Da Toucan Apartments
Da Toucan at University Heights | 10 Units Fully Renovated | $5,000,000 | 4.52% Cap Rate
Marketing description
Whitewater Commercial Real Estate presents a rare opportunity to acquire a fully renovated apartment community located in the heart of the University Heights neighborhood of San Diego.
Built in 1971 and extensively renovated in 2026, 4659 North Avenue consists of 6,519 square feet of rentable living space situated on a 7,000 square foot lot. The property features an attractive and well-balanced unit mix of seven 1-bedroom / 1-bathroom units, two 2-bedroom / 1.5-bathroom units, and one 2-bedroom / 2-bathroom unit.
Each unit has been elegantly renovated with modern interior finishes including quartz counter tops, updated cabinetry, and vinyl plank flooring. Residents also enjoy a variety of desirable amenities such as air conditioning, in-unit laundry, ceiling fans, upgraded bathrooms, and dedicated off-street parking for every unit.
With its prime location, extensive renovations, ample parking, and strong demand for rental housing, 4659 North Avenue offers investors a turnkey opportunity positioned for stable cash flow and long-term appreciation in one of San Diego’s most desirable rental markets.
Investment highlights
- Fully renovated in 2026 — turnkey, low-maintenance asset
- 10 units: seven 1BD/1BA, two 2BD/1.5BA, one 2BD/2BA
- New electrical (400-amp service) and upgraded plumbing
- 10 off-street parking spaces, secure gated entry
- Quartz counters, stainless appliances, in-unit laundry, A/C
- Walk Score of 90 — steps from a thriving local scene of acclaimed restaurants, breweries, bars and coffee shops in University Heights on Park Blvd
- Minutes from Balboa Park, North Park, South Park, and Downtown San Diego
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