4533 North Avenue, San Diego, CA 92116
Commercial property · 2 recorded sales since 2016
Sold April 2019
Listing Agent: Chris Robinson (DRE #01346887) · Listing Office: Acre Investment Real Estate · Contact: 619-255-3222 · Bought with: Anelia Genchev · Century 21 Award · MLS #190008686 · Source: CRMLS
About this commercial property
We are proud to present "4533 North," a rare “West of Park Blvd” completely renovated 9-unit apartment community located in University Heights - one of San Diego's coolest urban neighborhoods. This one-of-a-kind property has been meticulously redesigned and remodeled at a cost of more than $50,000 per unit by Vaerus Urban Designs, San Diego's preeminent contemporary apartment renovation company. Every box has been checked to create the finest renovated apartment building in the University Heights/North Park area. The subject property is comprised of three (3) - 2Bed/1.5Bath units & six (6) – 1Bed/1Bath units, all featuring contemporary high-end interiors, surrounding a stylishly-designed BBQ courtyard. There is ample on-site parking for resident convenience. The property is located on a quiet, residential street only steps away from Park Blvd's vibrant restaurants, shops, cafes & breweries. Due to the unparalleled location and elevated lifestyle offered by the community, the property rents quickly with little turnover. The flat topography of the neighborhood lends itself perfectly to cyclists who can secure their bikes to an onsite bike-rack in the property's courtyard. Front & rear secured keypad access provides peace of mind while the new curb appeal is modern, high-end and creates a "cool" space for residents to call home. 4533 North is an ideal acquisition for the passive multi-family investor looking to acquire a trophy property in a prime location offering steady, tax-advantaged cash flow, solid rental growth, substantial upside potential through implementation of a ratio utilities billing system ("RUBS"), and future property appreciation due to the fundamentals, ongoing gentrification and strong renter demand for this highly-desirable University Heights neighborhood. Amenities: BBQ Exterior: ,,
Listing description from the April 2019 sale, as reported to CRMLS.
Sale history
