RE Louisiana 4471-4473 Louisiana St 7 Unit Apartment Building $3,350,000 ($478,571/Unit) 4.41% Cap Rate San Diego, CA 92116

We are pleased to present exclusively for sale 4471 Louisiana Street, a newly constructed and extensively renovated 7-unit apartment community located in the highly desirable University Heights neighborhood of San Diego. Situated on a quiet residential street, the property presents a rare opportunity for both an owner-occupant and passive investor to acquire a turnkey, condo-quality asset in one of San Diego’s most walkable and supply-constrained urban submarkets. The property features a well-balanced unit mix comprised of one (1) twobedroom / two-bath detached house (approximately 800 square feet), four (4) one-bedroom / one-bath units (approximately 575 square feet each),
and two (2) newly constructed one-bedroom ADU units (approximately 425 square feet each).
The entire property has undergone extensive improvements and was either newly constructed or renovated to the studs in 2026, resulting in a cohesive, design-forward community with modern finishes and minimal deferred maintenance. All units are currently leased and tenants reimburse utilities, helping minimize operating expenses and support strong in-place cash flow. The property also includes six off-street parking spaces, with four spaces accessed from the alley and two additional front parking spaces, a valuable amenity in this highly walkable neighborhood. Located in the heart of University Heights, residents benefit from immediate access to a vibrant mix of restaurants, coffee shops, bars, boutique retail, and neighborhood amenities along Park Boulevard and Adams Avenue. The property is also just minutes from North Park, Hillcrest, and Balboa Park, placing tenants in close proximity to some of San Diego’s most desirable lifestyle destinations. 4471 Louisiana Street offers excellent regional connectivity, with convenient access to Interstate 8, State Route 163, and Interstate 805, allowing for efficient travel throughout San Diego County and nearby employment hubs including Downtown San Diego, Mission Valley, and UTC. With its turnkey condition, newly constructed ADUs, strong walkability, and prime central location, 4471 Louisiana Street represents a compelling opportunity to acquire a high-quality multifamily asset in one of San Diego’s most consistently sought-after rental markets.