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3602-08 Indiana St , San Diego, CA 92103
$3,150,000
Est. Payment: $15,906.58/mo
11 Bed
8 Bath
4846 Sqft
Status: active | Days on site: 80
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House Description

Offered for the first time in over 25 years, this eight-unit multifamily asset delivers a rare combination of immediate value-add upside and long-term development potential in one of San Diego's most coveted rental submarkets. The diversified unit mix — (3) 2BD/1BA, (1) 3BD/1BA, (2) Studios, and (2) 1BD/1BA — provides a resilient, diversified income stream with rents sitting meaningfully below market. Four rear garages present a compelling ADU conversion opportunity, with the potential to add up to four additional income-producing units and materially increase the property's long-term value. A generational family hold coming to market for the first time, 3602–08 Indiana represents exactly the kind of repositioning play that rarely surfaces in this zip code. Hillcrest is San Diego's most dynamic and irreplaceable urban village, consistently registering among the lowest vacancy rates in the county. Anchored by proximity to UCSD Health and Sharp Memorial Hospital, and flanked by the cultural draw of Balboa Park, the neighborhood attracts a deep and loyal renter base of healthcare professionals, young creatives, and long-term residents who choose Hillcrest for its walkability, energy, and unmatched quality of life. University Avenue and Fifth Avenue deliver some of the city's best independent dining, retail, and nightlife steps from the front door — making this a location that practically leases itself.
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Highlights

Listed by Anthony J Mendes , 619-889-3614 The Mendes Company , 619-222-9502. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family

County

San Diego

Area

Metro Uptown

Listing ID

260012514

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:11
  • ▪ Bathrooms:8
  • ▪ Full Bathrooms:8
Floor:Slab,Wood

Exterior Features

Garage Capacity:0
Roof:Tile
Parking Features:Garages
Principal Interest
$15,907
Taxes
$2,008

Home Price

$3,150,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$630,000
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:
$15,906.58

Principal

Taxes

Principal Taxes HOA Total
Monthly $15,906.58 $2,008.13 $0.00 $17,914.70
Yearly $190,878.91 $24,097.50 $0.00 $214,976.41
Total $5,726,367.24 $722,925.00 $0.00 $6,449,292.24

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (San Diego, CA).

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.

The data relating to real estate for sale on this web site comes in part from the San Diego MLS, Inc.. Real estate listings held by brokerage firms other than Heller Real Estate Group | eXp Realty of Southern California | PLACE are marked with the IDX logo. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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

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