4744 Hawley Blvd - Apartments FOR SALE


San Diego, CA 92116- Adams North
$4,100,000 USD
720-841-8139
4744 Hawley Blvd, San Diego, CA for Sale
$4,100,000 USD
Apartments - FOR SALE
1/24
null | 3.92% Cap Rate

4744 Hawley Blvd
San Diego, CA 92116
Adams North


HIGHLIGHTS

  • 13-Unit Asset in Prime Normal Heights Location (Built in 1969)
  • Extremely Desirable Units Mix: Ten 2-Bed Units & Three 1-Bed Units
  • High Value-Add Investment: Under-Market Rents, Garages For ADU Conversion
  • 20 Parking Spaces & Extensive Capital Improvements Recently Completed
  • Strong Rental Demand & Growth: Supply-constrained market, high rent growth
  • Walkable Adams Avenue Corridor Location; Steps to restaurants, cafes, nightlife, retail

OVERVIEW

We are pleased to present 4744 Hawley Boulevard, a 13-unit multifamily investment opportunity located in the highly desirable Normal Heights submarket of San Diego. Built in 1969, the property features a wellbalanced unit mix consisting of ten (10) two-bedroom/one-bath units and three (3) one-bedroom/one-bath units, appealing to a broad tenant base seeking larger floor plans in one of San Diego’s most walkable urban neighborhoods. There are Twenty total parking spaces: Four front tandem (2-car spaces), three double-car garages, one single-car garage, one off-street rear space, and one 4-car rear tandem space. The asset has benefited from substantial capital improvements designed to reduce deferred maintenance and enhance long-term ownership stability. Recent upgrades include electrical system improvements, plumbing enhancements, new exterior paint, extensive fascia and wood repairs, roof replacement, and completed SB721 inspections. These improvements significantly reduce near-term capital expenditure requirements while supporting continued operational performance. Positioned along the vibrant Adams Avenue corridor, the property benefits from immediate access to Normal Heights’ popular collection of restaurants, coffee shops, breweries, nightlife, and neighborhood-serving retail. Its central location provides convenient connectivity to North Park, Kensington, Downtown San Diego, Balboa Park, and major employment centers throughout the region, supporting strong rental demand and long-term rent growth potential. Residents benefit from the neighborhood’s unique blend of walkability, local amenities, and urban convenience, while investors are offered an opportunity to acquire a well-maintained asset in one of San Diego’s most supply-constrained rental markets.

FOR SALE DETAILS

PRICE

$4,100,000 USD

PRICE/SF

$433 USD /SF

# OF UNITS

13

PRICE/UNIT

$315,385

CAP RATE

3.92%

% 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

20

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,265 SF

ZONING

RM-1-1

APN/PARCEL ID

439-402-36

ASK ABOUT THIS PROPERTY

720-841-8139

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

720-841-8139

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