The Marquis 1751 University Ave 58 Unit Apartment Building $20,000,000 ($344,828/Unit) 4.75% Cap Rate San Diego, CA 92103

Proud to present The Marquis at 1751 University Avenue, an exceptional 58-unit multifamily property located in the highly sought-after Hillcrest neighborhood of San Diego, California. Originally constructed in the 1920s, this well-maintained apartment complex sits on a 13,207-square-foot lot and offers approximately ±41,330 square feet and additionally a very large basement storage area.
The property features a desirable unit mix, including (2) extra large penthouse units w/rooftop decks, (4) two-bedroom / two-bathroom units, (35) one-bedroom / one-bathroom units, and (9) studio apartments. Well maintained, a significant amount of upgrades have occurred over the years. Residents enjoy a variety of amenities such as gated access, a fully equipped fitness center, business center, additional storage, bicycle storage, in-unit fireplaces, and on-site laundry facilities. These offerings enhance tenant satisfaction and contribute to strong rental demand in the area. With current rents below market value and untapped renovation potential, this property represents a compelling value-add opportunity for investors aiming to modernize interiors and boost cash flow.
Strategically positioned in Hillcrest, 1751 University Avenue benefits from exceptional walkability and access to the area’s top attractions. Just blocks away
from iconic Balboa Park and with convenient access to the 163 freeway, the location ensures consistent tenant interest and long-term growth prospects.