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Luxury Low-Rise Apartment Building
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4120 Third Ave, San Diego, CA 92103

Low-rise multifamily property with 20 luxury apartment homes and gated subterranean parking.

Property Size12,373 SF
Lot Size0.22 Acres
Days on Market125

Property Features for 4120 Third Ave

General Information

Standard status Active
Size 12,373 SF
Total Parking Spaces 27
Lot size 0.22 Acres
Property subtype Multifamily

Additional Details

Multifamily Units 20

Building Details

Year Built 1988
Listing Agency: Pacific Coast Commercial
Listed By: Krista Berger · License #CA 01763777
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 4:40AM

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 Pacific Coast Commercial

Investment Insights

Based on property information with market context.

This low-rise apartment building offers 20 luxury apartment homes across (13) two-story townhouse-style units and (7) 1-story units, situated on a 0.22-acre lot. The property was built in 1988 and includes 27 gated subterranean parking spaces.

The unit mix consists of (17) one-bedroom, one-bath apartments and (3) two-bedroom, two-bath apartments. Reported rents range from $1,350 to $2,100 per month for one-bedroom units and from $2,525 to $2,700 per month for two-bedroom units.

The offering totals approximately 12,373 square feet of building area, providing a compact, dedicated apartment community configuration with on-site gated parking.

Key Highlights

  • ±12,373 SF low‑rise apartment building with 20 luxury apartment homes
  • Unit mix includes (17) 1 bed/1 bath and (3) 2 bed/2 bath units
  • Rents range from $1,350 to $2,100/month (1 bed/1 bath) and $2,525 to $2,700/month (2 bed/2 bath)

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Food Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store Daycare Center Electrical Service Storage Facility

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

20
Residential units

Location Intelligence

Trade Area within ½ mile

4,728
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
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Frequently Asked Questions

What type of property is this?
Apartment building - Low-rise multifamily property with 20 luxury apartment homes and gated subterranean parking.
Where is this apartment building located?
The property is located at 4120 Third Ave San Diego, CA.
What are key features of this property?
This property features: ±12,373 SF low‑rise apartment building with 20 luxury apartment homes; Unit mix includes (17) 1 bed/1 bath and (3) 2 bed/2 bath units; Rents range from $1,350 to $2,100/month (1 bed/1 bath) and $2,525 to $2,700/month (2 bed/2 bath)
More about this property
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