4217-21 3rd Avenue San Diego, CA ^$ 2,500,000

4217-21 3rd Avenue

^$ 2,500,000

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4217-21 3rd Avenue

San Diego, CA, 92103

^$ 2,500,000

Bedrooms5 Baths4.0

Monthly Estimate*

^$ 17,267

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View a Virtual Tour

Multi-Family Home for sale in San Diego, CA

for $2,500,000 with 5 bedrooms and 4 full baths. The lot size is 0.114692.

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.

Multi-Family Active

Price

^$ 2,500,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Res Income 2-4 Units

Lot Size

0.114692

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

PTP2607788

Features

General

Zoning Estimated

HOA Fee 0.0

Pool Features N/K

Year Built 0

Levels 2 Story

Property Subtype Res Income 2-4 Units

County San Diego

Operating Expense 60138.0

New Construction N

Property Type Residential Income

HOA N

Attached Garage N

Status ACTIVE

Directions From Washington St. make a right on 4th Ave. Make a left on Arbor Drive and a right on 3rd Ave.

City San Diego

Senior Community Y/N N

Number Of Units Total 5

Lot Size Units Acres

Lot Size Square Feet 4996.0

Property Attached Y/N N

Virtual Tour http://ranchophotos.com/4217-21-third-ave-2/

Building Area Units Sqft

Living Area Units Sqft

Standard Status Active

Cap Rate 3.78

Freehold IDX

Exterior

Lot Size Area 0.1147

Number of Buildings 2

Building Area Total 0.0

Waterfront Y/N N

Interior

Total Stories 2

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Half Baths 0

Total Bedrooms 5

Total Baths 4

* Excluded Features

List By

ED Bustamante

Listing Agent

South Bay Real Estate

Broker

(619) 778-4579

Phone

Affordability Calculator

$17,267

Per Month

Monthly Principal & Interest: $17,267
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% 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 ^$2,201,277

Percent of Sale Price 12%

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
10/16/2026	$2,500,000		Listed Price

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4217-21 3rd Avenue, San Diego, CA, 92103 is a Multi-Family Home for sale at $2,500,000 with a lot size of 0.114692. 4217-21 3rd Avenue has 5 bedrooms and 4.0 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 7.375% 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 10/16/2026.

CA BRE #019180026.

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4217-21 3rd Avenue

Multi-Family Home for sale in San Diego, CA

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