San Diego, CA 92103 4209 21 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# PTP2504032
  • 06/01/2025
  • Request Tour
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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 • 14
  • Baths • 9
  • SQFT • 6,833

Home Details

4209-21 3rd Avenue is a 9-unit multifamily property in San Diego’s rapidly developing and ever-changing Hillcrest neighborhood. Spanning over 6800 sq ft across two legal parcels, the property. A common coin operated laundry room provides added convenience for residents. Features three buildings: two 2-story fourplexes 4209-15 with 2 bed/1 bath units, 4217-19-1/2 with 1 bed/1 bath units and a detached single-level 2bed/1 bath home. With the ability to secure 30 year fixed residential financing on one parcel, this investment offers a rare opportunity to unlock long-term potential in a high-demand rental market. The two legal parcels also provide an added exit strategy, allowing an investor to sell the parcels individually if desired. Don’t miss this competitively priced investment—perfect for the owner, occupant or investor. Ideal property for repositioning and long-term growth.
Presented By: ED Bustamante with South Bay Real Estate; ed@southbayre.net

Interior Features for 4209 21 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, WasherHookup, LaundryRoom, Outside
Total Stories2

Other Rooms

Entry Level2

General for 4209 21 3rd Avenue

Additional Parcels Description4447201900
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate1.77
Carport Y/NNo
CitySan Diego
Community FeaturesCurbs, Gutters, StreetLights, Suburban
ContingencyNone
CountySan Diego
DirectionsFrom Washington St. make a right on 4th Ave. Make a left on Arbor Drive and a right on 3rd Ave.
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income17179.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense150.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional, FannieMae, FreddieMac, OwnerMayCarry, Submit
Lot Size Square Feet10000.0
Lot Size UnitsSquareFeet
MLS Area92103 - Mission Hills
MobileHomeRemainsYNNo
Net Operating Income7927.0
New ConstructionNo
Number Of Units Total9
Number of Units Leased9
Open Parking Spaces7.0
Operating Expense9252.0
Pool FeaturesNone
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot4447201800
Taxes$3,489
Total Actual Rent17179.0
Trash Expense80.0
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense120.0
Year Built1971
Year Built SourceEstimated
ZoningRM3-9

Exterior for 4209 21 3rd Avenue

Building Area Total6833.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel, StreetLevel, Walkstreet
Lot Size Acres0.2296
Lot Size Area10000.0
Lot Size SourceAppraiser
Number of Buildings3
Number of Separate Electric Meters9
Number of Separate Gas Meters9
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking7.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $4,500,000
MLS#PTP2504032
List Date 06/01/2025
Property Type Multi-Family
Phone 714.742.6515
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