4576 4582 Felton Street San Diego, CA $ 2,300,000
4576 4582 Felton Street
$ 2,300,000
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4576 4582 Felton Street

San Diego, CA, 92116
$ 2,300,000
Bedrooms-- Baths2.0 Sq 4,476

Monthly Estimate*

$ 15,886

Listed by Reese Nickell, Freedom Realty, reeseknickell@gmail.com
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Multi-Family Home for sale in San Diego, CA

for $2,300,000 with 2 full baths. This 4,476 square foot home was built in 2024 on a lot size of 0.1522.

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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Multi-Family Active

Price

$ 2,300,000

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1522

Year Built

2024

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

PTP2607746

Days on Market

1

Features
General
Sewer Public Sewer
Zoning R-3:Restricted Multiple
HOA Fee 0
Garage Spaces 1
Pool Features None
Year Built 2024
Gross Income 190813
Community Features Park Sidewalks
County San Diego
Net Operating Income 129672
Operating Expense 61141
Insurance Expense 7000
Property Type Residential Income
HOA false
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions GPS
City San Diego
Entry Location 1 2
Senior Community Y/N false
Open Parking Spaces 2
Number Of Units Total 7
MLS Area 92116 - Normal Heights
Lot Size Units Square Feet
Lot Size Square Feet 6628
Listing Terms Cash 1031 Exchange Submit
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 3545
Fuel Expense 0
Trash Expense 4506
Water Sewer Expense 1664
Rent Control Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2607746
Building Area Units Square Feet
Standard Status Active
Tax Lot 4475212900
Taxes 27600
Cap Rate 5.64
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Air Conditioning Y/N false
Heating Y/N false
Fireplace Y/N false
Laundry Features Inside See Remarks Stacked
Entry Level 1
Total Baths 0
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Exterior
Lot Features 0-1 Unit/Acre
Total Parking 3
Lot Size Area 6628
Number of Buildings 2
Spa false
Building Area Total 4476
Lot Size Acres 0.1522
Private Pool false
Lot Size Source Public Records
Number of Separate Water Meters 7
Number of Separate Gas Meters 8
Number of Separate Electric Meters 8
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* Excluded Features
List By
Reese Nickell

Listing Agent

Freedom Realty

Broker

reeseknickell@gmail.com

Email

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$15,886
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Monthly Principal & Interest
$15,886
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Default based on a 30-year fixed rate of 7.375% 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.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/15/2026$2,300,000 Listed Price

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4576 4582 Felton Street, San Diego, CA, 92116 is a Multi-Family Home for sale at $2,300,000 with 4,476 sqft and a lot size of 0.1522. 4576 4582 Felton Street has 2.0 baths and was built in 2024. The property's zip code is 92116 which is in San Diego, CA