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$ 2,375,000
Est. payment /mo
Pending
4585 Felton St San Diego, CA 92116
11 Beds
12 Baths
5,954 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Pending
Purchase Type For Sale
Square Footage 5,954 sqft
Price per Sqft $398
MLS Listing ID 260001642
Bedrooms 11
Full Baths 11
Property Sub-Type Com-Res Income
Property Description
Palm Villas features a rare, high-demand unit mix consisting of (5) 2BR/2BA units and (2) 1BR/1BA units. This 71% ratio of two-bedroom floor plans provides significant rent upside and attracts stable, long-term tenants who prioritize the flexibility of a second bedroom for home offices or roommates. Boasting a Walk Score of 93, the property is perfectly positioned in Normal Heights, just steps from the vibrant dining and nightlife of Adams Avenue, North Park, and Kensington. This turn-key asset includes (8) dedicated parking spaces and on-site laundry, essential amenities that drive high tenant retention. Thoughtfully maintained to command top-tier rents without further capital expenditure, the property offers an immediate, reliable income stream. With current rents sitting just below market comps, investors can realize clear organic growth through annual allowable increases. This is a durable, premium acquisition designed for long-term portfolio growth in one of San Diego's most resilient submarkets.
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
Listed by Christina M Labowicz, DRE#02055851 ACI Apartments
NEARBY SCHOOL & BUSINESS