3602 Indiana Street,San Diego, CA 92103
San Diego, CA 92103
Description
Offered for the first time in over 25 years, this eight-unit multifamily asset delivers a rare combination of immediate value-add upside and long-term development potential in one of San Diego's most coveted rental submarkets. The diversified unit mix (3) 2BD/1BA, (1) 3BD/1BA, (2) Studios, and (2) 1BD/1BA provides a resilient, diversified income stream with rents sitting meaningfully below market. Four rear garages present a compelling ADU conversion opportunity, with the potential to add up to four additional income-producing units and materially increase the property's long-term value. A generational family hold coming to market for the first time, 3602-08 Indiana represents exactly the kind of repositioning play that rarely surfaces in this zip code. Hillcrest is San Diego's most dynamic and irreplaceable urban village, consistently registering among the lowest vacancy rates in the county. Anchored by proximity to UCSD Health and Sharp Memorial Hospital, and flanked by the cultural draw of Balboa Park, the neighborhood attracts a deep and loyal renter base of healthcare professionals, young creatives, and long-term residents who choose Hillcrest for its walkability, energy, and unmatched quality of life. University Avenue and Fifth Avenue deliver some of the city's best independent dining, retail, and nightlife steps from the front door making this a location that practically leases itself.
Details
| MLS # | 260012514SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 113 |
| Listing Provided By | The Mendes Company | Anthony Mendes |
Features
| Units | 8 |
|---|---|
| Building(s) | 2 |
Interior
| Heating | Floor Furnace, Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
Exterior
| Roof | Tile |
|---|---|
| Construction Materials | Frame, Plaster, Stucco |
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92103 |
| Area | 92103 Mission Hills |
| Listing VS Median (in 92103) | |
Price: $2,995,000 low | high Med: $2,037,500 On site: 113 low | high Med: 167.5 | |
Market Activity 92103
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92103 |
| Area | 92103 Mission Hills |
| Listing VS Median (in 92103) | |
Price: $2,995,000 low | high Med: $2,037,500 On site: 113 low | high Med: 167.5 | |
 | $2,950,0003446 ParkSan Diego, CA 92103 |
 | $3,250,0001913 Georgia CtSan Diego, CA 92104 |
 | $2,100,0003740 Park Boulevard Cu1San Diego, CA 92103 |
 | $2,300,0001714 20 Robinson AveSan Diego, CA 92103 |