3947 3rd Ave San Diego, CA 92103

Listing agency Marcus & Millichap r***@marcusmillichap.com Show Phone

Listed by Raymond Choi · License #01297138 Show Phone

Source Elliman

Added: Jun 4 Updated: Jul 10 at 1:52PM Checked: Jul 22 at 8:05AM

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Investment Insights

Based on property information with market context.

3947-3959 3rd Avenue is a 12-unit multifamily property originally constructed in 1950. The building totals 6,484 square feet and is configured as (12) one-bedroom, one-bathroom units, offering a consistent, straightforward layout across the asset. The property sits on a 10,497 square foot lot and is identified in the Complete Communities program as Tier 2 with an 8.0 FAR.

The site is positioned one parcel south of Washington Street along the 3rd Avenue corridor in Hillcrest. WalkScore is 97, bikeScore is 77, and transitScore is 52, indicating strong pedestrian and bike accessibility along with good transit connectivity.

For buyers or operators, the uniform one-bedroom mix can simplify leasing and tenant turnover planning. The Complete Communities Tier 2 designation and 8.0 FAR provide an additional planning consideration for future development or repositioning strategies, subject to required approvals.

Key Highlights

• 12‑unit multifamily property with twelve 1 bed / 1 bath units
• 6,484 SF building on a 10,497 SF lot
• Originally constructed in 1950

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FAQs

What type of property is this?

Apartment building - Well-located 12-unit apartment property with efficient one-bedroom layouts and development potential under Complete Communities Tier 2.

Where is this apartment building located?

The property is located at 3947 3rd Ave San Diego, CA.

What is the asking price?

The asking price for this property is $3,870,000.

What are key features of this property?

This property features: 12‑unit multifamily property with twelve 1 bed / 1 bath units; 6,484 SF building on a 10,497 SF lot; Originally constructed in 1950