4015 Richmond St, San Diego, CA 92103

Property Description

MASSIVE PRICE REDUCTION | 19-Unit Hillcrest New Construction | Now Below Replacement Cost Presenting The Richmond! Newly built 19-units (2025) in the heart of Hillcrest, featuring studios, 1BRs, and 2BRs averaging 597 SF, most with balconies. A recent rent comps survey indicates current rents are 20% below market, presenting an investor with the opportunity to unlock hidden value and achieve higher returns with minimal capital investment. The property is also exempt from AB 1482 rent caps through at least 2040, providing flexibility to capture market rent growth. Units include in-unit W/D, premium cabinetry, quartz counters, stainless steel appliances, triple-pane windows, and dishwashers in all but three units. Central HVAC ensures year-round comfort. Community features: secured subterranean parking (6 standard + 1 ADA), roof-mounted 17.3 kW solar. Built with wood-frame over podium construction, the property enjoys unmatched proximity to Balboa Park, UCSD Medical Center, Scripps Mercy, Downtown, and the airport. With strong demographics, high renter demand, and limited supply, The Richmond is a rare best-in-class asset in a prime San Diego location.

Listing Status:

Active

Date Added:

September 13, 2025

Data Last Updated:

April 5, 2026 at 8:16PM

Listing Office:

ACI Apartments : 619-299-3000

Listing Agent:

Ricardo Lopez : 619-736-0201

MLS ID:

250038838SD

Interior

• A/C:
• Heating: Forced Air

Exterior

• Parking: Parking spaces: 0

Location

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

Lot

• Zoning: 4456310700

Financial

• Source: CRMLS_SAND