3725-29 4th Ave

-Irreplaceable Hillcrest, San Diego, California Location Just Blocks From Historic Balboa Park.
-Opportunity to Implement Mills Act Property Tax Savings; Potential For Designation.
-Property Has Strong History of Vacation Rental Operations With Vacation Rental Quality.
-Large 1-Bedroom & 2-Bedroom Units (approximately 560 SF – 995 SF).
-Concrete Countertops, Stainless Steel Appliances, Refinished Dark Hardwood Flooring.
-Refurbish Existing Legacy Building With Highest End Interior Upgrades For Nearly 20% Rent Growth.
-Meticulously Maintained Spanish Complex, Highly Improved Private Courtyard, Secure Gated Entry.
-Rare Trading Hillcrest Neighborhood Proximate To Park, San Diego Zoo, Museums & Downtown.

Property Description

Marcus and Millichap is pleased to present 3725-39 4th Avenue, an extremely well maintained Spanish eclectic 10-unit apartment community in the popular Hillcrest neighborhood of San Diego, California. Consisting of one 2-bedroom /1-bath units (approximately 995 SF) and nine large 1-bedroom / 1-bath units (approximately 560 SF), this property boasts one of the most coveted areas of southern California and a mix of 1940’s vintage interiors to fully renovated units. With current rents far behind of their potential, this opportunity would be ideal for the value-add investor seeking to further upgrade interiors to highest-end finishes and raise rents. This is a boutique style apartment community once operated as vacation rentals (now long-term rentals) with serious attention to detail and meticulous care from ownership. Charming units feature concrete countertops, stainless steel appliances, dual pane windows, refinished dark hardwood flooring, A/C, select units with fireplaces, patios, A/C. The exterior courtyard features lu