3947 3rd Avenue, San Diego, CA 92103

Property Description

3947–59 3rd Avenue is a 12-unit multifamily investment opportunity located in the highly desirable Hillcrest neighborhood of San Diego, California.? Originally constructed in 1950, the property offers classic architectural character in one of the city's most walkable and supply-constrained rental submarkets.? The 6,484 sqft property consists of (12) one-bedroom / one-bathroom units, catering to a broad tenant base and providing a straightforward, efficient layout attractive to renters.? On a 10,497 sqft lot, it is located in Complete Communities Tier 2 with an 8.0 FAR.? Situated one parcel south of Washington St and along the prominent 3rd Avenue corridor, the asset benefits from immediate proximity to Hillcrest's vibrant retail, dining, and entertainment amenities, while offering convenient access to Downtown San Diego and major employment centers.? 3947–59 3rd Avenue presents investors with the opportunity to capitalize on strong in-place rental demand with additional upside through renovations and potential high density development.?

Listing Status:

Active

Date Added:

May 14, 2026

Data Last Updated:

July 5, 2026 at 10:16PM

Listing Office:

Marcus & Millichap : 858-373-3100

Listing Agent:

Ben Sierpina : 858-775-9825

MLS ID:

260011651SD

Interior

• A/C:
• Heating: None

Exterior

• Parking: Parking spaces: 4

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_SAND
• County: San Diego

Lot

• Zoning: 4446620500

Financial

• Source: CRMLS_SAND