4513 Cleveland Ave
San Diego, CA, 92116 $ 3,095,000
Bedrooms-- Baths-- Monthly Estimate*
$ 19,056
Listed by San Diego Exclusive Properties
for $3,095,000. The lot size is 0.1609.
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. 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.
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FeaturesGeneralHeating Wall Furnace
Cooling Wall/Window Unit(s)
Roof Composition
Zoning R-3:RESTRI
HOA Fee 0
Property Subtype Mixed Use
County San Diego
Operating Expense 36471
Property Type Commercial Sale
Status Active
Directions 4513-23 Cleveland Ave. San Diego CA 92116
City San Diego
Number Of Units Total 6
MLS Area 92116 - Normal Heights
Lot Size Units Square Feet
Lot Size Square Feet 7010
Listing Terms Cash Cash to New Loan
Virtual Tour https://www.propertypanorama.com/instaview/snd/250044414
Standard Status Active
Property Sub Type Additional Mixed Use
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InteriorAir Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorTotal Parking 0
Lot Size Area 7010
Number of Buildings 1
Lot Size Acres 0.1609
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* Excluded FeaturesList BySan Diego Exclusive PropertiesBroker
dfreifeld@sdexclusiveproperties.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $19,056
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in San Diego, CA
Average List Price $2,522,194
Percent of Sale Price 19%
About San Diego, CA 1,417,428 Population
15% Since 2002
$ 72,408 Median Income
36.37 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/21/2025 | $3,095,000 | | Listed Price |