4471 Louisiana St, Normal Heights, CA 92116

$3,250,000

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List Price
$3,250,000
Price Change
▼ $100,000 1785382501
Status
ACTIVE
MLS#
260015131SD
Lot Size
6,993
Acres
0.16
Days on Market
38
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

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 No

Additional Information

Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Exterior Construction
Stucco
Roof
Composition
Attached Structure
Detached
Number Of Units Total
7
Gross Scheduled Income
$220,080
Operating Expense
69165

Listing courtesy of Listing Agent: Conor Brennan (Conor.Brennan@cbre.com) from Listing Office: Conor Brennan, Broker.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.