4744 Hawley Blvd 13 Unit Apartment Building $4,100,000 ($315,385/Unit) 3.92% Cap Rate San Diego, CA 92116

We are pleased to present 4744 Hawley Boulevard, a 13-unit multifamily investment opportunity located in the highly desirable Normal Heights submarket of San Diego. Built in 1969, the property features a wellbalanced unit mix consisting of ten (10) two-bedroom/one-bath units and three (3) one-bedroom/one-bath units, appealing to a broad tenant base seeking larger floor plans in one of San Diego’s most walkable urban neighborhoods. There are Twenty total parking spaces: Four front tandem (2-car spaces), three double-car garages, one single-car garage, one off-street rear space, and one 4-car rear tandem space. The asset has benefited from substantial capital improvements designed to reduce deferred maintenance and enhance long-term ownership stability. Recent upgrades include electrical system improvements, plumbing enhancements, new exterior paint, extensive fascia and wood repairs, roof replacement, and completed SB721 inspections. These improvements significantly reduce near-term capital expenditure
requirements while supporting continued operational performance. Positioned along the vibrant Adams Avenue corridor, the property benefits from immediate access to Normal Heights’ popular collection of restaurants, coffee shops, breweries, nightlife, and neighborhood-serving retail. Its central location provides convenient connectivity to North Park, Kensington, Downtown San Diego, Balboa Park, and major employment centers throughout the region, supporting strong rental demand and long-term rent
growth potential. Residents benefit from the neighborhood’s unique blend of walkability, local amenities, and urban convenience, while investors are offered an opportunity to acquire a well-maintained asset in one of San Diego’s most supply-constrained rental markets.