We are pleased to present First Avenue Lofts, a fully entitled 56-unit investment opportunity located at 3830 First Avenue San Diego, CA. The First Avenue Lofts is comprised of sixteen (16) studios averaging 380 sqft each, and forty (40) one-bedroom/one-bathroom units ranging from 570 – 715 square feet. Once built, the eight-story property will be a total of 37,975 square feet (32,215 net rentable). Each apartment unit will be furnished with contemporary fixtures and finishes, coming with 9-foot ceilings, quartz countertops, full kitchen appliance packages, HVAC, built-in shelves and storage cabinetry. The subject property is located in Hillcrest, one of the most coveted locations for renters in San Diego. In and of itself, the site location is also outstanding, giving premium visibility and walkability. The property boasts a walkability score of 97 which is “a walkers paradise”. It is less than a mile from Balboa Park which offers tennis courts, public pool, baseball fields, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on University Avenue, and Robinson Avenue. Lastly, residents enjoy easy access to CA-163 and Interstate 5 and are just minutes away from San Diego’s largest employment centers including Downtown, Mission Valley, and Kearny Mesa. This property presents a unique opportunity for an investor to purchase development project in Hillcrest, one of the strongest submarkets.
This property is $1.6M more than the Median Sold Price in San Diego, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #240006626SD
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2250
Listing Agent: Austin Huffman
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/19/2024, 1:25:04 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jun 07, 2021
Jun 07, 2021Home Sold
$1,600,000
Sep 30, 2016
Sep 30, 2016Home Sold
$1,189,000
Aug 13, 1990
Aug 13, 1990Home Sold
$160,000
Aug 13, 1990
Aug 13, 1990Home Sold
$319,500
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$15,464
$1,274,846
2020
$15,464
$1,261,775
2019
$14,195
$1,237,035
2018
$14,196
$1,212,780
2017
$13,857
$1,189,000
History based on county public records data.
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NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Florence Elementary School
3914 1st Ave
Distance between this listing and this school0.10 miles
Public District Grades KG-5
7
/10
Birney Elementary School
4345 Campus Ave
Distance between this listing and this school1.11 miles
Public District Grades KG-5
3
/10
Washington Elementary School
1789 State St
Distance between this listing and this school1.67 miles
Public District Grades KG-5
Nearby Schools
7
/10
Grant K-8 School
1425 Washington Pl
Distance between this listing and this school0.71 miles
Public District Grades KG-8
5
/10
Roosevelt Middle School
3366 Park Blvd
Distance between this listing and this school1.06 miles
Public District Grades 6-8
7
/10
Museum
211 Maple St
Distance between this listing and this school1.07 miles
Public Charter Grades KG-8
Nearby Schools
1
/10
Alba
4041 Oregon St
Distance between this listing and this school1.72 miles
Public District Grades 1-12
3
/10
San Diego County Community
6401 Linda Vista Rd Rm 216
Distance between this listing and this school1.78 miles
Public District Grades KG-12
4
/10
Ihigh Virtual Academy
3939 Conde St
Distance between this listing and this school1.79 miles
The neighbors living near this home have an average income of $61,000. Typical income of San Diego, CA residents is between $35k-100k annually. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 3830 1st Ave
What is the listing price of this property?
The listing price of 3830 1st Ave property is $2,600,000.
What type of property is this?
The property 3830 1st Ave is land located in San Diego, California, 92103.
Is this property for sale now?
Active Listing: 3830 1st Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $15,464 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on June 7, 2021 for $1,600,000. (source: MLS/tax record).
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This home is located at 3830 1st Ave in San Diego, CA and zip code 92103 in the Hillcrest neighborhood. It has been listed on Rocket Homes since March 28, 2024 and is currently priced at $2,600,000.
In November 2024 more than 212 listings in San Diego, CA were sold above the asking price. During the same period more than 109 listings were sold at asking price, while more than 308 were sold below. The number of listings in San Diego, CA decreased by 4.5% between October 2024 and November 2024. Listings spent 27 days on the market in November 2024, and had a median list price of $948,850 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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