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Hillcrest Multifamily Investment Opportunity
For Sale
$2,150,000

137 Pennsylvania Avenue, San Diego, CA 92103

Four updated units in a prime, walkable Hillcrest location.

Property Size2,880 SF
Price / SF$746.53
Days on Market185

Property Features for 137 Pennsylvania Avenue

General Information

Standard status Active
Size 2,880 SF
Property subtype Residential Income

Amenities

2 Story
Wall/Window
4.0
2
4
Composition
Gate
N/K
1
Wood

Building Details

Year Built 1920
Listing Agency: Apartment Realty Group (ARG)
Listed By: Caleb Mancini · License #02253641
Source: Compass
Added: Feb 20 Changed: Aug 23 Last Checked: Aug 24 at 12:14PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Apartment Realty Group (ARG)

Investment Insights

Based on property information with market context.

This property features four units in the Hillcrest neighborhood. Each of the four 1-bedroom, 1-bath units has been updated with new appliances, modern cabinets, in-unit washer/dryers, and hardwood floors. The property provides five off-street parking spaces, including a 2-car garage and three single-car garages. Located in a walkable area, the property is near University Avenue, the Hillcrest Farmers Market, cafes, restaurants, and other amenities. The property is suitable for investors seeking a stable asset with upside and owner-occupiers looking to live in a unit while leveraging rental income. The building has a total size of 2880 square feet.

Key Highlights

  • Prime Hillcrest location with a Walk Score of 95, providing immediate access to University Avenue, the Hillcrest Farmers Market, cafes, and restaurants.
  • Four updated 1‑bedroom/1‑bath units featuring new appliances, modern cabinets, in‑unit washer/dryers, and hardwood floors.
  • Favorable parking ratio with five off‑street parking spaces including a 2‑car garage and three single‑car garages.

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Food Market Grocery & Convenience Store (Bike/Boat/Book/etc) Store Daycare Center Electronics & Wireless Store Supermarket

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,371
Businesses Nearby

Demographics for 92103, CA

33,311
Population
21,363
Households
1.6
Avg Household Size
42
Median Age
63%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,003
Density / Sq Mi
$96,887
Median Household Income
$69,732
Median Earnings
$2,020
Median Rent
$986,800
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four updated units in a prime, walkable Hillcrest location.
Where is this quadplex located?
The property is located at 137 Pennsylvania Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Prime Hillcrest location with a Walk Score of 95, providing immediate access to University Avenue, the Hillcrest Farmers Market, cafes, and restaurants.; Four updated 1‑bedroom/1‑bath units featuring new appliances, modern cabinets, in‑unit washer/dryers, and hardwood floors.; Favorable parking ratio with five off‑street parking spaces including a 2‑car garage and three single‑car garages.
More about this property
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