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    3525 Indiana St San Diego, CA 92103

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    For Sale
    $18,000,000

    23-unit complex in San Diego's Hillcrest neighborhood with assumable loan.

    Lot size:
    0.55 Acres

    Property Features for 3525 Indiana St

    General Information

    Lot size
    0.55 Acres

    Source: South Coast Commercial, Inc. Agent Brendan Flynn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hillcrest Multifamily Property with HUD Loan

    The Indiana is a 23-unit complex located in San Diego's Hillcrest neighborhood. The property features a unit mix of oversized 1- and 2-bedroom units in the form of cottages and townhomes. Interior amenities include wood flooring, cabinetry, counters, fixtures and appliances, as well as in-unit washer/dryers. Many of the units have sizable balconies. This property presents the opportunity for long-term positive leverage. The property has an assumable HUD Loan fixed at 2.5% through 2057. The construction and interior finishes are designed to ensure low maintenance and management for the long term. Hillcrest is one of the strongest rental markets in San Diego County with very little vacancy and continued rental growth projected.
    Location Intelligence

    Current Use by Public Records

    The Indiana Apartments Apartment Complex WRIGHT Management Inc. Business Management Consultant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.1456782
    Latitude
    32.7430113

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    FAQs

    What type of property is this?
    Apartment building - 23-unit complex in San Diego's Hillcrest neighborhood with assumable loan.
    Where is this apartment building located?
    The property is located at 3525 Indiana St San Diego, CA.
    What is the asking price?
    The asking price for this property is $18,000,000.
    What are key features of this property?
    This property features: - Assumable HUD Loan fixed at 2.5% through 2057; - Located in San Diego's Hillcrest neighborhood (strong rental market); - 23 Unit complex of oversized 1- & 2-bedroom cottages and townhomes
    (339) 222-3361
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    3525 Indiana St San Diego, CA 92103
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    San Diego, CA 92103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3525 Indiana St San Diego, CA 92103
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