San Diego, CA 92103 4209 15 3rd Avenue

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Presented By: ED Bustamante with South Bay Real Estate; ed@southbayre.net
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PTP2504029
  • 06/01/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 8
  • Baths • 4
  • SQFT • 2,900

Home Details

Rare multi-unit investment opportunity in an unbeatable location! True owner occupant opportunity. This property is ideal for owner-occupancy and an excellent investment for someone looking to live in a central neighborhood in San Diego. For the first time in generations, this exceptional 4-unit property is available--a truly rare find in one of San Diego's most sought-after locations. This property offers the perfect blend of charm, convenience, and income potential. All units are 2-bedroom, 1-bath. A perfect opportunity for an owner-occupant looking to have his/her cake and eat it too. This beautiful 2-bedroom 1 bath 4-unit property offers great financing flexibility and investment potential for the season investors looking for replacement property under a 1031 exchange or owner-occupied buyer to live in one and rent the other 3 units. Tenants enjoy close proximity and being steps away from world class restaurants and entertainment. This property is one of 2 properties in a portfolio being offered for sale. Each property can be purchased on an individual basis. Don’t miss this fantastic opportunity to acquire a value-add coastal asset with healthy current income and development potential in one of San Diego’s most desirable residential submarkets!
Presented By: ED Bustamante with South Bay Real Estate; ed@southbayre.net

Interior Features for 4209 15 3rd Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea, ElectricDryerHookup, GasDryerHookup
Total Stories2

Other Rooms

Entry Level1

General for 4209 15 3rd Avenue

Additional Parcels Y/NNo
AppliancesDryer
Attached Garage No
Cap Rate2.2
Carport Y/NNo
CitySan Diego
Community FeaturesStreetLights, Suburban, Sidewalks
CountySan Diego
DirectionsFrom Washington St. make a right on 4th Ave. Make a left on Arbor Drive and a right on 3rd Ave.
Electric On Property Y/NNo
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income8750.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense75.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, Exchange1031, FHA, FreddieMac, VaLoan
Lot Size Square Feet5000.0
Lot Size UnitsSquareFeet
MLS Area92103 - Mission Hills
MobileHomeRemainsYNNo
Net Operating Income4115.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces4.0
Operating Expense4115.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot4447201900
Taxes$1,744
Total Actual Rent8750.0
Trash Expense80.0
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense120.0
Year Built1971
Year Built SourceEstimated
ZoningRM3-9

Exterior for 4209 15 3rd Avenue

Building Area Total2900.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel, StreetLevel
Lot Size Acres0.1148
Lot Size Area5000.0
Lot Size SourceEstimated
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters0
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking4.0
WaterfrontY/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,100,000
MLS#PTP2504029
List Date 06/01/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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