3552 Front St San Diego, CA 92103

This exceptional San Diego investment opportunity presents a meticulously maintained three-unit apartment building situated in the desirable Hillcrest/Bankers Hill neighborhood. The property consists of two buildings totaling 2,600 square feet, built in 1940, and situated on a 0.07-acre lot (APN 4523921900). The main building features a charming one-bedroom, one-bathroom single-family residence with original hardwood floors, abundant natural light, and a private laundry area. The second building includes a two-bedroom, one-bathroom upstairs unit and a spacious one-bedroom, one-bathroom accessory dwelling unit (ADU) built in 2024, sharing a laundry facility. The property boasts a strong NOI of $71,700, resulting in a 4.16% cap rate and an asking price of $1,725,000 ($575,000 per unit and $663.46 per square foot). Zoned R-3, this property benefits from a Walk Score of 80 ("Very Walkable"), providing easy access to Balboa Park, numerous amenities, freeways, and downtown San Diego. The property's historical charm is complemented by modern conveniences, making it an ideal investment with high rental demand and potential for residential financing. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a prime San Diego location.