4015 Richmond St, San Diego, CA 92103

Local realty services provided by:ERA North Orange County Real Estate
4015 Richmond St,San Diego, CA 92103
$9,950,000
Virtual Tour
  • 3 Beds
  • 3 Baths
  • 11,343 sq. ft.
  • Multi-family
  • Active
Listed by: ricardo d lopez ii
Office: aci apartments
MLS#:250038838
Source:San Diego MLS via CRMLS

Price summary

  • Price:$9,950,000
  • Price per sq. ft.:$877.19

About this home

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

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Home facts

  • Listing ID #:250038838
  • Added:160 day(s) ago
  • Updated:February 20, 2026 at 03:03 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:3
  • Living area:11,343 sq. ft.

Heating and cooling

  • Cooling:Central Forced Air Elec
  • Heating:Central Forced Air Elec

Structure and exterior

  • Building area:11,343 sq. ft.

Finances and disclosures

  • Price:$9,950,000
  • Price per sq. ft.:$877.19
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