4513-4523 Cleveland Ave - Apartments FOR SALE


San Diego, CA 92116- University Heights
$3,095,000 USD
858-997-5884
4513-4523 Cleveland Ave, San Diego, CA for Sale
$3,095,000 USD
Apartments - FOR SALE
1/15
null | Request Cap Rate

4513-4523 Cleveland Ave
San Diego, CA 92116
University Heights


OVERVIEW

4513–4523 Cleveland Ave | University Heights, San Diego We are proud to present 4513–4523 Cleveland Ave, a newly renovated 6-unit multifamily property in the heart of University Heights, one of San Diego’s most desirable and high-demand rental markets. The property offers an ideal mix of (3) one-bed/one-bath units and (3) two-bed/one-bath units, all upgraded to modern, tenant-preferred standards. Four units are already leased to highly qualified tenants, while two brand-new units have just been completed and are ready for immediate lease-up. Each unit features brand-new appliances, updated electrical, in-unit washer/dryers, and new mini-split heating and cooling systems, creating durable long-term value and strong renter appeal. These upgrades significantly reduce maintenance needs and position the property as a top-tier offering within the submarket. Located steps from Park Blvd and Adams Ave, residents enjoy walkability to cafés, restaurants, entertainment, and major transit connections—ensuring exceptionally low vacancy risk and consistent rental demand. Investment Highlights • Fully renovated, turnkey asset • Strong unit mix with balanced tenant appeal • 4 stabilized units + 2 brand-new units • All units feature new appliances, electrical, W/Ds, and mini-splits • Prime University Heights location with excellent appreciation potential This is a rare chance to acquire a high-quality, low-maintenance property with both immediate cash flow and long-term upside.

FOR SALE DETAILS

PRICE

$3,095,000 USD

PRICE/SF

$757 USD /SF

# OF UNITS

6

PRICE/UNIT

$515,833

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,996 SF

ZONING

R3

APN/PARCEL ID

445-112-12-00

ASK ABOUT THIS PROPERTY

Daniel FreifeldSan Diego Exclusive PropertiesMore Info
858-997-5884

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Daniel FreifeldSan Diego Exclusive PropertiesMore Info
858-997-5884

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