3939 7th Ave, San Diego, CA — $4,900,000 | SoCal Realty & Investments

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About this home

La Palma at 3939 7th Avenue is a rare multifamily offering in the heart of Hillcrest. The unit mix consists of sixteen large 500 square foot studios. All units are renovated and feature faux hardwood floors, brushed nickel fixtures, stainless steel appliances, new cabinets, quartz countertops, spacious floorplans, in-unit laundry, and full closets. The 8,568 square foot building built in 1928 features interior common hallways, rooftop storage, and onsite laundry facilities. The growing rents are supplemented by utility billback income and can grow by leveling the current rents to market. The structure is situated on a 5,697 square foot lot across from Whole Foods and just blocks from Scripps Mercy Hospital and the shopping, entertainment, business, and transit on University Avenue.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk

🏷 Last sold$3,525,000 · Apr 2018

📋 Assessed value$4,091,061

💵 Annual tax$50,285

🏫 School districtSan Diego City Unified School District

MLS #260007693

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone

🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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VA loan (no PMI)

Estimated total monthly payment

$30,698

Principal & interest$24,777

Property tax$4,492

Home insurance$1,429

Down payment: $980,000Loan: $3,920,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.