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3767 7th Ave , San Diego, CA 92103
$2,590,000
Est. Payment: $13,078.74/mo
6 Bed
5 Bath
3350 Sqft
Status: active | Days on site: 5
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House Description

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.
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Highlights

Listed by Conor M Brennan , 720-841-8139 Conor Brennan, Broker , San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family
Lot/Acreage
0.16

Year Built

1930

County

San Diego

Area

Metro Uptown

 Neighborhood

Hillcrest (HLCR)

Listing ID

260019147

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:6
  • ▪ Bathrooms:5
  • ▪ Full Bathrooms:5
Air Cond:Wall/Window
Fireplaces:
Other:Meter on Property

Exterior Features

Roof:Tile/Clay
Principal Interest
$13,079
Taxes
$1,651

Home Price

$2,590,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$518,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$13,078.74

Principal

Taxes

Principal Taxes HOA Total
Monthly $13,078.74 $1,651.13 $0.00 $14,729.86
Yearly $156,944.88 $19,813.50 $0.00 $176,758.38
Total $4,708,346.40 $594,405.00 $0.00 $5,302,751.40

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-08-10T20:38:14.000Z

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