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Five-Unit Residential Income Property
For Sale
$1,550,000

3967 8th Ave, San Diego, CA 92103

Two-building 5-plex offers studios, one-bedroom, and a two-bedroom home with development expansion potential.

Property SizeContact for details
Days on Market308

Property Features for 3967 8th Ave

General Information

Standard status Active
Property subtype Commercial/Industrial

Additional Details

Multifamily Units 5
Listing Agency: Hacienda Realty
Listed By: Christamaria Ormsby · License #01414321
Source: Exitrealty
Added: Oct 10, 2025 Changed: Aug 8 Last Checked: Aug 12 at 5:55AM

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 Hacienda Realty

Investment Insights

Based on property information with market context.

This for-sale residential income property consists of two buildings totaling five units. The unit mix includes two studios, two one-bedroom units, and one two-bedroom home, providing a straightforward floorplan range for tenants seeking smaller or larger layouts. The offering also references surrounding new construction in the immediate area.

Located at 3967 8th Ave in San Diego, the property is described as being in Hillcrest and just a block from Whole Foods, with nearby shops and dining. The public remarks also indicate the possibility of purchasing adjoining parcels to support a larger development footprint.

For buyers or developers, the structure provides an income-producing 5-plex configuration while the adjoining parcels 444-690-03-00 and 444-690-04-00 may allow for expansion and development of a larger complex, potentially up to 160 units, per the provided information. The combination of a contained unit mix and adjacent development considerations makes this property worth reviewing for both end-user housing and redevelopment planning.

Key Highlights

  • Two‑building 5‑plex with 2 studios, 2 one‑bedroom units, and 1 two‑bedroom home
  • Hillcrest location just one block from Whole Foods and Better Buzz, plus nearby shops and dining
  • Potential expansion by purchasing adjoining parcels 444‑690‑03‑00 and 444‑690‑04‑00

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Food Market Daycare Center Home Appliance Store Electrical Service HVAC Service (Bike/Boat/Book/etc) Store

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

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

7,070
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?
Apartment building - Two-building 5-plex offers studios, one-bedroom, and a two-bedroom home with development expansion potential.
Where is this apartment building located?
The property is located at 3967 8th Ave 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‑building 5‑plex with 2 studios, 2 one‑bedroom units, and 1 two‑bedroom home; Hillcrest location just one block from Whole Foods and Better Buzz, plus nearby shops and dining; Potential expansion by purchasing adjoining parcels 444‑690‑03‑00 and 444‑690‑04‑00
More about this property
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