4501-4503 Alabama St - Storefront Retail/Residential FOR SALE


San Diego, CA 92116- University Heights
$1,900,000 USD
619-972-2214
4501-4503 Alabama St, San Diego, CA for Sale
$1,900,000 USD
Storefront Retail/Residential - FOR SALE
1/27
null | Request Cap Rate

Oct '26


4501-4503 Alabama St
San Diego, CA 92116
University Heights


OVERVIEW

Renovated Mixed-use investment property located at 4501-4503 Alabama Street in the highly desirable University Heights neighborhood of San Diego. 3,299 SF building situated on a 4,299 SF lot, featuring 3 retail units and 2 residential units. Residential units consist of two 1-bedroom, 1-bath apartments that have been extensively renovated. Recent capital improvements include a new roof (March 2026), replaced gas lines (April 2026), exterior paint, and overall building modernization. Apartment upgrades include new kitchens, appliances, flooring, paint, vinyl windows, mini-split HVAC systems, and in-line water heaters. Residential units are projected to achieve rents of approximately $2,500 per month each. Additional upside exists through the former Holistic Harmony suite, which is being renovated with new windows and doors. Upcoming vacancy of the Dog Groomer space on October 1, 2026 provides a leasing and income growth opportunity. Established coffee shop tenant signed a new lease on August 1, 2025, providing stable cash flow. Existing coffee shop rent is $2,700 per month with built-in 5% annual rent increases. Prime walkable location near shops, restaurants, and amenities, with easy access to North Park, Normal Heights, Downtown, I-8, SR-163, and I-805.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$576 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,299 SF

ZONING

CN-1-3

APN/PARCEL ID

445-143-02

ASK ABOUT THIS PROPERTY

James Pieri, Jr.Gateway Financial Real EstateMore Info
619-972-2214

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James Pieri, Jr.Gateway Financial Real EstateMore Info
619-972-2214

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.