4513-19 55th St 4513 55th St 4 Unit Apartment Building $1,526,140 CAD ($381,535 CAD/Unit) 5.10% Cap Rate San Diego, CA 92115

Located in City Heights, this 4-unit multifamily property at 4513–19 55th Street offers investors a well-maintained four-unit multifamily property in central San Diego. The property consists of a single residential structure built in 1948, with all units configured as 1BR–1BA layouts, a simple and efficient unit type that is easy to lease and manage.
All units include a full a size washer/dryer and have been updated with wood or vinyl plank flooring, quartz countertops, stainless steel appliances, and remodeled bathrooms. Each unit includes built-in wall air conditioning, an important comfort feature for tenants in this area.
The property has been well maintained, supporting stable ownership and reducing near-term maintenance concerns. Off-street parking allows for two tandem vehicles, a practical benefit in a dense residential neighborhood.
One of the key demand drivers for this location is its proximity to San Diego State University, which supports a steady renter base of students, staff, and nearby workforce tenants. Combined with convenient access to transit, neighborhood services, and major roadways, the property offers a straightforward rental profile that is easy to understand and operate. The small unit count, uniform layout, and updated condition support a straightforward ownership profile and reliable rental income in a well-established central San Diego neighborhood.