4358-64 36th St, San Diego, CA 92104
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
Listed by: jason j lee
Office: nara advisors, inc.
MLS#:250035313
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,375,000
- Price per sq. ft.:$625
About this home
Located in the heart of Normal Heights, this well-positioned fourplex offers a rare combination of current cash flow and long-term upside in one of San Diego’s most desirable rental submarkets. The property consists of four 1-bedroom,1-bathroom units, along with four single-car garages at the rear of the lot. The garages provide flexibility for additional income through parking rentals or future ADU conversions, subject to city approval. With in-place rents generating $7,180 per month, this asset offers immediate cash flow and clear upside through unit renovations and rent growth. Located in a supply-constrained, high-demand submarket, it offers a rare blend of stability, value-add potential, and long-term investment appeal. Situated on a spacious 6,261 square foot parcel, the density of the lot is currently at a 6.5 FAR in Tier 3 of the Complete Communities Ordinance of San Diego County. This allows for significant redevelopment potential to maximize the allotted space in one of metro San Diego's most rapidly appreciating submarkets. Normal Heights remains one of San Diego’s most walkable and in-demand neighborhoods, known for its eclectic charm, strong tenant demand, and close proximity to coffee shops, restaurants, bars, and freeway access. This location consistently draws quality tenants, adding another layer of confidence to any investment strategy.
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Home facts
- Year built:1943
- Listing ID #:250035313
- Added:103 day(s) ago
- Updated:November 15, 2025 at 04:11 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Living area:2,200 sq. ft.
Structure and exterior
- Year built:1943
- Building area:2,200 sq. ft.
Finances and disclosures
- Price:$1,375,000
- Price per sq. ft.:$625
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