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$7,950,000
21 Beds ⋅ 19 Baths ⋅ 260021771 MLS ⋅ ACTIVE Status
The Richmond is a newly constructed 19 unit luxury multifamily property in the heart of Hillcrest, one of San Diego’s most desirable and supply constrained rental markets. Completed in 2025, the property features studio, one bedroom and two bedroom residences with modern finishes, in unit laundry, central heating and air conditioning, triple pane windows and private balconies in most units. Offered at $7,950,000, or approximately $418,000 per unit, The Richmond is priced well below nearby development cost benchmarks while generating approximately $545,000 in annual scheduled income and $372,000 in NOI. The property also offers approximately 11% potential rent upside and benefits from exemption from AB 1482 rent caps through at least 2040, providing significant flexibility for future rent growth. The property is steps from shopping, dining and major employment centers, including the expanding UC San Diego Health Hillcrest campus and Scripps Mercy Hospital. Hillcrest is also benefiting from major public investment, including the approximately $28 million Pride Promenade project along Normal Street, further enhancing the neighborhood’s walkability and long term appeal. New construction. Below replacement cost. Strong in place income. Rent upside. Favorable regulatory positioning. An irreplaceable Hillcrest location.

4015 Richmond, Mission Hills
$1,495,000
16601 Beds ⋅ 6640 Baths ⋅ 260021344 MLS ⋅ ACTIVE Status
Discover this remarkably maintained two-story duplex, originally built in 1933 and carefully preserved both inside and out. The updated units are currently occupied by excellent, long-term tenants, offering immediate rental income and a smooth transition for the next owner. The exterior is clean, well-kept, and presents beautifully, while the oversized lot provides ample space to garden, relax, or explore future possibilities—including the potential to add one or more ADUs in the rear. Whether you’re looking for a solid turnkey investment or a property with room to grow, this classic duplex delivers character, reliability, and opportunity. Don’t miss the chance to see everything it has to offer—schedule your private showing today!

3319-21 Columbia St, Mission Hills
$2,200,000
6 Beds ⋅ 6 Baths ⋅ 260021301 MLS ⋅ ACTIVE Status
ALL SIX UNITS DELIVERED VACANT. This six-unit, all one-bedroom, one-bath building in central San Diego (Mission Hills/University Heights corridor) gives an investor a clean slate: no existing leases to unwind, no legacy rent roll to inherit, and full control over lease-up strategy, unit renovation sequencing, and rent positioning from the first day of ownership. The property carries genuine mid-century character, including vaulted open-beam ceilings and individually metered utilities, and sits in a central, in-demand rental submarket near Hillcrest, Mission Hills, and North Park. Ideal for a value-add investor or owner-user looking to reposition a well-located asset on their own timeline. FINANCIAL DISCLOSURE - SOURCE: SELLER/OWNER RECORDS. Property has been owned and occupied by a nonprofit religious organization since 1993 and was never operated as a conventional rental; no rental history exists. All income figures, including Monthly Rent Total, are projections at estimated market rents. Actual expenses shown are per owner records and reflect owner-occupied usage; gas & electric reflects owner paying all six separately metered units. Property taxes are omitted from actual expenses due to owner's tax-exempt status; Projected Taxes are an estimate at reassessed value. Projected Insurance reflects a market-rate quote. Projected Maintenance is a standard allowance; owner reports no consistent maintenance expense. Projected Trash and Projected Pest Control reflect estimated market-rate service levels; owner-reported amounts pending final verification. Property management expense not included; buyer to apply own assumptions. Roof replaced approx. 2018 and four water heaters replaced approx. 2023, per seller. All figures approximate. Buyer to verify all information and rely on buyer's own investigation.

1029-33 Hayes Ave, Mission Hills
$2,599,000
6 Beds ⋅ 5 Baths ⋅ 260021248 MLS ⋅ ACTIVE Status ⋅ - BLDG.
A rare 3-unit Banker's Hill investment, available for the first time in 22 years. Designed for the live-in investor: settle into a designer-finished home while two rental units help assist with the mortgage. Also ideal for multi-generational families seeking separate yet connected living spaces under one roof. Top-floor #120 (2BR/2BA, 909sf) carries $280K in PIRCH-sourced improvements: full marble-walled gas fireplace, Liebherr/Bosch chef's kitchen with wine cooler and skylight, spa-caliber primary bath, and a private yard. Lower #112 (2BR/2BA, 1,243sf) and upper-corner #116 (2BR/1BA, 1,216sf) each add two flexible bonus rooms, renovated kitchens, Carrara marble baths, restored hardwoods, wooden shutters, AC, and bay/sunset views. Current rents $3,725/mo each on month-to-month leases; projected market gross $16,500/mo. 4 garaged spaces of which 3 are currently bundled with the units and available to unbundle for added income. Strong Airbnb upside: live in one, rent the other two short-term. Lush landscaping on a 5,236 sf lot, steps to Balboa Park, Little Italy dining, and the bay. Banker’s Hill is one of San Diego’s most sought-after uptown neighborhoods, perched on the bluff between Balboa Park and the bay with Hillcrest just to the north and Little Italy steps to the south. The 112 to 120 Redwood Street homes sit on the quieter, west-facing side of this affluent enclave, where tree-lined streets, historic Craftsman and Victorian architecture, and modern luxury builds combine to create a walkable lifestyle that’s hard to replicate anywhere else in the city. Owners here trade the typical suburban routine for morning walks through Balboa Park’s 1,200 acres of museums, gardens, and trails, evenings at neighborhood staples like Cucina Urbana and Mister A’s, and weekend strolls across the historic Spruce Street Suspension Bridge or down the hill to Little Italy’s Saturday farmers market. With sweeping views toward the bay, Coronado, and the Downtown skyline, immediate access to the I-5 and the 163, and a quick drive to the airport, Gaslamp, and the Coronado Bridge, Redwood Street delivers the rare combination buyers chase in central San Diego: a quiet residential street, an elevated city perspective, and a neighborhood that genuinely upgrades daily life.

112-120 E Redwood St, Mission Hills
$2,975,000
8 Beds ⋅ 4 Baths ⋅ 260020576 MLS ⋅ ACTIVE Status
Please to present 4209-15 3rd Avenue, a meticulously renovated four-unit multifamily property in the heart of San Diego’s electric Hillcrest neighborhood and adjacent to UCSD’s $3 billion medical campus redevelopment. Completed with a high-end, no-expense-spared renovation as of July 2026, the property consists of four spacious 2 Bedroom / 1 Bathroom units, each finished with designer-grade materials and entirely new building systems throughout. Two of the four units enjoy large private backyards, while the upper-level units feature large private balconies. Each unit is equipped with two dedicated parking spaces — eight spaces in total — a rare and valuable premium in this walkable, transit-friendly pocket of Uptown San Diego where off-street parking is scarce. With every major system replaced or upgraded — roof, HVAC, electrical, plumbing, windows, and security — 4209-15 3rd Avenue offers an investor a true turn-key opportunity in one of San Diego’s most in-demand rental submarkets, with a new construction feel and strong tenant appeal from day one.

4209-15 3rd Ave, Mission Hills
$2,200,000
6 Beds ⋅ 6 Baths ⋅ 260019782 MLS ⋅ ACTIVE Status
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.

3856 First Ave, Mission Hills
$2,590,000
6 Beds ⋅ 5 Baths ⋅ 260019147 MLS ⋅ ACTIVE Status ⋅ Complex BLDG.
We are pleased to exclusively present for sale 3767 7th Avenue, an exceptionally restored Spanish-style multifamily investment located in the heart of Hillcrest, one of San Diego’s most desirable and supply-constrained urban neighborhoods. Combining stabilized in-place cash flow with fully entitled expansion potential, the offering presents a rare opportunity to acquire a trophy-quality asset featuring immediate development upside. The property currently consists of four legal apartment units and one non-conforming one-bedroom unit, while approved plans allow a purchaser to immediately commence construction of nine additional apartment units and legalize the existing non-conforming residence, resulting in a 14-unit apartment community upon completion. Originally constructed in 1930, the property has undergone an extensive, condo-quality restoration over recent years, preserving its timeless Spanish architecture while incorporating modern luxury finishes throughout. The existing improvements comprise approximately 3,910 rentable square feet and include a highly desirable unit mix consisting of one (1) 2-bedroom / 2-bath townhome (±1,200 SF), two (2) 2-bedroom / 1-bath residences (±875 SF each), one (1) studio (±400 SF), and one (1) non-conforming 1-bedroom / 1-bath unit (±560 SF) converted from a former laundry facility. The property currently generates approximately $167,200 in annual gross income, providing investors with meaningful in-place cash flow while preparing for immediate vertical expansion. Unlike traditional development opportunities requiring years of entitlement risk, 3767 7th Avenue offers the rare advantage of approved plans already in place, allowing a buyer to move directly into construction and significantly accelerate project timelines. Upon completion of the approved improvements, investors will own a substantially larger, institutional-quality apartment community in one of San Diego’s strongest rental markets, benefiting from increased economies of scale, long-term appreciation, and enhanced operating efficiencies. An additional financing advantage further differentiates the offering. Because the property is currently legally comprised of four residential units, qualified purchasers may be eligible to obtain high loan-to-value residential financing with long-term fixed-rate terms, providing a significantly lower cost of capital than traditional commercial multifamily financing while simultaneously controlling a future development opportunity. Located in the center of Hillcrest, one of San Diego’s premier walkable neighborhoods, the property is just steps from Whole Foods Market, Balboa Park, and the area’s vibrant collection of acclaimed restaurants, cafés, nightlife, boutique retail, and employment centers. Hillcrest’s exceptional walkability, limited housing supply, and consistently strong rental demand continue to support long-term rent growth and investor confidence. Each residence has been thoughtfully renovated with luxury finishes designed to compete with newly constructed product, including fully remodeled interiors, in-unit washer and dryers, air conditioning, new stainless steel appliances, gas ranges, dishwashers, abundant natural light, and designer finishes throughout. The property also benefits from four off-street parking spaces. Utility expenses are efficiently managed through a RUBS program whereby tenants pay their own electric, gas, cable/internet service, plus $50 per resident monthly toward water, while ownership remains responsible only for trash and sewer service. 3767 7th Avenue represents a highly differentiated investment opportunity combining immediate cash flow, luxury existing improvements, entitled development potential, attractive financing advantages, and an irreplaceable Hillcrest location, a combination that is seldom available within San Diego’s multifamily market.

3767 7th Ave, Mission Hills
$3,540,000
15 Beds ⋅ 9 Baths ⋅ 260016439 MLS ⋅ ACTIVE Status
4080 Georgia Street presents the rare opportunity to acquire a well-maintained 9-unit apartment community in the heart of Hillcrest, one of San Diego’s most dynamic and consistently desirable rental markets. Constructed in 1987, the property features an attractive unit mix of six one-bedroom/one-bathroom apartments and three spacious three-bedroom/one-bathroom apartments, offering broad appeal to a diverse tenant base. The property has been exceptionally cared for and includes numerous amenities that enhance tenant satisfaction, including gated entry, on-site laundry facilities, ample off-street parking with one dedicated space per unit, and two oversized two-car garages that provide additional parking, storage, or potential supplemental income. Importantly, the Seller has implemented a strong RUBS (Ratio Utility Billing) System, allowing for reimbursement of most utilities and contract services, improving operational efficiency and supporting more predictable net operating income. Built in 1987, the property benefits from relatively newer construction compared to much of the surrounding inventory, resulting in modern building systems and mechanical components with significant remaining service life. Combined with its excellent physical condition, this translates into lower anticipated maintenance and capital expenditures for future ownership. From an investment perspective, the property offers an outstanding opportunity to increase revenue through moderate rental adjustments while maintaining strong occupancy in one of San Diego’s most supply-constrained neighborhoods.

4080 Georgia St, Mission Hills
$1,999,999
6 Beds ⋅ 3 Baths ⋅ 260015460 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.
Located on Ibis Street in highly desirable North Mission Hills, this updated triplex offers two units plus a bonus ADU (unpermitted prior to current ownership) on the lowest level. Walkable to shops, dining, and grocery stores, the property sits on a 3,990 sq ft lot with lush canyon views. Street level: 3BR/1BA, 1,085 sq ft with garage and balcony. Mid level: 2BR/1BA, 975 sq ft + den/office (not in sq ft), large deck and side yard. Lower level: 1BR/1BA, 550 sq ft (unpermitted) with patio and yard. Upgrades include new roof (2020), electrical (2018), bathroom remodel/plumbing (2017), sewer line (2012), hardwood floors (2022), new decks (2022 & 2025), and fresh exterior paint. All units feature in-unit laundry, mini-split heating/AC, and modern finishes; top unit includes a dishwasher. With strong rental demand and long-term tenants in place, this is a rare investment or owner-user opportunity near Hillcrest, Balboa Park, and downtown.

4109-4111 Ibis St, Mission Hills
$2,900,000
8 Beds ⋅ 11 Baths ⋅ 260015306 MLS ⋅ ACTIVE Status
Prime investment opportunity! High-quality, turn-key 4-plex perfectly situated on the desirable Hillcrest side of University Heights. You walk to the best Hillcrest has to offer, steps to the Pride/Normal Street Promenade! This exceptional property is a true investment jewel, featuring a luxury triplex constructed new in 2020 alongside a completely and beautifully rehabilitated classic Craftsman bungalow.The entire property is lushly and professionally landscaped, offering fantastic curb appeal. The 3 modern triplex units are bright, sunny, and spacious, each boasting a thoughtful 2-bedroom, 2.5-bathroom floor plan. These units feature high-end designer kitchens and baths, central forced air conditioning, and full-sized in-unit laundry for maximum tenant comfort. For ultimate convenience and security, an automatic gate accessible via the alley opens to a large, secure parking area providing access to 3 two-car garages. Each triplex unit enjoys a private interior entrance directly from its garage. In total, the property features 7 off-street parking spaces—an incredibly valuable asset in this high-demand, growing neighborhood. The charming detached front Craftsman house is a character-rich 2-bedroom, 2-bathroom home that includes one dedicated parking space. Financial information is 2025 actual income and expenses. Additional income includes a consistent utility water and trash pass-through program. Unit 1 will be readily available for showings for the next two weeks only. Don't miss out on this pristine, low-maintenance asset in one of San Diego’s best rental markets!

4250-52 Cleveland St, Mission Hills
$2,995,000
11 Beds ⋅ 8 Baths ⋅ 260012514 MLS ⋅ ACTIVE Status
Offered for the first time in over 25 years, this eight-unit multifamily asset delivers a rare combination of immediate value-add upside and long-term development potential in one of San Diego's most coveted rental submarkets. The diversified unit mix — (3) 2BD/1BA, (1) 3BD/1BA, (2) Studios, and (2) 1BD/1BA — provides a resilient, diversified income stream with rents sitting meaningfully below market. Four rear garages present a compelling ADU conversion opportunity, with the potential to add up to four additional income-producing units and materially increase the property's long-term value. A generational family hold coming to market for the first time, 3602–08 Indiana represents exactly the kind of repositioning play that rarely surfaces in this zip code. Hillcrest is San Diego's most dynamic and irreplaceable urban village, consistently registering among the lowest vacancy rates in the county. Anchored by proximity to UCSD Health and Sharp Memorial Hospital, and flanked by the cultural draw of Balboa Park, the neighborhood attracts a deep and loyal renter base of healthcare professionals, young creatives, and long-term residents who choose Hillcrest for its walkability, energy, and unmatched quality of life. University Avenue and Fifth Avenue deliver some of the city's best independent dining, retail, and nightlife steps from the front door — making this a location that practically leases itself.

3602-08 Indiana St, Mission Hills
$1,850,000
6 Beds ⋅ 5 Baths ⋅ 260012356 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.
Welcome to 802–06 Sutter Street, a rare Mission Hills triplex with a charming detached single-family residence plus two rear cottages. Situated in a neighborhood dominated by low-density, high-end single-family homes, income properties of this caliber almost never come to market here — making this an exceptional ownership opportunity at an attainable entry point for the savvy investor or owner-occupant buyer alike. The front house — a 2-bedroom, 1.5-bath home with a private backyard — will be delivered vacant in June 2026, creating a turnkey owner-occupant opportunity. Move in, enjoy one of San Diego's most coveted addresses, and let the two rear detached cottages (2BD/1BA and 2BD/1.5BA) generate income from day one. The rear cottages offer compelling rental upside through light cosmetic renovations — think fresh finishes and updated kitchens that can meaningfully lift rents in a neighborhood where demand perennially outpaces supply. Mission Hills consistently attracts quality long-term renters & owners drawn to its walkability, character architecture, and proximity to Little Italy, Hillcrest, and Balboa Park. Looking further ahead, the site presents future ADU potential — adding a unit could maximize the land's income-generating capacity and drive significant long-term appreciation.

802-6 Sutter St, Mission Hills
$3,000,000
8 Beds ⋅ 4 Baths ⋅ 260007304 MLS ⋅ ACTIVE Status ⋅ N/A BLDG.
Presenting 801–807 Torrance Street, a rare 4-unit multifamily investment opportunity located in the highly sought-after Hillcrest/Mission Hills neighborhood of San Diego, California. Originally constructed in 1958 and extensively renovated in 2023, this well-located property sits on an expansive approximately 19,998-squarefoot lot and offers a total of ±2,688 square feet of living space. The property features a desirable and spacious unit mix consisting of (4) two-bedroom/ one-bathroom units, catering to strong rental demand from young professionals, roommates, and small families. The property was comprehensively renovated inside and out in 2023 with modern luxury finishes and in-demand amenities. All units feature dishwashers, stackable washer/dryers and mini-split A/C. Residents benefit from a quiet cul-de-sac location, private patios/balconies, and convenient off-street parking, all of which contribute to long-term tenant retention and consistent occupancy. With in place rents below market levels and clear operational upside, the asset presents a compelling value add opportunity for investors seeking to increase cash flow and overall asset value. Strategically positioned in one of San Diego’s most desirable urban neighborhoods, 801–807 Torrance Street benefits from exceptional proximity to Hillcrest’s vibrant dining, retail, and nightlife corridors, as well as nearby Mission Hills and Downtown San Diego. The property’s central location, combined with its large lot size, offers both immediate income stability and long-term redevelopment potential.

801-807 Torrance St, Mission Hills
$9,995,000
29 Beds ⋅ 29 Baths ⋅ 260006443 MLS ⋅ ACTIVE Status
Price reduced to $9,995,000. First time on the market—an exceptional and rare 21-unit, condo-quality asset in the heart of Mission Hills. This trophy investment offers immediate and substantial upside. Current rents are approximately $1,000 below market per unit, creating a clear path to increased cash flow. Positioned for a sophisticated value-add investor, the property presents multiple strategies to unlock value. These include potentially converting 16 garages into additional units (subject to approvals) or undertaking a full-scale renovation and repositioning to achieve premium market rents. Residents enjoy a highly desirable amenity package: gated entry, 15 open parking spaces, 16 garages, central AC/heat, private balconies and patios, 20 working fireplaces, elevator access, on-site laundry, and four expansive community BBQ/view decks. Ideally located at the end of Goldfinch Street in one of Mission Hills’ most sought-after pockets, this offering combines strong in-place fundamentals with long-term appreciation and exceptional rental demand—an irreplaceable opportunity to elevate income and secure a premier asset in a supply-constrained market.

4069-4077 Goldfinch, Mission Hills
$1,990,000
8 Beds ⋅ 4 Baths ⋅ 2600826 MLS ⋅ ACTIVE Status
SELLER TO ENTERTAIN ALL OFFERS !!! 2831–2837 Columbia Street offers investors a rare opportunity to acquire a four-unit apartment building in one of San Diego’s most sought-after urban neighborhoods. Perfectly positioned between Mission Hills, Bankers Hill, and Little Italy, the property delivers the ideal balance of strong in-place income, long-term appreciation, and unbeatable tenant appeal. With immediate access to Downtown San Diego, Balboa Park, the San Diego International Airport, and all major freeways, this asset combines location, lifestyle, and investment strength. The property consists of four spacious and modernized two-bedroom, one-bathroom apartments, each featuring premium in-unit amenities including its own washer/dryer and air conditioning (2 units), ensuring maximum comfort and convenience for tenants. In addition, every apartment comes with a separate oversized storage area—a highly desirable feature in this competitive rental market. Importantly, tenants are responsible for all utilities under their rental agreements, minimizing operating expenses and streamlining management for ownership. One of the most striking features of the property is its incredible, unobstructed views of Downtown San Diego and the San Diego Bay. This unique vantage point not only enhances the tenant living experience but also positions the property as a premier rental offering, creating consistently strong demand and long-term tenant retention.

2831-37 Columbia St, Mission Hills
$3,500,000
36 Beds ⋅ 36 Baths ⋅ 250030453 MLS ⋅ ACTIVE Status
Prime commercial opportunity in the heart of Hillcrest/University Heights. 4033-37 Park Blvd is a well-maintained 6 unit apartment offering strong street frontage and excellent visibility along a high-traffic corridor. Located in a vibrant, walkable neighborhood with consistent demand and close proximity to restaurants, residential developments, and public transportation. Zoned for commercial use with potential for rental income growth or future redevelopment. Convenient access to I-163, I-8, and Downtown San Diego. A rare investment opportunity in one of San Diego’s most active urban markets. Do not disturb tenants. Drive by only.

4033-37 Park, Mission Hills
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