Active

3939 7th Avenue

Mission Hills CA, 92103

$5,850,000


$682.77 per sqft

Active

8,568 sqft

Commercial

La Palma at 3939 7th Avenue is a rare multifamily offering in the heart of Hillcrest. The unit mix consists of sixteen large 500 square foot studios. All units are renovated and feature faux hardwood floors, brushed nickel fixtures, stainless steel appliances, new cabinets, quartz countertops, spacious floorplans, in-unit laundry, and full closets. The 8,568 square foot building built in 1928 features interior common hallways, rooftop storage, and onsite laundry facilities. There is ASSUMABLE FINANCING available at 3.89% fixed until December 2026. The growing rents are supplemented by utility billback income and can grow by leveling the current rents to market. The structure is situated on a 5,697 square foot lot across from Whole Foods and just blocks from Scripps Mercy Hospital and the shopping, entertainment, business, and transit on University Avenue.

230002134

MLS ID

February 1, 2023

Listed

May 9, 2024

Updated

Map

3939 7th Avenue
Mission Hills CA, 92103

Other Property Details

Area Name

Metro Uptown


Days on Market

386


Garage

No


Parking Total

0


View

No


County

San Diego


Pool

No


Buyer Agency Compensation

1.75%

Listed by NorthMarq Multifamily, Benn Vogelsang,
Listing Contact: 415-250-4947 

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Data last updated 4:31 AM UTC, 5/9/2024

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