Rare multi-unit investment opportunity in an unbeatable location! True owner occupant opportunity. This property is ideal for owner-occupancy and an excellent investment for someone looking to live in a central neighborhood in San Diego. For the first time in generations, this exceptional 4-unit property is available--a truly rare find in one of San Diego's most sought-after locations. This property offers the perfect blend of charm, convenience, and income potential. All units are 2-bedroom, 1-bath. A perfect opportunity for an owner-occupant looking to have his/her cake and eat it too. This beautiful 2-bedroom 1 bath 4-unit property offers great financing flexibility and investment potential for the season investors looking for replacement property under a 1031 exchange or owner-occupied buyer to live in one and rent the other 3 units. Tenants enjoy close proximity and being steps away from world class restaurants and entertainment. This property is one of 2 properties in a portfolio being offered for sale. Each property can be purchased on an individual basis. Don’t miss this fantastic opportunity to acquire a value-add coastal asset with healthy current income and development potential in one of San Diego’s most desirable residential submarkets!
For sale
Listing Provided by:
ED Bustamante DRE #00845295 ed@southbayre.net,
South Bay Real Estate
$2,100,000
4209-15 3rd Ave, San Diego, CA 92103
8beds
4baths
2,900sqft
Est.:
Quadruplex
Built in 1971
-- sqft lot
$2,043,900 Zestimate®
$724/sqft
$-- HOA
What's special
- 48 days
- on Zillow |
- 284 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: July 07, 2025 at 12:30pm
Listing Provided by:
ED Bustamante DRE #00845295 ed@southbayre.net,
South Bay Real Estate
Source: CRMLS,MLS#: PTP2504029
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: 8
- Bathrooms: 4
Appliances
- Included: Dryer
- Laundry: Common Area, Electric Dryer Hookup, Gas Dryer Hookup
Features
- Has fireplace: No
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,900
- Total interior livable area: 2,900 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Uncovered spaces: 4
Features
- Entry location: 1
- Pool features: None
Lot
- Size: 5,000 Square Feet
- Features: Level, Street Level
Details
- Parcel number: 4447201900
- Zoning: RM3-9
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1971
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Features: Street Lights, Suburban, Sidewalks
Location
- Region: San Diego
Financial & listing details
- Price per square foot: $724/sqft
- Tax assessed value: $144,230
- Annual tax amount: $1,819
- Date on market: 6/1/2025
- Listing terms: Cash,Conventional,1031 Exchange,FHA,Freddie Mac,VA Loan
- Total actual rent: 8750
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