5
See all 5 photos
$3,095,000
Est. payment /mo
9 Beds
3,400 SqFt
New
4513-23 Cleveland Ave San Diego, CA 92116
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Key Details
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 3,400 sqft
Price per Sqft $910
MLS Listing ID 250044414
Bedrooms 9
Lot Size 7,010 Sqft
Property Sub-Type Com-Res Income
Property Description
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.
Location
State CA
County San Diego
Area Metro Uptown
Zoning R-3:RESTRI
Direction 4513-23 Cleveland Ave. San Diego CA 92116
Interior
Heating Wall
Cooling Wall/Window
Flooring Wood
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Dwelling Type Apartment
Story 1
Others
Senior Community No
Tax ID 445-112-12-00
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Listed by Daniel Freifeld San Diego Exclusive Properties
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