Home | San Diego County | San Diego | 92103 | 4015 Richmond
MLS: SD260021771 | Status: | Price: $7,950,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 5,858 | – |
The Richmond is a newly constructed 19 unit luxury multifamily property in the heart of Hillcrest, one of San Diego’s most desirable and supply constrained rental markets. Completed in 2025, the property features studio, one bedroom and two bedroom residences with modern finishes, in unit laundry, central heating and air conditioning, triple pane windows and private balconies in most units. Offered at $7,950,000, or approximately $418,000 per unit, The Richmond is priced well below nearby development cost benchmarks while generating approximately $545,000 in annual scheduled income and $372,000 in NOI. The property also offers approximately 11% potential rent upside and benefits from exemption from AB 1482 rent caps through at least 2040, providing significant flexibility for future rent growth. The property is steps from shopping, dining and major employment centers, including the expanding UC San Diego Health Hillcrest campus and Scripps Mercy Hospital. Hillcrest is also benefiting from major public investment, including the approximately $28 million Pride Promenade project along Normal Street, further enhancing the neighborhood’s walkability and long term appeal. New construction. Below replacement cost. Strong in place income. Rent upside. Favorable regulatory positioning. An
| Field | Value |
|---|---|
| MLS # | SD260021771 |
| MLS Source | San Diego MLS |
| Days on Site | 27 |
| Feature | Details |
|---|---|
| Cooling | Central Forced Air - Electric |
| Heating | Central Forced Air - Electric |
| Feature | Details |
|---|---|
| Zoning | R-3:RESTRI |
Ricardo Lopez
ACI Apartments
License #: 01936528
Phone: (619) 736-0201
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 0 |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Home & Hosp/Transition Support | public | K-12 | 0.26 mi | N/A |
| Birney Elementary School | public | K-5 | 0.38 mi | 10 |
| Roosevelt International Middle School | public | 6-8 | 0.76 mi | 4 |
| Florence Elementary School | public | K-5 | 0.80 mi | 7 |
| Alba School | public | 1,2,3,4,5,6,7,8,9,10,11,12 | 0.92 mi | 1 |
| Jefferson Elementary School | public | K-5 | 1.05 mi | 7 |
| Garfield Elementary School | public | K-5 | 1.06 mi | 7 |
| Grant K-8 | public | K-8 | 1.44 mi | 7 |
| San Diego Adult | public | UG | 1.45 mi | N/A |
| Nipaquay Elementary | public | K-5 | 1.87 mi | 6 |
| Edison Elementary School | public | K-5 | 1.94 mi | 7 |
| McKinley Elementary School | public | K-5 | 1.99 mi | 10 |
| Adams Elementary School | public | K-5 | 2.00 mi | 7 |
| Washington Elementary School | public | K-5 | 2.07 mi | 4 |
| San Diego County Rop School | public | 9-12 | 2.09 mi | N/A |
| San Diego County Community | public | K-12 | 2.09 mi | 1 |
| Hope Infant-Toddler Special Education | public | UG | 2.09 mi | N/A |
| Carson Elementary School | public | K-5 | 2.10 mi | 3 |
| San Diego High School of Business and Leadership | public | 9-12 | 2.11 mi | 1 |
| San Diego High School | public | 9-12 | 2.11 mi | 6 |
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 3167 Landis St | $7,494,000 | – | – | – | |
| 4755 Felton St | $6,700,000 | – | – | – | |
| 4638 & 4648 Ohio Street | $6,600,000 | – | – | – | |
| 2470 C Street | $8,200,000 | – | – | – |
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This listing information is up-to-date as of September 09, 2026. For the most current information, please contact Ricardo Lopez, (619) 736-0201.