4668 39th st
San Diego, CA, 92116 $ 2,350,000
Baths2.0 Monthly Estimate*
$ 14,661
Listed by Michael Stowers
Studio for $2,350,000 with 2 full baths. This home was built in 1985 on a lot size of 0.0997.
Prime Investment Opportunity in Normal Heights – 4-Unit Luxury Fourplex with Redevelopment Potential Located in the heart of Normal Heights, this exceptional fourplex offers the perfect blend of immediate cash flow, luxury upgrades, and long-term redevelopment upside in one of San Diego’s most desirable rental submarkets. This fully remodeled property features four spacious units: Two 2-bedroom, 2-bathroom units, One 2-bedroom, 1.5-bath townhouse, and One 2-bedroom, 1-bath unit Each unit showcases designer-inspired kitchens with high-end appliances, custom flooring, fully renovated bathrooms, modern lighting, in-unit washer/dryers, mini-split AC systems, dual-pane windows, and fresh custom paint. Reserved parking is included. Four single-car garages, offering additional income potential through parking rentals or future ADU conversions (plans already approved with permits) unlocking significant redevelopment potential in a supply-constrained, high-demand area. Whether you're seeking stable returns, value-add upside, or a long-term hold, this asset delivers. Just steps from Adams Avenue and directly across from Ward Park, residents enjoy walkable access to Antique Row, trendy restaurants, coffee shops, bars, and vibrant local culture. With proximity to Downtown, Mission Valley, SDSU, and major freeways (15, 8, 805, 163, and 5), this location consistently attracts quality tenants.
See more
FeaturesGeneralHeating Electric Zoned
Cooling Zoned
Roof Rolled/Hot Mop
Appliances Gas Water Heater Tankless Water Heater
Zoning R-3
HOA Fee 0
Year Built 1985
Tenant Pays Electricity
Stories Count 2
Levels Two
County San Diego
Net Operating Income 0
Property Type Residential Income
Subdivision Name Normal Heights
Status Active
Directions Adams Ave to 39th st CrossStreet: Adams Ave
City San Diego
Disclosures Incorporated
Senior Community Y/N 0
Number Of Units Total 4
MLS Area 92116 - Normal Heights
Lot Size Units Square Feet
Lot Size Square Feet 4345
Listing Terms Cash Conventional FHA
Standard Status Active
Cap Rate 0
See more
InteriorTotal Stories 2
Air Conditioning Y/N 1
Heating Y/N 1
Total Baths 0
See more
ExteriorTotal Parking 0
Lot Size Area 4345
Park Name 4668 39th
Number of Buildings 1
Spa 0
Lot Size Acres 0.0997
Lot Size Source Public Records
See more
* Excluded FeaturesList Byoffice.sbirealty@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $14,661
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in San Diego, CA
Average List Price $2,246,988
Percent of Sale Price 4%
About San Diego, CA 1,417,428 Population
15% Since 2002
$ 72,408 Median Income
36.37 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/20/2025 | $2,350,000 | | Listed Price |