3930-3940 & 3946-3964 Fifth Ave. – Hillcrest

3930-3940 & 3946-3964 Fifth Ave., San Diego, 92103

Property Description

In 2020, Location Matters arranged the sale of 3930-3940 & 3946-3964 Fifth Ave. in Hillcrest for $13,330,000. Situated between University Ave. and Washington St., this prominent property is 28,528 square feet and sits on 4 four parcels amounting to a 32,839 square foot lot. At the time of sale, the property was occupied by 3 restaurant tenants, Snooze American Eatery, Lemonade, and India Palace and has seven fully leased residential units on the second level. Dating back to 1976, this property has been owned by three local families, including the asset manager, Carleton Management, Inc. The property was purchased by Paragon Real Estate Investments. Location Matters represented the Sellers and the Buyer represented themselves in this generational transaction.