3830 1st Avenue 13, HILLCREST, CA

$2,600,000

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About 3830 1st Avenue 13

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.

Features of 3830 1st Avenue 13

MLS® # 240006626
Price $2,600,000
Acres 0.00
Type Lot / Land
Status ACTIVE

Community Information

Address 3830 1st Avenue 13
Area MISSION HILLS (92103)
Subdivision Hillcrest
City HILLCREST
County San Diego
State CA
Zip Code 92103

Amenities

Utilities N/K
Is Waterfront No

Additional Information

Date Listed March 7th, 2024
Days on Market 22
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMarcus & Millichap

Listing Map

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