Rare opportunity to own a beautifully renovated multi family property in the heart of Hillcrest. The property features a duplex house in the front with a triplex in the back, along with three garages and two additional parking spaces accessed from the alley. Major improvements include a new roof, updated plumbing, updated electrical and high end appliances throughout, allowing a new owner to step into a truly turnkey investment. The property is fully fenced and has a proven Airbnb rental history with strong income and future reservations already in place, providing immediate cash flow potential, subject to local regulations. Whether you’re looking for a high performing investment, a long term hold or an owner occupied opportunity with additional rental income, this is a property that rarely becomes available in such a prime Hillcrest location.
Multi-familyProperty Type
$779Price/Sq.Ft.
5 spacesParking
Listed by Ali Payam Batiari•DRE #02014983• Dalton Wade, Inc.
Hillcrest, located between Balboa Park and Mission Valley, is a walkable and eclectic San Diego neighborhood with a café-lined main drag and hillside views. The neighborhood’s character concentrates around Fifth Avenue and University Avenue, where patios, indie boutiques, and late-night eateries keep the sidewalks busy. Landmark signs and early-20th-century bungalows mix with mid-century apartments along the canyons and ridgelines. Urban MO’s, The Loft at UCSD Medical Center, and Bread & Cie anchor local routines with nightlife, culture, and bakery counters. Balboa Park’s museums and trails sit just south, while Washington Street links to trolley service. A strong street-life rhythm runs from brunch to theater nights.
Provided by Walk Score and Local Logic
Property details
Exterior
Finance
Exterior features
Property listed as residential income (commercial-residential income)
Home design
Com-Res Income property type
Parking
Garage
Total of 5 parking spaces
Construction
Approximately 2,824 total building square footage
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
Permits
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Style
Multi-Family (2-4 Unit)
County
San Diego County
APN
452-043-15-00
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Last updated by owner on Oct 1, 2024.
CC-3-10
CPIOZ-A
TAOZ
Commercial-Community Zone
CC-3-10 is intended to accommodate development with a high intensity, pedestrian orientation and permits a maximum density of 1 dwelling unit for each 200 square ft of lot area
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 87° expected this year, 20 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
4 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
San Diego, CA • 92103
Average low and high temperatures (°F)
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54
68
52
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Sun exposure
86/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3852 1st Ave
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