4 unit Multifamily in North Park/Hillcrest with 7 additional permitted units

For Sale

3420 Wilshire Terrace, San Diego, CA 92103

This San Diego property for sale is located at 3420 Wilshire Terrace. The current listed sale price for 4 unit Multifamily in North Park/Hillcrest with 7 additional permitted units is $2,825,000. 4 unit Multifamily in North Park/Hillcrest with 7 additional permitted units is situated on a lot that is 0.22 square feet in size.

Contacts

broker
Peter Scepanovic
broker
Corey McHenry

Property Details

  • Property Type Other
  • Lot Size 0.22 SF
  • Year Built 1994
  • Year Renovated 2024
  • Date Updated Sep 1, 2025

A+ Hillcrest / North Park Investment Opportunity!  4 Existing 2BR units with garages.  7 PERMIT READY UNITS.  Owner has spent approx. $300k with architects, engineers & the city to deliver permit ready development.  Located on a spacious 9,400+ SF lot with dual access from Georgia Street (92103) and Wilshire Terrace (92104).  The existing 4 units are oversized 2-bedroom units—each featuring large private patios, in-unit washer/dryers, and value-add potential.

The site is located in highly desirable North Park / Hillcrest with sweeping views, just one block from Balboa Park. Near trendy restaurants, bars, and brand-new high-end condos, this is a rare chance to invest in one of San Diego’s most vibrant and walkable neighborhoods, with strong rental demand and long-term upside.

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Getting around

  • 77/100

    Walk Score ®

  • 52/100

    Transit Score ®

  • 43/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City San Diego, CA
  • Neighborhood North Park
  • Zip Code 92103
  • Market San Diego

Points of Interest

  • City College

    1.85 miles

  • Civic Center

    2.01 miles

  • County Center/Little Italy

    2.04 miles

  • Courthouse

    2.13 miles

  • Hazard Center

    2.14 miles

  • Park & Market

    2.19 miles

  • Rio Vista

    2.21 miles

  • Santa Fe Depot

    2.26 miles

  • Washington Street

    2.31 miles

  • Seaport Village

    2.49 miles

  • Blink

    0.80 miles

  • Mobil

    1.02 miles

  • Arco

    1.02 miles

  • Electrify America Fast Charger

    1.10 miles

  • Shell

    1.17 miles

  • Tiger Mart & Gas

    1.31 miles

  • Speedway

    1.31 miles

  • Valero

    1.39 miles

  • Chevron

    1.44 miles

  • 76

    1.44 miles

  • North Carousel Parking Lot

    0.48 miles

  • South Carousel Parking Lot

    0.54 miles

  • Morley Field Disk Golf Course Parking

    0.64 miles

  • Natural History Museum Parking Lot

    0.65 miles

  • Alcazar Parking Lot

    0.88 miles

  • North Park Parking Garage

    0.91 miles

  • Organ Pavilion Parking Lot

    0.98 miles

  • Federal Building Parking Lot

    1.17 miles

  • Dog Park Public Parking

    1.22 miles

  • First Avenue Parking Structure

    1.41 miles

  • Vantaggio Suites Extended Stays

    0.83 miles

  • Inn at the Park

    0.92 miles

  • The Lafayette Hotel, Swim Club & Bungalows

    0.94 miles

  • Berkshire Motor Hotel

    1.05 miles

  • Sommerset Suites Hotel

    1.05 miles

  • Keating House

    1.35 miles

  • New Palace Hotel

    1.52 miles

  • Quality Inn San Diego Downtown North

    1.53 miles

  • Hotel Occidental

    1.54 miles

  • West Park Inn

    1.54 miles

  • Smart & Final

    0.50 miles

  • Trader Joe's

    0.78 miles

  • Ralphs

    0.79 miles

  • Sprouts Farmers Market

    0.80 miles

  • Whole Foods Market

    0.91 miles

  • Target

    1.02 miles

  • Parkside Foods

    1.17 miles

  • Vons

    1.18 miles

  • Baron’s Market

    1.27 miles

  • Albertsons

    1.48 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact 4 unit Multifamily in North Park/Hillcrest with 7 additional permitted units
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