4015 Richmond, San Diego, CA 92103

San Diego
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
4015 Richmond,San Diego, CA 92103
$7,950,000
Virtual Tour
  • 21 Beds
  • 19 Baths
  • 11,343 sq. ft.
  • Multi-family
  • Active
Listed by: ricardo d lopez ii
Office: aci apartments
MLS#:260021771
Source:San Diego MLS via CRMLS

Price summary

  • Price:$7,950,000
  • Price per sq. ft.:$700.87

About this home

The Richmond is a newly constructed 19 unit luxury multifamily property in the heart of Hillcrest, one of San Diego’s most desirable and supply constrained rental markets. Completed in 2025, the property features studio, one bedroom and two bedroom residences with modern finishes, in unit laundry, central heating and air conditioning, triple pane windows and private balconies in most units. Offered at $7,950,000, or approximately $418,000 per unit, The Richmond is priced well below nearby development cost benchmarks while generating approximately $545,000 in annual scheduled income and $372,000 in NOI. The property also offers approximately 11% potential rent upside and benefits from exemption from AB 1482 rent caps through at least 2040, providing significant flexibility for future rent growth. The property is steps from shopping, dining and major employment centers, including the expanding UC San Diego Health Hillcrest campus and Scripps Mercy Hospital. Hillcrest is also benefiting...

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Home facts

  • Listing ID #:260021771
  • Added:68 day(s) ago
  • Updated:November 12, 2026 at 04:14 PM

Rooms and interior

  • Bedrooms:21
  • Total bathrooms:19
  • Full bathrooms:19
  • Living area:11,343 sq. ft.

Heating and cooling

  • Cooling:Central Forced Air Elec
  • Heating:Central Forced Air Elec

Structure and exterior

  • Building area:11,343 sq. ft.
  • Levels:4 Story

Finances and disclosures

  • Price:$7,950,000
  • Price per sq. ft.:$700.87
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