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Don Pelletier

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$ 2,600,000

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3830 1st Avenue #13 San Diego, CA 92103

UPDATED:

09/03/2024 03:17 PM

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

Subdivision Hillcrest

MLS Listing ID 240006626

HOA Y/N No

Property Description

We are pleased to present First Avenue Lofts, a fully entitled 56-unit investment opportunity located at 3830 First Avenue San Diego, CA. The First Avenue Lofts is comprised of sixteen (16) studios averaging 380 sqft each, and forty (40) one-bedroom/one-bathroom units ranging from 570 – 715 square feet. Once built, the eight-story property will be a total of 37,975 square feet (32,215 net rentable). Each apartment unit will be furnished with contemporary fixtures and finishes, coming with 9-foot ceilings, quartz countertops, full kitchen appliance packages, HVAC, built-in shelves and storage cabinetry. The subject property is located in Hillcrest, one of the most coveted locations for renters in San Diego. In and of itself, the site location is also outstanding, giving premium visibility and walkability. The property boasts a walkability score of 97 which is “a walkers paradise”. It is less than a mile from Balboa Park which offers tennis courts, public pool, baseball fields, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on University Avenue, and Robinson Avenue. Lastly, residents enjoy easy access to CA-163 and Interstate 5 and are just minutes away from San Diego’s largest employment centers including Downtown, Mission Valley, and Kearny Mesa. This property presents a unique opportunity for an investor to purchase development project in Hillcrest, one of the strongest submarkets.

Location

State CA

County San Diego

Community Hillcrest

Area Mission Hills (92103)

Building

Lot Size Range 4000-7499 SF

Others

Acceptable Financing Conventional

Listing Terms Conventional

Listed by Austin Huffman • Marcus & Millichap

Don Pelletier

Broker | License ID: 00866225

+1(858) 336-1114

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Don Pelletier

Don Pelletier

3830 1st Avenue #13 San Diego, CA 92103

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