3830 1St Ave San Diego, CA 92103
- Commercial real estate
- 6,308 SF
- 0.14 lot acres
Current Use by Public Records
- Jeff’s Professional House LLC / Contractor
Property Details for 3830 1St Ave
- Lot size
- 0.14 lot acres
- Property size
- 6,308 SF
- Property type
- Commercial real estate
- APN
- 452-043-12-00
Description
This exceptional 0.14-acre commercial land parcel in San Diego's coveted Hillcrest neighborhood presents a unique development opportunity. Priced at $2,600,000 ($412.18/sq ft), the 6,308 square foot lot (APN 452-043-12-00) is permit-ready for a 56-unit apartment complex. Plans include 16 studios averaging 380 sq ft and 40 one-bedroom/one-bathroom units ranging from 570 to 715 sq ft, totaling 37,975 sq ft (32,215 net rentable). Units will feature contemporary finishes, 9-foot ceilings, quartz countertops, full appliance packages, HVAC, and built-in storage. The property boasts a Walk Score of 97 ("Walker's Paradise"), offering unparalleled walkability to restaurants, shops, and entertainment on University and Robinson Avenues. Its proximity to Balboa Park, CA-163, Interstate 5, and major employment centers in Downtown, Mission Valley, and Kearny Mesa ensures high occupancy rates. This project offers a strong investment opportunity in a high-demand San Diego submarket, with market-rate units exempt from AB1482 rent control for 15 years. The site's prime location and innovative design promise significant rental premiums for years to come.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.164169
- Latitude
- 32.747514
