Date
Details
Price
Change
Source
5/13/2026
Listed
$3,870,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/14
$3,870,000
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Property Description
3947-59 3rd Avenue is a 12-unit multifamily investment opportunity located in the highly desirable Hillcrest neighborhood of San Diego, California.? Originally constructed in 1950, the property offers classic architectural character in one of the city's most walkable and supply-constrained rental submarkets.? The 6,484 sqft property consists of (12) one-bedroom / one-bathroom units, catering to a broad tenant base and providing a straightforward, efficient layout attractive to renters.? On a 10,497 sqft lot, it is located in Complete Communities Tier 2 with an 8.0 FAR.? Situated one parcel south of Washington St and along the prominent 3rd Avenue corridor, the asset benefits from immediate proximity to Hillcrest's vibrant retail, dining, and entertainment amenities, while offering convenient access to Downtown San Diego and major employment centers.? 3947-59 3rd Avenue presents investors with the opportunity to capitalize on strong in-place rental demand with additional upside through renovations and potential high density development.?
Full Property Details
Full Property Details for 3947-59 Third Ave
General
- Price: $3,870,000
- Status: Active
- Type: Multi-Family
- Source: SANDICOR
- MLS ID: 260011651
- Updated: 5/14/2026
- Added to Site: 9 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 12
- Full Bathrooms: 12
Bedrooms
- Total Bedrooms: 12
Parking
- Total Spaces: 4
Location
- Area: MISSION HILLS (92103)
- County: San Diego
Structural Information
- # Buildings: 3
- Detached/Attached: Detached
- Stories/Levels: 2
- Square Feet: 6,484
- Living Area: 6,484 Sq. Ft.
Unit Information
- Units in Building: 12
Financial Considerations
- Operating Expenses: $88,727
Disclosures and Reports
- Property ID: 444-662-05-00
Listed by Marcus & Millichap (858) 775-9825, Ben Sierpina and Marcus & Millichap (858) 735-6632, Raymond Choi
We Value Your Privacy
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Listing agents
— 3947-59 Third Ave —
Ben Sierpina
Marcus & Millichap
858-775-9825
Raymond Choi
Marcus & Millichap
858-735-6632
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 3947-59 Third Ave
School District:San Diego City Unified School District
| Name | Grades | Distance |
|---|---|---|
Florence Elementary School 3914 First Avenue, San Diego, CA 92103 | K-5 | 0.1 mi |
Roosevelt International Middle School 3366 Park Boulevard, San Diego, CA 92103 | 6-8 | 1 mi |
San Diego High School 1405 Park Boulevard, San Diego, CA 92101 | 9-12 | 2.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3947-59 Third Ave
Tax History
Tax History for 3947-59 Third Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$46,554
6%
$3,714,227
4%
2023
$43,804
3%
$3,570,000
2%
2022
$42,637
510%
$3,500,000
523%
2021
$6,985
1%
$561,591
1%
2020
$6,900
2%
$555,833
2%
2019
$6,778
7%
$544,936
2%
2018
$6,338
2%
$534,252
2%
2017
$6,185
2%
$523,777
2%
2016
$6,079
1%
$513,508
2%
2015
$5,990
2%
$505,796
2%
2014
$5,899
—
$495,890
—
2013
$5,891
—
$493,650
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3947-59 Third Ave
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- Condo
- Active
- Updated 17 hours ago
- 2Beds
- 2Total Baths
- 1,171Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 2,160Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
- 1,705Sq. Ft.
- Single Family
- Active
- Updated 15 hours ago
- 6Beds
- 8Total Baths
- 7,237Sq. Ft.
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- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 4Total Baths
- 2,536Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 2Beds
- 3Total Baths
- 1,855Sq. Ft.
- Single Family
- Active
- Updated 22 hours ago
- 4Beds
- 5Total Baths
- 3,316Sq. Ft.
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- Condo
- Closed
- Updated 13 days ago
- 3Beds
- 3Total Baths
- 2,675Sq. Ft.
- Condo
- Closed
- Updated 3 days ago
- 2Beds
- 4Total Baths
- 3,810Sq. Ft.
3947-59 3rd Avenue, San Diego, CA 92103 (MLS# 260011651) is a Multi-Family property with 12 units containing 12 bedrooms and 12 full bathrooms. 3947-59 3rd Avenue is currently listed for $3,870,000 and was received on May 13, 2026. Want to learn more about 3947-59 3rd Avenue? Do you have questions about finding other Multi-Family real estate for sale in Hillcrest? You can browse all Hillcrest real estate or contact a Coldwell Banker agent to request more information.