Investment Overview

Marcus & Millichap is pleased to present 4411 Louisiana Street located in San Diego, California. The 7-unit apartment complex sits in the highly desirable neighborhood of University Heights and boasts a Walk Score of 89. Built in 1975, the property is situated on a 6,991 square foot lot with approximately 5,310 in rentable square feet. The property features a highly desirable unit mix of large (3) two bedroom / one bathroom units and (4) one bedroom / one bathroom units. Each unit has been meticulously maintained with extensive upgrades such as stainless steel appliances, luxury vinyl plank flooring, and modern light fixtures. Attractive tenant offerings include: a community grill, private decks and patios, gated access, on-site laundry, and air conditioning. Ample parking is provided with (1) double-car garage and (7) off-street parking spaces. Secure gated entry and an automatic gate on the rear parking spaces enhances tenant safety. Low-maintenance landscaping and a RUBS program has been implemented to reduce operating costs to the owner. Remaining upside in rents presents investors with the opportunity to capitalize on the location's desirability to increase cash flow through rent increases. Located one block north of El Cajon Boulevard and minutes from Park Boulevard, the property is within walking distance to all the best attractions University Heights has to offer. The property also enjoys proximity to the 8, 163, and 805 freeways. 4411 Louisiana Street offers a rare opportunity to acquire an extensively renovated asset with significant rental upside in one of San Diego's most rarely-traded submarkets.