San Diego, CA 92116,4585 Felton St
San Diego, CA 92116,4585 Felton St
San Diego, CA 92116,4585 Felton St
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Melissa Seanez

Melissa Seanez

+1(626) 723-6030
$2,450,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 260001642SD

HOA Y/N No

Property Sub-Type Mixed Use

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 92116 - Normal Heights

Interior

Heating Wall Furnace

Fireplace No

Others

Tax ID 4475220400

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

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

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CRMLS – RECore
Listed by Christina Labowicz ACI Apartments

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Melissa Seanez

Melissa Seanez

+1(626) 723-6030

Agent | License ID: 02137015

Agent License ID: 02137015

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