San Diego, CA 92103,4015 Richmond St
San Diego, CA 92103,4015 Richmond St
San Diego, CA 92103,4015 Richmond St
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$9,950,000
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4015 Richmond St San Diego, CA 92103

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Mike Robb

Mike Robb

+1(805) 504-7827

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250038838SD

HOA Y/N No

Property Sub-Type Mixed Use

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. However to give the new investor confidence in the rental upside and ample time to get there, the OWNER WILL GUARANTEE RENTS at a 4% cap rate through 2026! 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

Area 92103 - Mission Hills

Interior

Heating Forced Air

Fireplace No

Others

Tax ID 4456310700

Virtual Tour https://www.propertypanorama.com/instaview/snd/250038838

CRMLS – RECore
Listed by Ricardo Lopez ACI Apartments

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Museum

    Public | KG - 8

  • 9

    Grant School

    Public | KG - 8

  • 9

    Chesterton Elementary School

    Public | KG - 5

  • 9

    Fletcher Elementary School

    Public | KG - 5

  • 9

    Birney Elementary School

    Public | PK - 5

  • 9

    Jones Elementary School

    Public | KG - 5

  • 9

    McKinley Elementary School

    Public | KG - 5

  • 8

    Old Town Academy K-8 Charter

    Public | KG - 8

  • 8

    Florence Elementary School

    Public | KG - 5

  • 8

    Garfield Elementary School

    Public | PK - 5

  • 8

    Edison Elementary School

    Public | PK - 5

  • 7

    Longfellow K-8

    Public | KG - 8

  • 7

    Jefferson Elementary School

    Public | PK - 5

  • 7

    San Diego Global Vision Academy

    Public | KG - 5

  • 6

    San Diego Cooperative Charter

    Public | KG - 8

  • 6

    Washington Elementary School

    Public | KG - 5

  • 6

    Urban Discovery Academy Charter

    Public | KG - 8

  • 6

    Sherman Elementary School

    Public | PK - 5

  • 6

    Normal Heights Elementary School

    Public | PK - 5

  • 6

    Rowan Elementary School

    Public | KG - 5

Middle Schools 9
  • 7

    Albert Einstein Academy Charter Middle School

    Public | 6 - 8

  • 5

    Roosevelt Middle School

    Public | 6 - 8

  • 4

    Montgomery Middle School

    Public | 6 - 8

  • 4

    Health Sciences Middle School

    Public | 6 - 9

  • 3

    Wilson Middle School

    Public | 6 - 8

  • 1

    Twain High School

    Public | 7 - 12

  • 1

    King-Chavez Preparatory Academy

    Public | 6 - 8

  • 0

    Cook Education Center - Tiee

    Private | 7 - 12

  • 0

    San Diego Global Vision Academy Middle School

    Public | 6 - 8

High Schools 16
  • 9

    San Diego Early/Middle College

    Public | 9 - 12

  • 8

    San Diego High School of International Studies

    Public | 9 - 12

  • 7

    Ihigh Virtual Academy

    Public | 9 - 12

  • 6

    E3 Civic High School

    Public | 9 - 12

  • 6

    Health Sciences High School

    Public | 9 - 12

  • 5

    San Diego High School of Science and Technology

    Public | 9 - 12

  • 4

    King-Chavez Community High School

    Public | 9 - 12

  • 1

    San Diego High School of Business and Leadership

    Public | 9 - 12

  • 1

    Garfield High School

    Public | 9 - 12

  • 1

    Arroyo Paseo Charter High School

    Public | 9 - 12

  • 0

    San Diego County Regional Occupational Program

    Public | 9 - 12

  • 0

    San Diego High School of Media, Visual and Performing Arts

    Public | 9 - 12

  • 0

    Urban Skills Center

    Private | 9 - 12

  • 0

    Academy of Our Lady of Peace

    Private | 9 - 12

  • 0

    St Augustine High School

    Private | 9 - 12

  • 0

    Brookshire International Academy

    Private | 11 - 12

School and business data provided by Attom Data.

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Mike Robb

Mike Robb

Agent | License ID: 02121498

+1(805) 504-7827

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4015 Richmond St