4576 4582 Felton ST, San Diego, CA 92116
4576 4582 Felton ST, San Diego, CA 92116
4576 4582 Felton ST, San Diego, CA 92116
34
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$2,300,000
Est. payment /mo
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6,629 Sqft Lot
New

4576 4582 Felton ST San Diego, CA 92116

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Sandy Rodriguez

Sandy Rodriguez

+1(619) 309-7405

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2607746

HOA Y/N No

Year Built 2024

Lot Size 6,629 Sqft

Property Description

Rare 7-unit Normal Heights offering with the heavy lifting done. Two detached buildings on one lot: a 1926 Spanish-style 2BD/2BA single-family home, fully renovated in 2022, with its own detached garage and private fenced yard, plus a brand-new two-story building of six units completed in 2026 (two 2BD/2BA and four 1BD/1BA). The new units feature private entries, ductless mini-split A/C, tankless water heaters, quartz counters, electric ranges, fire sprinklers and individual water sub-meters. Six of seven units are leased at 2026 market rents, and one unit is ready to lease. Currently operating at a 5.64% cap rate, with the potential to reach 6.60% once stabilized. New construction means little deferred maintenance, and the new units may be exempt from AB 1482 rent caps (buyer to verify). Walk to the cafes, restaurants and shops of Adams Ave, minutes to North Park, I-805 and I-8.

Location

State CA

County San Diego

Area 92116 - Normal Heights

Zoning R-3:Restricted Multiple

Interior

Fireplace No

Laundry Inside, See Remarks, Stacked

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Park, Sidewalks

View Y/N No

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Others

Senior Community No

Tax ID 4475212900

Acceptable Financing Cash, 1031 Exchange, Submit

Listing Terms Cash, 1031 Exchange, Submit

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2607746

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Reese Nickell Freedom Realty reeseknickell@gmail.com, DRE #02195727

NEARBY SCHOOL & BUSINESS

Sandy Rodriguez
Sandy Rodriguez

Real Estate Professional License ID: 01908969

+1(619) 309-7405 | sandy@sandysellssocal.com

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4576 4582 Felton ST

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