4209-21 3rd Avenue is a 9-unit multifamily property in San Diego’s rapidly developing and ever-changing Hillcrest neighborhood. Spanning over 6800 sq ft across two legal parcels, the property. A common coin operated laundry room provides added convenience for residents. Features three buildings: two 2-story fourplexes 4209-15 with 2 bed/1 bath units, 4217-19-1/2 with 1 bed/1 bath units and a detached single-level 2bed/1 bath home. With the ability to secure 30 year fixed residential financing on one parcel, this investment offers a rare opportunity to unlock long-term potential in a high-demand rental market. The two legal parcels also provide an added exit strategy, allowing an investor to sell the parcels individually if desired. Don’t miss this competitively priced investment—perfect for the owner, occupant or investor. Ideal property for repositioning and long-term growth.
For sale
Listing Provided by:
ED Bustamante DRE #00845295 ed@southbayre.net,
South Bay Real Estate
$4,500,000
4209-21 3rd Ave, San Diego, CA 92103
14beds
9baths
6,833sqft
Est.:
Multi Family
Built in 1971
-- sqft lot
$4,408,900 Zestimate®
$659/sqft
$-- HOA
What's special
Coin operated laundry room
- 74 days
- on Zillow |
- 119 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: June 02, 2025 at 10:54am
Listing Provided by:
ED Bustamante DRE #00845295 ed@southbayre.net,
South Bay Real Estate
Source: CRMLS,MLS#: PTP2504032
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 9
Appliances
- Laundry: Common Area, Washer Hookup, Laundry Room, Outside
Features
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 6,833
- Total interior livable area: 6,833 sqft
Video & virtual tour
Property
Parking
- Total spaces: 7
- Uncovered spaces: 7
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 10,000 Square Feet
- Features: Level, Street Level, Walkstreet
Details
- Additional parcels included: 4447201900
- Parcel number: 4447201800
- Zoning: RM3-9
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Curbs, Gutter(s), Street Lights, Suburban
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $659/sqft
- Date on market: 6/1/2025
- Listing terms: Cash,Cash to New Loan,Conventional,Fannie Mae,Freddie Mac,Owner May Carry,Submit
- Total actual rent: 17179
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