4585 Felton St, Normal Heights, CA 92116
- $2,350,000
- 11
- BD
- 11
- BA
- 5,954
- SqFt
Listing courtesy of Listing Agent: Christina M Labowicz (858-876-5701) from Listing Office: ACI Apartments.
Selling Office: Palma Commercial.- Sold Price
- $2,350,000
- List Price
- $2,375,000
- Status
- CLOSED
- Days on Market
- 124
- Closing Date
- May 26, 2026
- MLS#
- 260001642
- Subtype
- Residential Income
- Bedrooms
- 11
- Bathrooms
- 11
- Full Baths
- 11
- Living Area
- 5,954
- MLS Area Major
- San Diego Central
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.
Additional Information
- Flooring
- Slab
- Heating
- Wall Unit(s)
- Stories
- 2
- Levels
- Two
- Parking Features
- Carport, Parking Spaces
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