$3,095,000

Estimated payment $19,407/month

9 Beds
6 Baths
3,400 Sq Ft
$910 Price per Sq Ft

Highlights

  • Wood Flooring
  • 1-Story Property
  • Wood Fence
  • Birney Elementary School Rated A
  • Landscaped

About This Home

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.

Listing Agent

Daniel Freifeld

San Diego Exclusive Properties License #02242465 Listed on: 11/20/2025

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,010 Sq Ft Lot
  • Wood Fence
  • Landscaped

Home Design

  • Composition Roof

Interior Spaces

  • 9 Bedrooms
  • 3,400 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units
  • Operating Expense $36,471

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 1
  • Unit Levels: 1 Story
  • Property Sub Type: Com-Res Income
  • Co List Office Mls Id: 992058
  • Directions: 4513-23 Cleveland Ave. San Diego CA 92116
  • Living Area: 3400.0
  • Structure Type: Apartment
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-11-21T07:36:12Z
  • FullAddress: 4513-23 Cleveland Ave
  • ShortSale: No
  • SupplementRemarks: 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.
  • Special Features: None

Interior Features

  • Total Bedrooms: 9
  • Flooring: Wood

Exterior Features

  • Roof: Composition
  • Construction Type: All Auto Sprinklers, Fully Landscaped, Shutters, Wood Fence

Utilities

  • Cooling: Wall/Window
  • Heating: Wall

Lot Info

  • Zoning: R-3:RESTRI
  • Lot Size Sq Ft: 7010.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 6
  • Annual Operating Expense: 36471.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2025 11/20/25 For Sale $3,095,000 -- $910 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250044414

San Diego MLS