3830 1St AveSan Diego, CA 92103

Property Details for 3830 1St Ave

Lot size

0.14 AC

Property size (Sq ft)

6,308 SF

Property type

Land

Description

This exceptional 0.14-acre commercial land parcel in San Diego's coveted Hillcrest neighborhood presents a unique development opportunity. Priced at $2,600,000 ($412.18/sq ft), the 6,308 square foot lot (APN 452-043-12-00) is permit-ready for a 56-unit apartment complex. Plans include 16 studios averaging 380 sq ft and 40 one-bedroom/one-bathroom units ranging from 570 to 715 sq ft, totaling 37,975 sq ft (32,215 net rentable). Units will feature contemporary finishes, 9-foot ceilings, quartz countertops, full appliance packages, HVAC, and built-in storage. The property boasts a Walk Score of 97 ("Walker's Paradise"), offering unparalleled walkability to restaurants, shops, and entertainment on University and Robinson Avenues. Its proximity to Balboa Park, CA-163, Interstate 5, and major employment centers in Downtown, Mission Valley, and Kearny Mesa ensures high occupancy rates. This project offers a strong investment opportunity in a high-demand San Diego submarket, with market-rate units exempt from AB1482 rent control for 15 years. The site's prime location and innovative design promise significant rental premiums for years to come.

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.7475

Longitude

-117.164

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