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Renovated 6-Unit Multifamily Investment 4154-4158 Estrella Ave 6 Unit Apartment Building $3,115,420 CAD ($519,237 CAD/Unit) 3.15% Cap Rate San Diego, CA 92105

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Investment Highlights

6-unit multifamily asset with a diversified mix of (1) two bedroom, (3) one bedroom, and (2) studio units
Individually metered gas and electric on every unit
Well maintained communal courtyard supports tenant retention and curb appeal in a centrally located, well connected San Diego submarket

New windows along with completed exterior and interior renovations, reducing near term capital needs
On site laundry adds a recurring ancillary income stream beyond base rent

Executive Summary

Lee & Associates Multifamily Group - North San Diego County is pleased to present 4154-4158 Estrella Avenue, a renovated 6-unit multifamily investment opportunity located in the highly accessible Colina Del Sol / City Heights submarket of San Diego. Situated on an approximately 6,291 square foot lot, the property consists of six apartment units totaling approximately 3,011 square feet and features a desirable unit mix of (1) two-bedroom/one-bath unit, (3) one-bedroom/one-bath units, and (2) studio units. Built in 1950, the property offers investors a well-maintained asset with stable in-place income, operational efficiencies, and continued rental upside.
The property has benefited from significant capital improvements, including interior and exterior renovations, new windows, upgraded common areas, and a professionally maintained communal courtyard that enhances tenant appeal and livability. Additional amenities include on-site laundry facilities and six parking spaces consisting of two single surface spaces and two tandem parking areas. The property is also separately metered for gas and electric, helping reduce operating expenses and improve management efficiency.
Located in the heart of central San Diego, the property provides residents with convenient access to neighborhood shopping, dining, schools, public transportation, and major employment centers. The asset benefits from exceptional connectivity via Interstate 15, Interstate 805, and State Route 94, allowing quick access to Downtown San Diego, Mission Valley, North Park, SDSU, and numerous employment hubs throughout the region.
City Heights and Colina Del Sol continue to experience strong rental demand driven by their central location, diverse community, and ongoing neighborhood reinvestment. With an attractive unit mix, recent renovations, utility efficiencies, and proximity to major transportation corridors, 4154-4158 Estrella Avenue presents an outstanding opportunity for investors seeking both immediate cash flow and long-term appreciation potential in one of San Diego's most established urban rental markets.
Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, and market rental assumptions.
Property Highlights
• 6-Unit Multifamily Investment Opportunity
• Unit Mix: (1) 2 Bed / 1 Bath, (3) 1 Bed / 1 Bath, (2) Studio Units
• ±3,011 SF Building Area
• ±6,291 SF Lot
• Built in 1950
• Renovated Interior & Exterior
• New Windows
• Attractive Communal Courtyard
• Separately Metered for Gas & Electric
• On-Site Laundry Facilities
• 6 Parking Spaces
o (2) Single Surface Spaces
o (2) Tandem Parking Spaces
• Strong In-Place Income with Rental Upside
• Convenient Access to I-15, I-805 & SR-94
• Minutes from Downtown San Diego, Mission Valley, North Park & SDSU
• Located in the High-Demand City Heights / Colina Del Sol Submarket
• Offered Exclusively by Lee & Associates Multifamily Group - North San Diego County
Offering Guidelines
All offers will be presented to ownership as received.
Ownership has indicated a preference for a closing on or before December 31, 2026.
Buyers are encouraged to submit their highest and best pricing and terms.
Seller reserves the right to accept, reject, or negotiate any offer at its sole discretion.
For More Information Contact
Eric von Bluecher | D 760.929.7846 | evb@lee-associates.com
Ivan Del Muro-Garcia | D 760.448.2451 | idmg@lee-associates.com
Lee & Associates Multifamily Group - North San Diego County

Property Facts

Price	$3,115,420 CAD	Apartment Style	Low-Rise
Price Per Unit	$519,237 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.14 AC
Cap Rate	3.15%	Building Size	3,011 SF
Gross Rent Multiplier	17.53	No. Stories	1
No. Units	6	Year Built	1950
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Apartment
Zoning	R4 - Buyer to verify

Price	$3,115,420 CAD
Price Per Unit	$519,237 CAD
Sale Type	Investment
Cap Rate	3.15%
Gross Rent Multiplier	17.53
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.14 AC
Building Size	3,011 SF
No. Stories	1
Year Built	1950
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R4 - Buyer to verify