4217 3rd Avenue

4217 3rd Avenue

D

San Diego, CA 92103

$2,500,000

Beds

Baths

Sqft

3,900

Year Built

1971

Days on Market

24

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

PTP2601938

Description

Location, location, location, these phenomenal units in hillcrest must not be missed! 4217-21 3rd Avenue is a 5-unit multifamily property in San Diego’s rapidly developing and ever-changing Hillcrest neighborhood. Spanning over 3900 sq ft. These units feature new upgrades and laundry facilities in every unit providing added convenience for residents. The property is composed of two buildings: one 2 story fourplex and a detached single-level 2bed/1 bath home. This investment offers a rare opportunity to unlock long-term potential in a high-demand rental market. The proximity to amenities like grocery stores, restaurants, and hospitals, as well as easy access to major roadways and the beach, adds to the appeal of the location. Overall, it seems like a wonderful opportunity to enjoy the best of Hillcrest living with rental income. Don’t miss this competitively priced investment—perfect for the owner, occupant or investor. Ideal property for repositioning and long-term growth.

Mortgage Calculator

Est. Monthly Payment

$15,871

Principal & Interest$12,641
Property Tax$2,500
Insurance$729
%($500,000)
%

Investment Score

0D
Est. Monthly Rent
$4,193
Monthly Cashflow

Rent − PITIA

$-11,677
Full Cashflow

Incl. vacancy, PM, maint, capex

$-14,725

Mortgage (P+I)
$12,641
Cap Rate
-1.00%
Cash-on-Cash
-35.34%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.26
Break-even Rent
$23,316

NOI (Annual)
$-25,005
Price-to-Rent

Lower = better for investors

49.7

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

Get Expert AnalysisOpen Full Calculator