4015 Richmond St, San Diego, CA 92103

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$9,950,000

Est. payment - /mo

3 Beds

11,343 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 11,343 sqft

Price per Sqft $877

MLS Listing ID 250038838

Bedrooms 3

Property Sub-Type Com-Res Income

Property Description

Presenting The Richmond! Newly built 19-units (2025) in the heart of Hillcrest, featuring studios, 1BRs, and 2BRs averaging 597 SF, most with balconies. A recent rent comps survey indicates current rents are 20% below market, presenting an investor with the opportunity to unlock hidden value and achieve higher returns with minimal capital investment. The property is also exempt from AB 1482 rent caps through at least 2040, providing flexibility to capture market rent growth. Units include in-unit W/D, premium cabinetry, quartz counters, stainless steel appliances, triple-pane windows, and dishwashers in all but three units. Central HVAC ensures year-round comfort. Community features: secured subterranean parking (6 standard + 1 ADA), roof-mounted 17.3 kW solar. Built with wood-frame over podium construction, the property enjoys unmatched proximity to Balboa Park, UCSD Medical Center, Scripps Mercy, Downtown, and the airport. With strong demographics, high renter demand, and limited supply, The Richmond is a rare best-in-class asset in a prime San Diego location.

Location

State CA

County San Diego

Community Elevator

Area Metro Uptown

Interior

Heating Central Forced Air Elec

Cooling Central Forced Air Elec

Fireplace No

Exterior

View Y/N No

Building

Story 4

Others

Tax ID 445-631-07-00

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Listed by Ricardo D Lopez II ACI Apartments

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

4015 Richmond St San Diego, CA 92103

Sheila Dadashzadeh

Key Details

Location

Interior

Exterior

Building

Others

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