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.

Features
Heating System:
Wall
Cooling System:
Wall/Window
Flooring:
Wood
Address Map
Country:
US
State:
CA
County:
SD
City:
San Diego
Zipcode:
92116
Street:
Cleveland Ave
Street Number:
4513-23
Longitude:
W118° 51' 1.2''
Latitude:
N32° 45' 34.3''
Directions:
4513-23 Cleveland Ave. San Diego CA 92116
Mls Area Major:
Metro Uptown
Zoning:
R-3:RESTRI
Additional Info
Office Name:
San Diego Exclusive Properties
Agent Name:
Daniel Freifeld
Additional Information
Building Size:
3400
Construction Materials:
Wood Fence, All Auto Sprinklers, Fully Landscaped, Shutters
Levels:
1 Story
Number Of Units Total:
6
Stories:
1
Listing Information
List Agent Mls Id:
708459
List Office Mls Id:
992058
Listing Term:
Cash,Cash to New Loan
Mls Status:
ACTIVE
Modification Timestamp:
2025-11-21T07:30:58Z
Originating System Name:
SDMLS
Special Listing Conditions:
N/K

Residential Income

4513-23 Cleveland Ave, San Diego, CA 92116

9 Bedrooms
6 Bathrooms
3,400
$3,095,000
Listing ID #250044414
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
250044414
Price :
$3,095,000
Bedrooms :
9
Bathrooms :
6
Square Footage :
3,400
Status :
Active
Property Sub Type :
Com-Res Income
Roof:
Composition
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