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$2,590,000
6 Beds 5 Baths 260019147 MLS Complex BLDG.
We are pleased to exclusively present for sale 3767 7th Avenue, an exceptionally restored Spanish-style multifamily investment located in the heart of Hillcrest, one of San Diego’s most desirable and supply-constrained urban neighborhoods. Combining stabilized in-place cash flow with fully entitled expansion potential, the offering presents a rare opportunity to acquire a trophy-quality asset featuring immediate development upside. The property currently consists of four legal apartment units and one non-conforming one-bedroom unit, while approved plans allow a purchaser to immediately commence construction of nine additional apartment units and legalize the existing non-conforming residence, resulting in a 14-unit apartment community upon completion. Originally constructed in 1930, the property has undergone an extensive, condo-quality restoration over recent years, preserving its timeless Spanish architecture while incorporating modern luxury finishes throughout. The existing improvements comprise approximately 3,910 rentable square feet and include a highly desirable unit mix consisting of one (1) 2-bedroom / 2-bath townhome (±1,200 SF), two (2) 2-bedroom / 1-bath residences (±875 SF each), one (1) studio (±400 SF), and one (1) non-conforming 1-bedroom / 1-bath unit (±560 SF) converted from a former laundry facility. The property currently generates approximately $167,200 in annual gross income, providing investors with meaningful in-place cash flow while preparing for immediate vertical expansion. Unlike traditional development opportunities requiring years of entitlement risk, 3767 7th Avenue offers the rare advantage of approved plans already in place, allowing a buyer to move directly into construction and significantly accelerate project timelines. Upon completion of the approved improvements, investors will own a substantially larger, institutional-quality apartment community in one of San Diego’s strongest rental markets, benefiting from increased economies of scale, long-term appreciation, and enhanced operating efficiencies. An additional financing advantage further differentiates the offering. Because the property is currently legally comprised of four residential units, qualified purchasers may be eligible to obtain high loan-to-value residential financing with long-term fixed-rate terms, providing a significantly lower cost of capital than traditional commercial multifamily financing while simultaneously controlling a future development opportunity. Located in the center of Hillcrest, one of San Diego’s premier walkable neighborhoods, the property is just steps from Whole Foods Market, Balboa Park, and the area’s vibrant collection of acclaimed restaurants, cafés, nightlife, boutique retail, and employment centers. Hillcrest’s exceptional walkability, limited housing supply, and consistently strong rental demand continue to support long-term rent growth and investor confidence. Each residence has been thoughtfully renovated with luxury finishes designed to compete with newly constructed product, including fully remodeled interiors, in-unit washer and dryers, air conditioning, new stainless steel appliances, gas ranges, dishwashers, abundant natural light, and designer finishes throughout. The property also benefits from four off-street parking spaces. Utility expenses are efficiently managed through a RUBS program whereby tenants pay their own electric, gas, cable/internet service, plus $50 per resident monthly toward water, while ownership remains responsible only for trash and sewer service. 3767 7th Avenue represents a highly differentiated investment opportunity combining immediate cash flow, luxury existing improvements, entitled development potential, attractive financing advantages, and an irreplaceable Hillcrest location, a combination that is seldom available within San Diego’s multifamily market.

3767 7th Ave, Mission Hills

Listing courtesy of Listing Agent: Conor M Brennan (720-841-8139) from Listing Office: Conor Brennan, Broker.

$2,795,000
5 Beds 5 Baths PW26158475 MLS
Welcome to 3434 E. Woodbine Road, a Custom Estate Nestled on an Interior Lot Within the Exclusive Guard-Gated Hillcrest Community of Orange. This Expansive Residence Showcases Five Bedrooms, Four and a Half Bathrooms (Including a Main Floor Bedroom and One and a Half Bathrooms), Office, Loft, LVP Flooring, Newer Dual HVAC Systems, Newer Windows, Newer Water Heater, and Ample Natural Light Throughout. Enjoy Sweeping Views of Catalina Island, the Ocean, City Lights, Sunsets, Angel Stadium, and Fireworks. The Formal Living Room is Surrounded by Expansive Windows and Showcases a Dramatic Shiplap Cathedral Ceiling, Custom Built-In Entertainment Center, and French Doors Opening to the Backyard. The Formal Dining Room Features Wainscoting and Access to the Backyard. The Gourmet Kitchen Enjoys Quartz Counters, Tray Ceiling with Crown Molding, Stainless Steel Appliances, Dacor Dual Ovens, Beverage Fridge, Walk-In Pantry, Peninsula with Seating, and a Breakfast Nook with Backyard Access. Adjacent to the Kitchen, the Family Room Features a Shiplap Vaulted Ceiling, Cozy Fireplace, and Opens to the Backyard, Perfect for Entertaining. The Main Floor Office Includes Custom Built-In Shelving, a Closet, and Front Yard Views. The Expansive Master Suite Features a Shiplap Vaulted Ceiling, Sitting Area, Fireplace, and a Private Balcony Showcasing Panoramic Views. The En-Suite Bathroom Enjoys a Dramatic Vaulted Ceiling, Dual Vanities, Frameless Glass Walk-In Shower, Soaking Tub, Walk-In Closet, and Secondary Mirrored Closet. The Stunning Backyard is Complete with a New Paver Patio, Large Grass Welcome to 3434 E. Woodbine Road, a Custom Estate Nestled on an Interior Lot Within the Exclusive Guard-Gated Hillcrest Community of Orange. This Expansive Residence Showcases Five Bedrooms, Four and a Half Bathrooms (Including a Main Floor Bedroom and One and a Half Bathrooms), Office, Loft, LVP Flooring, Newer Dual HVAC Systems, Newer Windows, Newer Water Heater, and Ample Natural Light Throughout. Enjoy Sweeping Views of Catalina Island, the Ocean, City Lights, Sunsets, Angel Stadium, and Fireworks. The Formal Living Room is Surrounded by Expansive Windows and Showcases a Dramatic Shiplap Cathedral Ceiling, Custom Built-In Entertainment Center, and French Doors Opening to the Backyard. The Formal Dining Room Features Wainscoting and Access to the Backyard. The Gourmet Kitchen Enjoys Quartz Counters, Tray Ceiling with Crown Molding, Stainless Steel Appliances, Dacor Dual Ovens, Beverage Fridge, Walk-In Pantry, Peninsula with Seating, and a Breakfast Nook with Backyard Access. Adjacent to the Kitchen, the Family Room Features a Shiplap Vaulted Ceiling, Cozy Fireplace, and Opens to the Backyard, Perfect for Entertaining. The Main Floor Office Includes Custom Built-In Shelving, a Closet, and Front Yard Views. The Expansive Master Suite Features a Shiplap Vaulted Ceiling, Sitting Area, Fireplace, and a Private Balcony Showcasing Panoramic Views. The En-Suite Bathroom Enjoys a Dramatic Vaulted Ceiling, Dual Vanities, Frameless Glass Walk-In Shower, Soaking Tub, Walk-In Closet, and Secondary Mirrored Closet. The Stunning Backyard is Complete with a New Paver Patio, Large Grass Area, Gazebo, and Unobstructed Panoramic Views. Additional Highlights Include an Indoor Laundry Room with Built-In Cabinetry, Utility Sink, and Laundry Chute, Along with an Extra Large Three Car Garage Featuring Epoxy Floors and Built-In Storage. Easy Access to 55/91 Freeways, Imperial Highway, Numerous Parks, Dining, Shopping, and Entertainment. 3434 E. Woodbine Road is a Must See!

3434 E Woodbine Rd, Orange

Listing courtesy of Listing Agent: John Katnik () from Listing Office: Katnik Brothers R.E. Services.

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