Hillcrest Retail/Restaurant/Office Building For
3681 Fifth Ave San Diego, CA 92103
3681 Fifth Ave, San Diego, CA, 92103
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For Sale
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Two-story, renovated retail building with outdoor patio in Hillcrest.
Property Size3,214 SF
Lot Size0.11 Acres
Price / SF$824.52
Days on Market1851
Property Features for 3681 Fifth Ave
General Information
- Standard status
- Active
- Size
- 3,214 SF
- Lot size
- 0.11 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1920
Listing Agency
Pacific Coast Commercial
(619) 379-3337
Listed by
Michael Glickstein · License #CA 01075370
Source
Crexi
Added: Jun 23, 2021 Checked: Jul 16 at 6:44 am
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 two-story, freestanding retail building, constructed in 1920 with a wood frame, offers 3,214 square feet of space, complemented by an additional 887 square feet of outdoor patio dining. Situated on approximately 4,792 square feet of land, the property was fully renovated in 2015 and includes upgraded A/C units. The building is fully sprinklered and ADA compliant. Located in the heart of Hillcrest, with frontage on Fifth Avenue between Pennsylvania Avenue and Anderson Place, the property is within walking distance of urban San Diego's dining and entertainment options. This presents an opportunity to own a retail, restaurant, or office property in the Hillcrest community.
Key Highlights
- Prime location in the heart of Hillcrest, San Diego, offering walkability to dining and entertainment.
- Freestanding two‑story retail building with 3,214 square feet of interior space.
- Includes an additional 887 square feet of outdoor patio dining space.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.7k | $36.00 |
| − Vacancy | −$4.9k | −$1.52 |
| EGI | $110.8k | $34.48 |
| − OpEx | −$33.2k | −$10.35 |
| NOI | $77.6k | $24.14 |
3,214 SF · lease $36.00/SF/yr · vacancy 4.21% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.11M
$969.8K – $1.29M
NOI $77,583 @ 7.0% cap · market cap 2.93%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,861 @ 7.0% cap · market cap 3.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Two-story, renovated retail building with outdoor patio in Hillcrest.
Where is this retail space located?
The property is located at 3681 Fifth Ave San Diego, CA.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: Prime location in the heart of Hillcrest, San Diego, offering walkability to dining and entertainment.; Freestanding two‑story retail building with 3,214 square feet of interior space.; Includes an additional **887 square feet of outdoor patio dining space**.
