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3939 7th Ave, San Diego, CA, 92103

--beds
16baths
8,568sqft
$4,900,000
$572price/sqft
$30,013/moest. monthly cost
$1,200,520/yrincome needed

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.

Getting Around

96
WalkingWalker's Paradise
54
TransitGood Transit
71
BikeVery Bikeable

Schools

7/10
6/10
San Diego High SchoolGrades 9-122.0 mi

Construction

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Bedrooms & Bathrooms

  • Bathrooms: 16
  • Full bathrooms: 16

Interior Area

  • Total structure area: 8,568
  • Total interior livable area: 8,568 sqft

Property

Details

  • Parcel number: 4446830400

Features

  • Stories: 2

Lot

  • Lot size: 5,697 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Wildfire

FEMA Declared Disasters in San Diego County and California

Earthquake
Flood
Mud Landslide
Severe Storm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $24,777$297,324
Home Insurance *$664$7,968
Property Taxes $2,735$32,820
Electricity $1,837$22,047
Total$30,013$360,156
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$1,029,017/yr
40% on housing$900,390/yr
45% on housing$800,346/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.9%
8.9%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$572This listing

vs Other Active Listings

Avg $/sqft

ZIP 92103$737
San Diego County$558

vs Homes Sold Last Month

Median $/sqft

ZIP 92103$928
San Diego County$576

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-02Listed for sale$4,900,000
2025-08-10Listing removed$5,245,000
2025-06-23Listed for sale$5,245,000
2016-10-03Listing removed$1,150
2016-01-27Listing removed$1,050
2016-01-19Listed for rent$1,050
2015-01-30Listing removed$985
2015-01-22Listed for rent$985

For Sale by Agent

AgentBenn Vogelsang
BrokerageNorthMarq Multifamily

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