4.5% CURRENT CAP RATE | 4.8% TURNOVER CAP RATE. 4647 Alabama Street is a like new, extensively renovated, 8 unit URBAN luxury multi-family asset located in the heart of upscale University Heights in mid-city San Diego. The asset is in a class “A” location and has been completely redesigned and upgraded throughout. The unit mix is predominately 2BR units with 4 – 2BR/2BA’s; 2 – 2BR/1BA’s & 2 – 1BR/1BA’s. This highly desirable property and location attracts an upscale resident with substantial income and credit rating. Property can be purchased individually or with 4440 Boundary Street, San Diego CA 92116 - Located in North Park.