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About this home
3856 First Avenue offers a rare multifamily opportunity in the heart of Hillcrest, one of San Diego’s most desirable and walkable neighborhoods. The property features a house in the front with a triplex in the rear, giving the property a unique and versatile layout. The rear building includes 3 garages plus 2 additional parking spaces accessed from the alley, providing valuable off street parking. Major capital improvements have already been completed, including a brand new roof, replaced electrical and replaced plumbing. Excellent opportunity for an investor or owner user looking for a well located Hillcrest property with multiple income streams, major improvements already completed and long term upside.
Multi-familyProperty Type
1965Year Built
6,230 sq ftLot Size
$759Price/Sq.Ft.
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
Offer insights
3856 First Ave · $2,200,000
$2.2M and above
75% chance or better to win
Why $2.2M+ is a strong offer
DAYS ON MARKET
27 days
The average home goes pending in 21 days.
SALE-TO-LIST
96.4%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Central air conditioning
Bathrooms
Six full bathrooms
Heating & cooling
Central air conditioning
Exterior features
Full perimeter fencing
Composition roof
Home design
Multi-family residential income property
Two-story building
Construction
Composition roof
Other
Located in the Hillcrest subdivision
Approximately 2,900 total finished area
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
Beds
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Lot size
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
San Diego County
APN
452-043-15-00
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Last updated by owner on Aug 13, 2026.
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
Zone overlays
Community Plan Implementation Overlay - A
Transit Area Overlay Zone
Permitted uses
Include but are not limited to:
Bank
General retail
Retail-Grocery
Restaurant
Housing-Multiple units
Housing-Senior
Housing-Student
Housing-Other
Office
Medical office
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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74
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54
68
52
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 3856 First Ave
$2,143,877
$56K under list price of $2.20M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.9M to $2.4M.