4659 North Avenue

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4659 North Avenue

San Diego, CA 92116
Asking Price
$5.00M
Cap Rate
4.52%
Asset Type
Apartment Building Multifamily
Class
Class B

What's Special

Da Toucan at University Heights | 10 Units Fully Renovated | $5,000,000 | 4.52% Cap Rate <ul><li>​Fully renovated in 2026 — turnkey, low-maintenance asset</li><li>​10 units: seven 1BD/1BA, two 2BD/1.5BA, one 2BD/2BA</li><li>​New electrical (400-amp service) and upgraded plumbing</li><li>​10 off-street parking spaces, secure gated entry</li><li>​Quartz counters, stainless appliances, in-unit laundry, A/C</li><li>​Walk Score of 90 — steps from a thriving local scene of acclaimed restaurants, breweries, bars and coffee shops in University Heights on Park Blvd</li><li>​Minutes from Balb

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NOI
$80,000
Cap Rate
1.60%
DSCR
0.27
Underwater
Cash-on-Cash
-14.46%
Monthly Payment
$24,737.272
Annual Cash Flow
$-216,847.263

Location & Travel Times