Property Description

La Palma at 3939 7th Avenue is a rare multifamily offering in the heart of Hillcrest. The unit mix consists of sixteen large 500 square foot studios. All units are renovated and feature faux hardwood floors, brushed nickel fixtures, stainless steel appliances, new cabinets, quartz countertops, spacious floorplans, in-unit laundry, and full closets. The 8,568 square foot building built in 1928 features interior common hallways, rooftop storage, and onsite laundry facilities. There is ASSUMABLE FINANCING available at 3.89% fixed until December 2026. The growing rents are supplemented by utility billback income and can grow by leveling the current rents to market. The structure is situated on a 5,697 square foot lot across from Whole Foods and just blocks from Scripps Mercy Hospital and the shopping, entertainment, business, and transit on University Avenue.

Address Map
US
California
SD
San Diego
MISSION HILLS (92103)
92103
7th Avenue
3939
W118° 50' 30.8''
N32° 44' 57''
Additional Info
NorthMarq Multifamily
Benn
Vogelsang
27-10-2023 18:52:14
269
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5,697 Sqft
444-683-04-00
0
16
1928
365625
8568
3000000
30864
0
0
0
0
0
0
0
0
0
31768
0
16
2,850,000 Sqft
0 Sqft
381216.0

Commercial-res IncomeFor Sale Price $5,850,000 3939 7th Avenue, San Di

3939 7th Avenue, San Diego, California 92103

1 Bedrooms
$5,850,000
Listing ID #230002134
Basic Details
Property Type : Commercial-res Income
Listing Type : For Sale
Listing ID : 230002134
Price : $5,850,000
Bedrooms : 1
Status Category : Active
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