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$1,950,000
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Property Description
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!
Full Property Details
Full Property Details for 4209-15 Third Ave
General
- Sold For: $1,950,000
- Status: Closed
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PTP2504029
- Added to Site: 230 day(s) ago
Rooms
Other Rooms
- Laundry: Common Area, Dryer Included, Gas & Electric Dryer Hookup, Gas Dryer Hookup
Additional Information
- Pool Description: None
Location
- Area: 92103 - Mission Hills
- County: San Diego
- Development Name: 92103 - Mission Hills
- Driving Directions: From Washington St. make a right on 4th Ave. Make a left on Arbor Drive and a right on 3rd Ave.
Utilities
- Sewer: Public Sewer
- Water: Mutual Water Companies
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Entry Location: 1
- Square Feet: 2,900
- Year Built: 1971
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
- Bedrooms: 2
Lot Features
- Lot Size (Acres): 0.1148
- Lot Size Source: Estimated
- Zoning: RM3-9
- Lot Description: Level with Street, Level
Financial Considerations
- Price Per Sq. Ft.: $724.14
- Price Per Unit: 525000
Listed by South Bay Real Estate, ED Bustamante
Sold by Brandon S Schuller, Broker, Brandon Schuller
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Schools
Schools serving 4209-15 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 | 0.4 mi |
Roosevelt International Middle School 3366 Park Boulevard, San Diego, CA 92103 | 6-8 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4209-15 Third Ave
Date
Details
Price
Change
Source
12/05/2025
Sold
$1,950,000
-7.14%
MLS
6/01/2025
Listed
$2,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
4209 15 3rd Avenue, San Diego, CA 92103 (MLS# PTP2504029) is a Multi-Family property that was sold at $1,950,000 on December 05, 2025. Want to learn more about 4209 15 3rd Avenue? Do you have questions about finding other Multi-Family real estate for sale in Mission Beach? You can browse all Mission Beach real estate or contact a Coldwell Banker agent to request more information.

