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New Listing
$2,300,000
 $12,347 est/mo Sourced by Back At You

4576 4582 Felton Street,San Diego, CA 92116

San Diego, CA 92116

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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.

Details

MLS #PTP2607746
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2024
Days On Site5
Listing Provided ByFreedom Realty | Reese Nickell

Features

SQ Feet4,476
Garage1
Story(s)2
Units7
Building(s)2
ZoningR-3:Restricted Multiple
Acreage0.15

Interior

Heating Yes / NoNo
Cooling Yes / NoNo
Fireplace Yes / NoNo

Exterior

Lot FeaturesZero To One Unit Acre

Parking

Garage Yes / NoYes

Utilities

SewerPublic Sewer

Location

Community FeaturesPark, Sidewalks

Area Information

StateCA
CountySan Diego
CitySan Diego
Zip Code92116
Area92116 Normal Heights
Listing VS Median (in 92116)
Price:
$2,300,000
low | high
Med:
$1,100,000
100% of Average
sqft:
4,476
low | high
Med:
916
100% of Average
$ / sqft:
$514
low | high
Med:
$1,201
83.700398708942% of Average
On site:
5
low | high
Med:
15
33.333333333333% of Average
Sourced by Back At You

Market Activity 92116

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Coldwell Banker Home Source

Coldwell Banker Home Source

01902736 (760) 684-8100info@cbhomesource.com
StateCA
CountySan Diego
CitySan Diego
Zip Code92116
Area92116 Normal Heights
Listing VS Median (in 92116)
Price:
$2,300,000
low | high
Med:
$1,100,000
100% of Average
sqft:
4,476
low | high
Med:
916
100% of Average
$ / sqft:
$514
low | high
Med:
$1,201
83.700398708942% of Average
On site:
5
low | high
Med:
15
33.333333333333% of Average
Sourced by Back At You
Listing Updated: October 16, 2026 at 12:07:18 AM PDT

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