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Dan Dennison, MBA

Big Block Realty
San Diego, CA
Real Estate Agent
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CalBRE# 01906674

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Listing 2 out of 11
$2,695,000 For Sale

3612-3618 Fourth Ave.
San Diego, CA 92103

4 units | Multi Family 2-4 - MLS# 180061161
Property Photo


Prime redevelopment opportunity. Sellers have completed feasibility study which shows the potential to build 17-26 units using the 50% density bonus. Recently renovated with nearly $250,000 in upgrades, this four-unit multi-family is located in the heart of Hillcrest. Upgrades allow next buyer the opportunity to increase and collect rents while completing planning and permits. See supplemental remarks..., All units are 2 bed/1 bath and include original hard wood floors, granite countertops, newer cabinets and stainless steel appliances, remodeled bathrooms and large spacious living areas. The building has an enclosed shared yard with upgraded landscaping, coin operated laundry and storage providing additional income and off street parking.


  • Property Type: Multi Family 2-4
  • Sub Type: Multi Family 2-4
  • Listing Status: Active
  • County/Area: San Diego County
  • Zip Code: 92103
  • Year Built: 1930
  • Subdivision/Neighborhood: Hillcrest
  • Units: 4 units
  • # Units w/Dishwashers: 4
  • # of Buildings: 2
  • # of Units w/Garage: 4
  • # of Units w/Range/Oven: 4
  • # of Units w/Refrigerator: 4
  • Annual Expense Actual: 63985
  • Annual Expense Projected: 63985
  • Cap Rate Actual: 2.19
  • Cap Rate Projected: 2.76
  • Community: Hillcrest
  • Gross Rent Multiplier Act: 23.23
  • Gross Rnt Multiplier Proj: 19.44
  • Gross Sched Income Actual: 120533
  • Gross Sched Income Proj.: 144000
  • Heat Equipment: Wall/Gravity
  • Irrigation: Sprinklers
  • Listing Area: MISSION HILLS (92103)
  • Lot Size Area: 7, 500-10, 889 SF
  • Net Oper.Income Projected: 80015
  • Other Income Actual: 2933
  • Other Income Projected: 3500
  • Parking Garage Unit 1: Detached
  • Parking Garage Unit 2: Detached
  • Parking Garage Unit 3: Detached
  • Parking Garage Unit 4: Detached
  • Roof: Composition
  • Siding: Wood
  • Terms: Cash, Conventional, Exchange
  • Unit 1 # Bedrooms: 2
  • Unit 1 # Total Baths: 1
  • Unit 1 # of Full Baths: 1
  • Unit 1 Rent Actual: 2525
  • Unit 2 # Bedrooms: 2
  • Unit 2 # Total Baths: 1
  • Unit 2 # of Full Baths: 1
  • Unit 2 Rent Actual: 2525
  • Unit 3 # Bedrooms: 2
  • Unit 3 # Total Baths: 1
  • Unit 3 # of Full Baths: 1
  • Unit 3 Rent Actual: 2525
  • Unit 4 # Bedrooms: 2
  • Unit 4 # Total Baths: 1
  • Unit 4 # of Full Baths: 1
  • Unit 4 Rent Actual: 2525
Courtesy of Compass

Dan Dennison, MBA
Big Block Realty

2820 Camino del Rio S Ste. 314
San Diego, CA 92108
Phone: 858-255-0052


Dan Dennison has been my agent throughout the entire process of the search for my first home.

Having witnessed many friends and family members go through this process throughout the years, I knew I needed a trustworthy and patient agent.

My very first search for a home was certainly an enjoyable and smooth process because of Dan. He is knowledgeable (with decades of experience in Real Estate across multiple states in the country), professional (has an MBA in addition to his experience in the field), friendly (has two friendly dogs as well!), and patient (took his time explaining and answering any questions I had).

From day one, Dan was honest, professional, and easy to work with. He takes great care in listening to the client and identifying their wishes in the home search. He carefully explains things in a logical and easy-to-understand manner for a first-time buyer like myself.

In addition, Dan has been an excellent resource and as well as a friend when it came to other important items related to the search, such as identifying and navigating through the lending process, learning about what an HOA covers, locating a trustworthy insurance company, home warranties, and discussions with the listing agents and sellers about questions.

Dan Dennison is an agent who will go above and beyond to provide the highest quality of service to you, holding the clients' interest at heart.
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