MLS Listing ID 260019147

Bedrooms 6

Full Baths 5

Year Built 1930

Lot Size 7,001 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

We are pleased to exclusively present for sale 3767 7th Avenue, an exceptionally restored Spanish-style multifamily investment located in the heart of Hillcrest, one of San Diego's most desirable and supply-constrained urban neighborhoods. Combining stabilized in-place cash flow with fully entitled expansion potential, the offering presents a rare opportunity to acquire a trophy-quality asset featuring immediate development upside. The property currently consists of four legal apartment units and one non-conforming one-bedroom unit, while approved plans allow a purchaser to immediately commence construction of nine additional apartment units and legalize the existing non-conforming residence, resulting in a 14-unit apartment community upon completion. Originally constructed in 1930, the property has undergone an extensive, condo-quality restoration over recent years, preserving its timeless Spanish architecture while incorporating modern luxury finishes throughout. The existing improvements comprise approximately 3,910 rentable square feet and include a highly desirable unit mix consisting of one (1) 2-bedroom / 2-bath townhome (±1,200 SF), two (2) 2-bedroom / 1-bath residences (±875 SF each), one (1) studio (±400 SF), and one (1) non-conforming 1-bedroom / 1-bath unit (±560 SF) converted from a former laundry facility. The property currently generates approximately $167,200 in annual gross income, providing investors with meaningful in-place cash flow while preparing for immediate vertical expansion.

Location

State CA

County San Diego

Community Bbq

Area Metro Uptown

Interior

Heating Wall/Gravity

Cooling Wall/Window

Fireplace No

Exterior

Fence Gate

Utilities Available Sewer Connected

View Y/N Yes

Water Access Desc Meter on Property

Roof Type Tile/Clay

Building

Story 3

Water Meter on Property

Level or Stories 3

Others

Senior Community No

Tax ID 452-103-25-00

Acceptable Financing Conventional

Listing Terms Conventional

MLS Router / San Diego MLS
Listed by Conor M Brennan, DRE#01918598 Conor Brennan, Broker 
Nearby Locations
Carlos Gutierrez

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(858) 864-8741

carlossellssandiego@gmail.com

848 PROSPECT ST SAN DIEGO CA 92037

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3767 7th Avenue