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3939 7th Ave San Diego, CA 92103

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Sixteen renovated studio apartments in the heart of Hillcrest.

Type:Multifamily
Property size:
8,568 SF
Lot size:
0.13 Acres
Added:
Feb 1, 2023
Days on Market:
1170
Last Refresh:
Mar 17 at 1:15 pm

Property Features for 3939 7th Ave

General Information

Standard status
Active
Size
8,568 SF
Lot size
0.13 Acres
Property subtype
Multifamily

Building Details

Year Built
1928

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Listing Contact
Benn Vogelsang

Listing agent Benn Vogelsang License #CA DRE 01883437

Listing office NorthMarq - San Diego

Listing date Feb 1, 2023

Source Crexi

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 NorthMarq - San Diego


Overview

Hillcrest Multifamily Investment Opportunity

Located in the heart of Hillcrest, La Palma at 3939 7th Avenue is an 8,568 square foot multifamily building constructed in 1928. The property features sixteen renovated studio apartments, each approximately 500 square feet. Unit interiors include faux hardwood floors, brushed nickel fixtures, stainless steel appliances, new cabinets, quartz countertops, spacious floorplans, in-unit laundry, and full closets. The building also offers interior common hallways, rooftop storage, and onsite laundry facilities. The property is situated on a 5,697 square foot lot across from Whole Foods and blocks from Scripps Mercy Hospital and the shopping, entertainment, business, and transit options on University Avenue. The property is positioned in Hillcrest, known for its tolerance, youthfulness, culture, and diversity, as well as locally-owned businesses, including restaurants, cafés, bars, clubs, trendy thrift-stores, and other independent specialty stores. The neighborhood also contains two major hospitals and many medical offices. Hillcrest is an older neighborhood which has undergone gentrification and is considered one of the most desirable submarkets to live and own in San Diego County. Many streets are lined with trees, featuring Craftsman homes and Mid-Century modern apartment buildings. The neighborhood is bound by Mission Hills to the northwest, Bankers Hill and Balboa Park to the south, University Heights to the north, and North Park to the east. A large ridge overlooking San Diego Bay borders the neighborhood to the west. Hillcrest is part of the Uptown community planning area, which consists of the neighborhoods of Mission Hills, Hillcrest, Bankers Hill, Park West, and University Heights.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
San Diego
County
San Diego
State
California
Longitude
-117.158086
Latitude
32.749166

FAQs

What type of property is this?
Apartment building - Sixteen renovated studio apartments in the heart of Hillcrest.
Where is this apartment building located?
The property is located at 3939 7th Ave San Diego, CA.
What is the asking price?
The asking price for this property is $5,245,000.
What are key features of this property?
This property features: Assumable financing at a low 3.89% fixed rate until December 2026.; **Fully renovated units with stainless steel appliances, quartz countertops, in‑unit laundry, and modern finishes.**; **Prime Hillcrest location** across from Whole Foods and close to hospitals, shopping, dining, and transit on University Avenue.
More about this property
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