4217-21 3rd Avenue
San Diego, CA 92103
$2,500,000
Easy to show and ready to sell. Four units are currently vacant and have been freshly renovated, offering immediate lease-up potential. An ideal opportunity for investors seeking a property suitable for a 1031 tax-deferred exchange. These newly renovated units in Hillcrest are not to be missed. Located at 421721 3rd Avenue, this five-unit multifamily property is situated in San Diegos rapidly evolving Hillcrest neighborhood and spans more than 3,900 square feet. Each unit features recent upgrades and in-unit laundry facilities, providing added convenience for residents. The property consists of two buildings: a two-story fourplex and a detached, single-level two-bedroom, one-bath home. This competitively priced investment presents a rare opportunity for an owner-occupant or investor to capitalize on long-term growth in a high-demand rental market. Its proximity to grocery stores, restaurants, hospitals, major roadways, and the beach further enhances its appeal. Enjoy the best of Hillcrest living while generating rental income, with excellent potential for repositioning and long-term appreciation.
| Listing Id: | PTP2607788 |
|---|---|
| List Price: | $2,500,000 |
| Property Type: | Residential Income |
| Property Sub Type: | Res Income 2-4 Units |
| Status: | Active |
| Bedrooms Total: | 5 |
| Bathrooms Full: | 4 |
| Association Fee: | $0 |
| Lot Size Square Feet: | 4,996.0 |
| Waterfront?: | No |
| City: | San Diego |
| County Or Parish: | San Diego |
| Postal Code: | 92103 |
| Year Built: | 0 |
| Number Of Units Total: | 5 |
| Basement: | false |
| Bathrooms Total Integer: | 4 |
| Building Area Units: | Sqft |
| Feed Types: | IDX |
| Directions: | From Washington St. make a right on 4th Ave. Make a left on Arbor Drive and a right on 3rd Ave. |
| Levels: | 2 Story |
| Living Area Units: | Sqft |
| Lot Size Area: | 0.1147 |
| Lot Size Units: | Acres |
| Parcel Number: | 4447201800 |
| Photos Change Timestamp: | 2026-10-16T12:58:54Z |
| Pool Features: | N/K |
| State Or Province: | CA |
| Stories Total: | 2 |
| Zoning: | Estimated |
| Sdmls Neighborhood: | Hillcrest |
| Sdmls Area Zip: | MISSION HILLS (92103) |
| Original List Price: | $2,500,000 |
| Sale Or Rent: | For Sale |
| Sdmls Status Detail: | 0 |
| Showing Instructions: | Contact Listing Agent. |
| Site: | Curbs, Sidewalks |
| Listing Terms: | Cash, Conventional, Exchange |
| Sdmls Unit Numfor Unit1: | 0 |
| Sdmls Unit Numfor Unit2: | 1 |
| Sdmls Unit Numfor Unit3: | 2 |
| Sdmls Unit Numfor Unit4: | 3 |
| Operating Expense: | $60,138 |
| Sdmls Cfd Mello Roos Fee Reflct: | Year |
| Assessments: | N/K |
| Gross Scheduled Income: | $154,800 |
| Number Of Buildings: | 2 |
| Sdmls Mt: | 1 |
| Sdmls Geo Update Timestamp: | 2026-10-16T12:11:55.1 |
| Sdmls Full Address: | 4217-21 3rd Avenue |
| Sdmls Unit1 Beds: | 2.0 |
| Sdmls Unit2 Beds: | 1.0 |
| Sdmls Unit3 Beds: | 1.0 |
| Sdmls Unit4 Beds: | 1.0 |
| Sdmls Lot Size: | 4, 000-7, 499 SF |
| Sdmls Supplement Remarks: | Easy to show and ready to sell. Four units are currently vacant and have been freshly renovated, offering immediate lease-up potential. An ideal opportunity for investors seeking a property suitable for a 1031 tax-deferred exchange. These newly renovated units in Hillcrest are not to be missed. Located at 421721 3rd Avenue, this five-unit multifamily property is situated in San Diegos rapidly evolving Hillcrest neighborhood and spans more than 3, 900 square feet. Each unit features recent upgrades and in-unit laundry facilities, providing added convenience for residents. The property consists of two buildings: a two-story fourplex and a detached, single-level two-bedroom, one-bath home. This competitively priced investment presents a rare opportunity for an owner-occupant or investor to capitalize on long-term growth in a high-demand rental market. Its proximity to grocery stores, restaurants, hospitals, major roadways, and the beach further enhances its appeal. Enjoy the best of Hillcrest living while generating rental income, with excellent potential for repositioning and long-term appreciation. |
| On Market Date: | 2026-10-16 |
Listing Courtesy of: South Bay Real Estate
Listing Agent: ED Bustamante
619-778-4579
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© 2026 San Diego MLS.
San Diego MLS data last updated on October 21, 2026 08:41 AM - PT.
Property Last Updated: October 21, 2026 08:41 AM - PT
