4513 Cleveland Ave San Diego, CA 92116
University Heights NeighborhoodEstimated payment $19,407/month
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
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
Map
Home Values in the Area
Average Home Value in this Area
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
MLS Number: 250044414
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