3767 7th Avenue, San Diego, CA 92103
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
3767 7th Avenue,San Diego, CA 92103
$2,590,000
- 6 Beds
- 5 Baths
- 3,350 sq. ft.
- Multi-family
- Active
Listed by: conor m brennan
Office: conor brennan, broker
MLS#:260019147
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,590,000
- Price per sq. ft.:$773.13
About this home
We are pleased to exclusively present for sale 3767 7th Avenue, an exceptionally restored Spanish-style multifamily investment located in the heart of Hillcrest, one of San Diego’s most desirable and supply-constrained urban neighborhoods. Combining stabilized in-place cash flow with fully entitled expansion potential, the offering presents a rare opportunity to acquire a trophy-quality asset featuring immediate development upside. The property currently consists of four legal apartment units and one non-conforming one-bedroom unit, while approved plans allow a purchaser to immediately commence construction of nine additional apartment units and legalize the existing non-conforming residence, resulting in a 14-unit apartment community upon completion. Originally constructed in 1930, the property has undergone an extensive, condo-quality restoration over recent years, preserving its timeless Spanish architecture while incorporating modern luxury finishes throughout. The existing improvements comprise approximately 3,910 rentable square feet and include a highly desirable unit mix consisting of one (1) 2-bedroom / 2-bath townhome (±1,200 SF), two (2) 2-bedroom / 1-bath residences (±875 SF each), one (1) studio (±400 SF), and one (1) non-conforming 1-bedroom / 1-bath unit (±560 SF) converted from a former laundry facility. The property currently generates approximately $167,200 in annual gross income, providing investors with meaningful in-place cash flow while preparing for immediate vertical expansion....
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Home facts
- Year built:1930
- Subdivision & Development:Hillcrest (HLCR)
- Listing ID #:260019147
- Added:2 day(s) ago
- Updated:August 08, 2026 at 02:39 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Full bathrooms:5
- Living area:3,350 sq. ft.
Heating and cooling
- Cooling:Wall/Window
- Heating:Wall/Gravity
Structure and exterior
- Roof:Tile/Clay
- Year built:1930
- Building area:3,350 sq. ft.
- Construction Materials:Wood/Stucco
- Levels:3 Story
Utilities
- Water:Meter on Property
- Sewer:Sewer Connected
Finances and disclosures
- Price:$2,590,000
- Price per sq. ft.:$773.13
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