4629 Alabama St - Apartments FOR SALE


San Diego, CA 92116- University Heights
$3,150,000 USD
858-761-2529
4629 Alabama St, San Diego, CA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/10
null | 3.38% Cap Rate

4629 Alabama St
San Diego, CA 92116
University Heights


HIGHLIGHTS

  • Supreme location just south of the vibrant Adams Avenue in University Heights - one of San Diego’s most desirable rental submarkets
  • Spacious and versatile 2,200 SF 5-bed, 3-bath unit — a rare opportunity with strong owner-occupant appeal and high rental income potential
  • Seller Financing Available - Seller will carry back $2.1 Million at 4.25% interest only.
  • Attractive unit mix of one-, two-, and five-bedroom units catering to diverse tenant profiles
  • Regarded as a Walker's Paradise with a Walk Score of 94 by WalkScore.com
  • Easy access to major employment centers including Mission Valley and Downtown San Diego Proximity to public transit, parks, restaurants, nightlife

OVERVIEW

We are pleased to present 4629-35 Alabama Street, an 8-unit multifamily property located in the heart of University Heights, one of San Diego’s most sought-after rental neighborhoods. The property features a desirable unit mix consisting of two (2) one-bedroom/one-bathroom units, five (5) two-bedroom/one-bathroom units, and one (1) five-bedroom/three-bathroom unit. This balanced configuration appeals to a wide range of renters, from young professionals to families, offering flexibility and strong leasing potential. University Heights is a vibrant, centrally located community known for its walkability, eclectic dining options, and proximity to major employment centers. Its unique blend of historic charm and modern amenities makes it a magnet for long-term residents and new arrivals alike. The neighborhood’s connectivity to Mission Valley, Hillcrest, and Downtown San Diego via major freeways and transit corridors further enhances its appeal to renters seeking convenience and lifestyle. 4629-35 Alabama Street presents a compelling opportunity for investors to acquire a well-maintained asset in a high-demand market. With strategic renovations and management, there is significant potential to enhance value and achieve competitive rental rates

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$481 USD /SF

# OF UNITS

8

PRICE/UNIT

$393,750

CAP RATE

3.38%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4629 Alabama St, San Diego, CA 92116-2755

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R3

APN/PARCEL ID

445-061-08,445-061-08-00

ASK ABOUT THIS PROPERTY

Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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Austin Ray HuffmanMarcus & MillichapMore Info
858-761-2529

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