4659 North Ave - Apartments FOR SALE


San Diego, CA 92116- University Heights
$5,000,000 USD
253-303-1456
4659 North Ave, San Diego, CA for Sale
$5,000,000 USD
Apartments - FOR SALE
1/27
null | 4.52% Cap Rate

4659 North Ave
San Diego, CA 92116
University Heights


HIGHLIGHTS

  • Newly Renovated in 2026
  • New Electrical & Plumbing Systems
  • Off-Street Parking - 10 Spaces
  • Secure Gated Entry
  • Walking Distance to Attractions on El Cajon & Park Blvd
  • Dual Pane Windows, In-Unit Laundry, A/C

OVERVIEW

Whitewater Commercial Real Estate presents a rare opportunity to acquire a fully renovated apartment community located in the heart of the University Heights neighborhood of San Diego. Built in 1971 and extensively renovated in 2026, 4659 North Avenue consists of 6,519 square feet of rentable living space situated on a 7,000 square foot lot. The property features an attractive and well-balanced unit mix of seven 1-bedroom / 1-bathroom units, two 2-bedroom / 1.5-bathroom units, and one 2-bedroom / 2-bathroom unit. Each unit has been elegantly renovated with modern interior finishes including quartz counter tops, updated cabinetry, and vinyl plank flooring. Residents also enjoy a variety of desirable amenities such as air conditioning, in-unit laundry, ceiling fans, upgraded bathrooms, and dedicated off-street parking for every unit. With its prime location, extensive renovations, ample parking, and strong demand for rental housing, 4659 North Avenue offers investors a turnkey opportunity positioned for stable cash flow and long-term appreciation in one of San Diego’s most desirable rental markets.

FOR SALE DETAILS

PRICE

$5,000,000 USD

PRICE/SF

$715 USD /SF

# OF UNITS

10

PRICE/UNIT

$500,000

CAP RATE

4.52%

% 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

1971

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

RM-2-5

APN/PARCEL ID

445-041-04

ASK ABOUT THIS PROPERTY

Connor StolleWhitewater Commercial Real EstateMore Info
253-303-1456

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Connor StolleWhitewater Commercial Real EstateMore Info
253-303-1456

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