Properties

San Diego, CA 92116 4585 Felton St

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Presented By: Christina Labowicz with ACI Apartments;
  • MLS# 260001642SD
  • 01/22/2026
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Home Details

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 and upgraded 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 Diegoโ€™s most resilient submarkets.
Presented By: Christina Labowicz with ACI Apartments;

Interior Features for 4585 Felton St

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
Heating Y/NYes

General for 4585 Felton St

Cap Rate5.33
CitySan Diego
Construction MaterialsStucco
CountySan Diego
HOA Fee$
HeatingWall Furnace
Listing TermsCash, Cash to New Loan
MLS Area92116 - Normal Heights
Net Operating Income126550
Number Of Units Total7
Operating Expense57650
PostalCitySAN DIEGO
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeCommercial Sale
Standard StatusActive
StatusActive
Virtual TourClick here

Exterior for 4585 Felton St

Number of Buildings1
Total Parking0

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,375,000
MLS#260001642SD
List Date 01/22/2026
Property Type Commercial
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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