3621 Park Boulevard

San Diego CA 92103

8221 sq. ft.

Other

Currently for sale - view listing

Overview

We are pleased to exclusively present 3621 Park Boulevard, a 14-unit multifamily investment opportunity located in the highly desirable Hillcrest neighborhood of San Diego, adjacent to University Heights and Balboa Park. Originally constructed in 1936 as an 11-unit property, it has since been expanded with three (3) newly completed accessory dwelling units (ADUs) and benefits from recent upgrades to its major building systems. Situated on an approximately 8,221 square-foot lot with approximately 8,107 rentable square feet, the property offers investors a character-rich vintage asset with the modern amenities urban renters expect. The property features a flexible unit mix of three (3) studio / one-bath units, seven (7) one-bedroom / one-bath units and four (4) two-bedroom / one-bath units, catering to a wide range of urban renters. Ownership has completed a comprehensive capital improvement program, including upgraded plumbing, upgraded electrical with individual unit subpanels, and fire safety systems. Every unit includes an in-unit washer and dryer, and select units feature mini-split AC and new electric water heaters. The combination of 1930s architectural character and updated interiors leaves a new owner with limited near-term capital requirements. Sold separately or together as a portfolio with: 2120 Mission Avenue | 27 Units 3513-33 First Avenue | 19 Units