$2,300,000

Multi Family In San Diego

  • 5 Beds
  • 5 Baths
  • 6,630 Sqft lot
  • Updated: Today
  • Source:
    San Diego MLS  MLS#PTP2607746

About the Property

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
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.
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  • Property type

    Other

  • Floors

    2

Features

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4576-4582 Felton Street, San Diego, California, United States View on Google Maps
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Freedom Realty - San Diego

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Freedom Realty - San Diego
California, United States
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3
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2026
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Freedom Realty - San Diego
San Diego, California, United States
View agency profile
Last updated
Today
First listed
October 16
Listing reference
PTP2607746
Listing status
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