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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$3,150,000

Est. payment - /mo

11 Beds

8 Baths

4,846 SqFt

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Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 4,846 sqft

Price per Sqft $650

MLS Listing ID 260012514

Bedrooms 11

Full Baths 8

Property Sub-Type Com-Res Income

Property 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.

Location

State CA

County San Diego

Area Metro Uptown

Direction Google/Apple Maps

Interior

Heating Floor Furnace, Wall

Cooling None

Flooring Slab, Wood

Fireplace No

Laundry Leased

Exterior

Parking Features Garages

View Y/N No

Roof Type Tile

Building

Dwelling Type Apartment

Story 2

Others

Senior Community No

Tax ID 452-361-20-00

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Virtual Tour https://www.propertypanorama.com/instaview/snd/260012514

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Listed by Anthony J Mendes, DRE#01845642 The Mendes Company

NEARBY SCHOOL & BUSINESS

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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3602-08 Indiana Street San Diego, CA 92103