San Diego Central Homes with Three Or More Levels Stories

San Diego Central Homes with Three Or More Levels Stories

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Newest San Diego Central Homes with Three Or More Levels Stories

$2,590,000
260019147SD MLS Active Status
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 Avenue, Mission Hills

$925,000
3 Beds 2 Baths 260019126SD MLS Active Status
Modern 3 Bedroom, 2 Bathroom, Three-Story Condo in the Heart of Golden Hill! Welcome home to this spacious three bedroom, two bathroom, three-story, newly built condo located in San Diego's vibrant Golden Hill neighborhood! Enjoy an unbeatable central location just minutes from Downtown San Diego, Balboa Park, and a short drive to Coronado Island. You'll also be close to popular restaurants, local entertainment, shopping, and major freeways for easy commuting. The ground level features an oversized two-car garage complete with electric washer and dryer hookups. The main level offers a bright, open-concept living room and kitchen that opens onto a private balcony. The living room includes a wall-mounted air conditioning unit for added comfort. The modern kitchen is equipped with a center island, white shaker-style cabinetry, quartz countertops, and stainless steel appliances, including an electric range and oven, microwave, refrigerator, and dishwasher. Also on the main level is a comfortable bedroom and a full bathroom featuring quartz countertops, ceramic tile flooring, and a tiled shower/tub combination. The top floor offers two additional bedrooms, including a spacious primary suite with its own private balcony, walk-in closet, and en-suite bathroom. Large windows throughout the home fill each room with abundant natural light, creating a bright and inviting atmosphere. With its contemporary finishes, functional three-story layout, and exceptional central location, this Golden Hill condo offers the perfect opportunity to enjoy the best of San Diego living!

2781 B Street, Golden Hill

$940,000
3 Beds 3 Baths 260018753SD MLS Active Status
10k Price Reduction 2-1 Rate Seller Buy Down & $10k PAINT/FLOOR/CLOSING COST ALLOWANCE! (Ask REALTOR for Details) 3 Bed & 3 Bath Townhome (2 Primary Suites) with a 2-Car Garage & Gated Entry... In NORTH PARK Under a Million!?!?!? Offering 1,461 sqft, this bright home features beautiful slate and hardwood flooring alongside airy 9-to-10-foot ceilings that create an open atmosphere. Built with modern living in mind, this exceptionally newer development is a rare find for the area, boasting premium upgrades including a tankless water heater, in-unit washer & dryer, cozy gas fireplace, & stainless steel appliances. The unique, flexible floor plan is engineered for comfort, featuring two true primary suites among its three bedrooms—making it perfect for hosting guests or multi-generational living. Easily entertain family and friends in the spacious main living area or step outside to host on your private patio. Gated community that provides safety and privacy, residents also enjoy beautifully landscaped common areas and low HOA dues that conveniently cover water, trash, and high-speed internet service through Google Fiber Webpass Gigabit. Dog owners will love that the community is not breed restrictive! Parking is a breeze with your own side-by-side two-car garage, solving the neighborhood's biggest challenge. Located directly across the street from the iconic North Park Water Tower—with an amazing dog park just behind it—this property offers incredible A+ walkability. You are just minutes from world-class craft breweries, trendy coffee shops, dining, and nightlife.

4329 Idaho St Unit 105, North Park

$2,925,000
5 Beds 4 Baths 260018482SD MLS Active Status
Not just a house, but a home. This hallmark Craftsman has been beautifully maintained with thoughtful period restoration, preserving its timeless character while offering the comforts of modern living. Located on one of North Mission Hills' idyllic winding, tree-lined streets, the home enjoys a unique sense of privacy created by its thoughtful positioning on the lot and nine-foot fencing. One of the home's greatest strengths is the connection between its indoor and outdoor living spaces. The kitchen opens to a Brazilian hardwood deck, creating the perfect setting for al fresco dining, entertaining, or simply enjoying the tranquil fountain, mature landscaping, and planting gardens. Just a short stroll from the restaurants, cafés, and neighborhood favorites along West Lewis Street, this is more than a beautiful home, it's a place to truly belong. The main level welcomes you with a warm and gracious living room centered around a classic fireplace, flanked by built-in leaded glass bookcases and framed by a wall of windows overlooking the surrounding trees. The formal dining room showcases original woodwork and a built-in buffet, while the beautifully designed kitchen is truly the heart of the home. Oriented toward the backyard, it features an informal dining area and direct access to the outdoor living spaces. Also on the main level is a comfortable family room or den, along with a full bedroom and bath, offering flexibility for guests or multigenerational living. Upstairs, the spacious primary suite offers a generous bedroom, well-appointed bath, excellent closet space, and a light-filled retreat with a wall of windows overlooking the neighboring tree canopy. Whether used as a home office, reading room, or creative studio, it's a peaceful extension of the primary suite. Two additional bedrooms complete the upper level. The lower level features a spacious family room or media room, along with a full bedroom and bath. Perfect as a guest suite, teenager's retreat, multigenerational living space, or private quarters for extended family, it offers exceptional flexibility to fit a variety of lifestyles. Throughout the home you'll discover the craftsmanship that makes these early Mission Hills homes so special, original old-growth oak hardwood floors, leaded glass cabinetry, pocket doors, extensive moldings, period-restored lighting and fixtures, beautiful woodwork, and abundant windows that fill the home with natural light. Three attached garages provide exceptional parking and storage, a rare amenity in this coveted neighborhood. What is difficult to capture in words is the feeling this home evokes. From the moment you step inside, there is an unmistakable sense of warmth and calm. It invites you to slow down, appreciate the beauty that surrounds you, and imagine the memories that will be made here.

4316 Hermosa Way, Mission Hills

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.