Multifamily Asset in Coveted
3602-08 Indiana Street, San Diego, CA 92103
Eight-unit multifamily property with value-add and development potential.
Type:Multifamily
Property size:
4,846 SFPrice / SF:
$700/SF- Added:
- May 22, 2026
- Days on Market:
- 9
- Last Refresh:
- May 27 at 8:23 am
Property Features for 3602-08 Indiana Street
General Information
- Standard status
- Active
- Size
- 4,846 SF
- Property subtype
- Multifamily
Listing agent Anthony Mendes License #01845642
Listing office The Mendes Company
Listing date May 22, 2026
Source Crexi
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 The Mendes Company
HighLights
- Significant value‑add potential through rent increases to market rates.
- Opportunity to add up to four ADUs by converting existing garages, increasing income and property value.
- Located in highly desirable Hillcrest, known for low vacancy rates and strong renter demand.
- Diversified unit mix provides a resilient income stream.
- Prime location near UCSD Health, Sharp Memorial Hospital, Balboa Park, and vibrant dining/retail on University and Fifth Avenues.
- First time on the market in 25 years, representing a rare repositioning opportunity in the area.
Overview
Offered for the first time in over 25 years, this eight-unit multifamily asset presents a combination of immediate value-add upside and long-term development potential. The unit mix includes three 2BD/1BA units, one 3BD/1BA unit, two studios, and two 1BD/1BA units, providing a diversified income stream with rents below market value. There are four rear garages that present an ADU conversion opportunity, with the potential to add up to four additional income-producing units. The property is located in Hillcrest, an urban village with low vacancy rates. The location is near UCSD Health and Sharp Memorial Hospital, and Balboa Park. The neighborhood attracts healthcare professionals, young creatives, and long-term residents. University Avenue and Fifth Avenue offer independent dining, retail, and nightlife options.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.1465215
- Latitude
- 32.7434153
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property with value-add and development potential.
Where is this apartment building located?
The property is located at 3602-08 Indiana Street San Diego, CA.
What is the asking price?
The asking price for this property is $3,395,000.
What are key features of this property?
This property features: Significant value‑add potential through rent increases to market rates.; Opportunity to add up to four ADUs by converting existing garages, increasing income and property value.; Located in highly desirable Hillcrest, known for low vacancy rates and strong renter demand.
