3947-59 3rd Avenue San Diego, CA ^$ 3,870,000

3947-59 3rd Avenue

^$ 3,870,000

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Recently Listed

3947-59 3rd Avenue

San Diego, CA, 92103

^$ 3,870,000

Bedrooms12 Baths12.0 Sq 6,484

Monthly Estimate*

^$ 23,828

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Multi-Family Home for sale in San Diego, CA

for $3,870,000 with 12 bedrooms and 12 full baths. This home is 6,484 square feet.

3947–59 3rd Avenue is a 12-unit multifamily investment opportunity located in the highly desirable Hillcrest neighborhood of San Diego, California.? Originally constructed in 1950, the property offers classic architectural character in one of the city's most walkable and supply-constrained rental submarkets.? The 6,484 sqft property consists of (12) one-bedroom / one-bathroom units, catering to a broad tenant base and providing a straightforward, efficient layout attractive to renters.? On a 10,497 sqft lot, it is located in Complete Communities Tier 2 with an 8.0 FAR.? Situated one parcel south of Washington St and along the prominent 3rd Avenue corridor, the asset benefits from immediate proximity to Hillcrest's vibrant retail, dining, and entertainment amenities, while offering convenient access to Downtown San Diego and major employment centers.? 3947–59 3rd Avenue presents investors with the opportunity to capitalize on strong in-place rental demand with additional upside through renovations and potential high density development.?

Multi-Family Active

Price

^$ 3,870,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Com-Res Income

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

260011651

Features

Exterior

Total Parking 4.0

Lot Size Area 0.0

Number of Buildings 3

Building Area Total 6484.0

Waterfront Y/N N

General

Year Built 0

Stories Count 2

Property Subtype Com-Res Income

County San Diego

Operating Expense 88727.0

New Construction N

Property Type Residential Income

HOA N

Attached Garage N

Full Baths 12

Status ACTIVE

City San Diego

Senior Community Y/N N

Number Of Units Total 12

MLS Area Metro Uptown

Lot Size Units Acres

Property Attached Y/N N

Building Area Units Sqft

Living Area Units Sqft

Standard Status Active

Cap Rate 3.77

Freehold IDX

Interior

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Half Baths 0

Total Bedrooms 12

Total Baths 12

* Excluded Features

List By

Ben Sierpina

Listing Agent

Marcus & Millichap

Broker

(858) 775-9825

Phone

Affordability Calculator

$23,828

Per Month

Monthly Principal & Interest: $23,828
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

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 ^$2,200,808

Percent of Sale Price 43%

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.

281193 Elementary School

281006 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/14/2026	$3,870,000		Listed Price

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3947-59 3rd Avenue, San Diego, CA, 92103 is a Multi-Family Home for sale at $3,870,000 with 6,484 sqft. 3947-59 3rd Avenue has 12 bedrooms and 12.0 baths. 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 San Diego Multiple Listing Service, Inc.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.

Data is updated as of 5/15/2026.

CA BRE #019180026.

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3947-59 3rd Avenue

Multi-Family Home for sale in San Diego, CA

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