137 Pennsylvania Avenue San Diego, CA ^$ 2,150,000

137 Pennsylvania Avenue

^$ 2,150,000

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Recently Listed

137 Pennsylvania Avenue

San Diego, CA, 92103

^$ 2,150,000

Studio Baths1.0

Monthly Estimate*

^$ 13,238

Listed by Apartment Realty Group (ARG)

137 Pennsylvania Avenue, San Diego, CA 92103 - Image 1

137 Pennsylvania Avenue, San Diego, CA 92103 - Image 2

137 Pennsylvania Avenue, San Diego, CA 92103 - Image 3

137 Pennsylvania Avenue, San Diego, CA 92103 - Image 4

137 Pennsylvania Avenue, San Diego, CA 92103 - Image 5

137 Pennsylvania Avenue, San Diego, CA 92103 - Image 6

Studio

Multi-Family Home for sale in San Diego, CA

for $2,150,000 with 1 full bath. This home was built in 1920 on a lot size of 0.0841.

4 Units located in the heart of Hillcrest offering a rare opportunity to own a well-maintained property in one of San Diego’s most walkable and sought-after neighborhood, boasting a Walk Score of 95 and immediate access to University Avenue, the Hillcrest Farmers Market, and a wide mix of cafés, restaurants, and many other nearby amenities. The property features four large 1bedroom/1bath units, each thoughtfully updated with new appliances, modern cabinets, in-unit washer/dryers, and beautiful hardwood floors with spacious layouts. The site offers an over 1:1 unit/parking ratio with five off-street parking spaces, (1) 2-car garage, and (3) single-car garages. With an unbeatable Hillcrest location, the property appeals to both investors seeking a stable, upgraded asset with upside and owner-occupiers looking to live in a premium unit while leveraging rental income from the remaining apartments.

Multi-Family Active

Price

^$ 2,150,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.0841

Year Built

1920

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

260006490SD

Days on Market

Features

General

Cooling Wall/Window Unit(s)

Roof Composition

HOA Fee 0

Year Built 1920

Tenant Pays Electricity Gas

Stories Count 2

Levels Two

County San Diego

Net Operating Income 65371

Property Type Residential Income

Status Active

Directions CrossStreet: Pennsylvania Ave & 3rd Ave

City San Diego

Senior Community Y/N false

Number Of Units Total 4

MLS Area 92103 - Mission Hills

Lot Size Units Square Feet

Lot Size Square Feet 3665

Listing Terms Cash Conventional FHA VA Loan

Standard Status Active

Cap Rate 3.04

Interior

Total Stories 2

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Total Parking 0

Lot Size Area 3665

Park Name N/A

Number of Buildings 1

Spa false

Lot Size Acres 0.0841

* Excluded Features

List By

Apartment Realty Group (Arg)

Broker

caleb.mancini@arg1031.com

Affordability Calculator

$13,238

Per Month

Monthly Principal & Interest: $13,238
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in San Diego, CA

Average List Price ^$2,213,562

Percent of Sale Price 3%

About San Diego, CA

1,417,428 Population

15% Since 2002

^$72,408 Median Income

36.37 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/19/2026	$2,150,000		Listed Price

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137 Pennsylvania Avenue, San Diego, CA, 92103 is a Multi-Family Home for sale at $2,150,000 with a lot size of 0.0841. 137 Pennsylvania Avenue is a studio with 1.0 baths and was built in 1920. The property's zip code is 92103 which is in San Diego, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 3/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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137 Pennsylvania Avenue

Multi-Family Home for sale in San Diego, CA

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