12-Unit Multifamily
For Sale
$3,870,000
3947-59 Third Ave, San Diego, CA 92103
12 one-bedroom, one-bath units in a 1950-built multifamily building.
Property Size6,484 SF
Lot Size0.24 Acres
Price / SF$596.85
Days on Market118
Property Features for 3947-59 Third Ave
General Information
Standard status
Active
Size
6,484 SF
Lot size
0.24 Acres
Property subtype
Multifamily
Additional Details
Multifamily Units
12
Amenities
?Ideal Hillcrest Location - One Parcel South of Washington Street
?First Time Ever on Market?
Classical Architecture with Excellent Curb Appeal
Value-Add Opportunity with 25% Renovation Upside
Building Details
Building Size
6,484 SF
Year Built
1950
Units
12
Tenancy
Multi
Listing Agency:
Marcus & Millichap; 858-775-9825
Listed By:
Ben Sierpina · License #License(s): CA: 02062416
(858) 373-3215
Source:
Marcusmillichap
Added: May 15
Changed: Sep 8
Last Checked: Aug 10 at 9:42AM
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 Marcus & Millichap; 858-775-9825
Investment Insights
Based on property information with market context.
3947–59 3rd Avenue is a 12-unit multifamily property originally constructed in 1950. The building comprises (12) one-bedroom and one-bathroom units arranged in an efficient, repeatable layout. Total building size is approximately 6,484 square feet on a 10,497 square foot lot.
The property is located in San Diego’s Hillcrest neighborhood, one parcel south of Washington St and along the 3rd Avenue corridor. The site is designated under Complete Communities Tier 2 with an 8.0 FAR.
Offered as a multifamily investment, the presentation highlights potential for interior renovations and consideration of higher-density development based on the property’s governing framework.
The property is located in San Diego’s Hillcrest neighborhood, one parcel south of Washington St and along the 3rd Avenue corridor. The site is designated under Complete Communities Tier 2 with an 8.0 FAR.
Offered as a multifamily investment, the presentation highlights potential for interior renovations and consideration of higher-density development based on the property’s governing framework.
Key Highlights
- 12‑unit multifamily property with (12) 1‑bedroom, 1‑bath units
- 6,484 sqft building in a 1950 construction, 2‑story layout
- 3 buildings on a 10,497 sqft lot
Property Analytics
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,651
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 12 one-bedroom, one-bath units in a 1950-built multifamily building.
Where is this apartment building located?
The property is located at 3947-59 Third 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 (12) 1‑bedroom, 1‑bath units; 6,484 sqft building in a 1950 construction, 2‑story layout; 3 buildings on a 10,497 sqft lot
