4585 Hamilton St - Apartments FOR SALE


San Diego, CA 92116- North Park
$4,525,000 USD
720-841-8139
4585 Hamilton St, San Diego, CA for Sale
$4,525,000 USD
Apartments - FOR SALE
1/26
null | 4.12% Cap Rate

4585 Hamilton St
San Diego, CA 92116
North Park


HIGHLIGHTS

  • One Of The Most Coveted Neighborhoods OF San Diego, California; North Park
  • Condo-Quality Renovations Just Completed 2024
  • Extremely Rare Mix Of All 880 Square Foot 2-Bedroom / 2-Bath Units
  • Units Have In-Unit Washer/Dryers, Minisplits & Keyless Entry
  • Secure Gated Entry & One PArking Space For Every Unit

OVERVIEW

We are pleased to present 4585 Hamilton Street, a fully renovated 8-unit multifamily asset located in the highly coveted North Park neighborhood of San Diego, California. Built in 1969 and fully renovated to condo-quality finishes in 2024, this building offers a desirable mix of all large 880 square foot 2-bedroom / 2-bath units—appealing to a broad tenant base seeking high-quality living in one of San Diego’s most dynamic submarkets. The property has been comprehensively rehabilitated, featuring modern kitchens with sleek cabinetry, quartz countertops, stainless steel appliances, upgraded flooring, energy-efficient fixtures, and contemporary tile finishes (see photos). These thoughtful renovations elevate the resident experience while minimizing future capital expenditure for the next owner. Residents benefit from abundant on-site parking, including 8 off-street spaces. Located just blocks from North Park’s eclectic dining, boutique retail, and entertainment corridors, 4585 Hamilton Street boasts a Walk Score of 91, reflecting its outstanding walkability and access to everyday conveniences. Tenants enjoy proximity to Balboa Park, the San Diego Zoo, and the rapidly growing University Heights and Hillcrest neighborhoods. This turnkey asset provides investors with a stabilized, low-maintenance property in a high-demand rental market known for consistent rent growth and limited supply. With its prime location, quality renovations, and diverse unit mix, 4585 Hamilton Street offers an exceptional opportunity to acquire a best-in-class multifamily investment in the heart of North Park. North Park is one of San Diego’s most sought-after urban neighborhoods, known for its walkable streets, vibrant arts scene, and mix of trendy restaurants, craft breweries, and boutique shops. The area attracts a strong renter demographic of young professionals and creatives who value its central location—just minutes from Downtown, Balboa Park, and major employment centers—making it one of the city’s most stable and desirable rental markets.

FOR SALE DETAILS

PRICE

$4,525,000 USD

PRICE/SF

$645 USD /SF

# OF UNITS

8

PRICE/UNIT

$565,625

CAP RATE

4.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,991 SF

ZONING

RM-2-5

APN/PARCEL ID

445-171-02

ASK ABOUT THIS PROPERTY

720-841-8139

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720-841-8139

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