Five-Unit Apartment
For Sale
$1,550,000
3967-69 8th, San Diego, CA 92103
Residential Income, San Diego, CA
Property Size3,600 SF
Lot Size0.10 Acres
Price / SF$430.56
Days on Market383
Property Features for 3967-69 8th
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bedroom 3, Bedroom 4, Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 3, Bathroom 5, Bedroom 2
Parking
4
Subdivision
MISSION HILLS (92103)
Standard status
Active
APN
444-690-05-00
Size
3,600 SF
Lot size
0.10 Acres
Utilities
Heating system
Central, Natural Gas, Forced Air
Building Details
Floors in Building
2
Number of units
5
Flooring type
Wood
Roof type
Composition
Listing Agency:
Hacienda Realty
(619) 224-6873
Listed By:
Christamaria E Ormsby · License #01414321
(619) 417-4493
Added: Oct 7, 2025
Changed: Oct 17
Last Checked: Oct 24 at 6:06PM
MLS# 250040977
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This Hillcrest apartment property comprises two buildings totaling 3,600 square feet on a 0.1019-acre site. The unit mix includes two studios, two one-bedroom apartments, and one two-bedroom home. Interior features include wood flooring, while building systems include central forced-air heating fueled by natural gas. The roofs are composition shingle.
The property is located at 3967-69 8th in San Diego, one block from Whole Foods, Better Buzz, shops, and dining. Adjoining parcels 444-690-03-00 and 444-690-04-00 are also available for purchase, with the source information identifying potential for a larger complex of up to 160 units. The existing configuration provides five residential units across two structures.
The property is located at 3967-69 8th in San Diego, one block from Whole Foods, Better Buzz, shops, and dining. Adjoining parcels 444-690-03-00 and 444-690-04-00 are also available for purchase, with the source information identifying potential for a larger complex of up to 160 units. The existing configuration provides five residential units across two structures.
Key Highlights
- Two buildings with five residential units
- Unit mix: 2 studios, 2 one‑bedroom units, and 1 two‑bedroom home
- 3,600 square feet on a 0.1019‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,501
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,020
$1.2M
Cap Rate 7%
$850,014
$850.0K
Cap Rate 9%
$661,122
$661.1K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$114.5K $31.80/SF
− Vacancy
−$6.3K −$1.75/SF
EGI
$108.2K $30.05/SF
− OpEx
−$48.7K −$13.52/SF
NOI
$59.5K $16.53/SF
Area
San Diego, CA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,190,020
Cap Rate 7%
$850,014
Cap Rate 9%
$661,122
Alternative Uses
Best Use
Apartment 5plus
$850.0K
$743.8K – $991.7K
NOI $59,501 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,533 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
7,070
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two structures in Hillcrest offer a varied unit mix near Whole Foods, shops, dining, and neighborhood coffee service.
Where is this apartment building located?
The property is located at 3967-69 8th San Diego, CA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Two buildings with five residential units; Unit mix: 2 studios, 2 one‑bedroom units, and 1 two‑bedroom home; 3,600 square feet on a 0.1019‑acre lot
