San Diego, CA 92116,4585 Felton St
San Diego, CA 92116,4585 Felton St
San Diego, CA 92116,4585 Felton St
25
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$2,450,000
Est. payment /mo
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8 Beds
8 Baths
5,954 SqFt
New

4585 Felton St San Diego, CA 92116

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Jesse Ibanez

Jesse Ibanez

+1(858) 337-2796

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 5,954 sqft

Price per Sqft $411

MLS Listing ID 260001642

Bedrooms 8

Property Sub-Type Com-Res Income

Property Description

Palm Villas is located in Normal Heights, one of San Diego's highest- demand and most resilient submarkets, prized for its walkable access to the shops, restaurants, and nightlife along Adams Avenue, the cultural energy of North Park, and the charm and architectural character associated with neighboring Kensington. This central location consistently attracts long-term tenants who value lifestyle, convenience, and neighborhood identity, supporting strong rent durability and low vacancy. The property has been thoughtfully remodeled, allowing it to compete at the upper end of the rental market without relying on speculative upgrades. Current in-place rents are just below nearby comparable properties, offering buyers immediate confidence in the income stream, with future upside driven by organic market growth and allowable annual rent increases rather than aggressive repositioning. Featuring a rare 71% ratio of 2BR/2BA units, 8 parking spaces and on-site laundry, this property is a premium long-term hold for any portfolio.

Location

State CA

County San Diego

Area Metro Uptown

Interior

Heating Wall

Flooring Slab

Fireplace No

Exterior

Parking Features Carports, Spaces

View Y/N No

Building

Story 2

Others

Senior Community No

Tax ID 447-522-04-00

Acceptable Financing Cash, Cash to New Loan, Exchange Down, Exchange Up, Other/Remarks

Listing Terms Cash, Cash to New Loan, Exchange Down, Exchange Up, Other/Remarks

Virtual Tour https://www.zillow.com/homedetails/4585-Felton-St-APT-2-San-Diego-CA-92116/2105718603_zpid/?mmlb=p,0

MLS Router / San Diego MLS
Listed by Christina M Labowicz ACI Apartments

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Jesse Ibanez

Jesse Ibanez

Agent | License ID: 01405643

+1(858) 337-2796

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4585 Felton St

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