4576-4582 Felton Street, San Diego, CA 92116

San Diego
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
4576-4582 Felton Street,San Diego, CA 92116
$2,300,000
  • 5 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Pending
Listed by: reese nickell
Office: freedom realty
MLS#:PTP2607746
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,300,000

About this home

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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Home facts

  • Listing ID #:PTP2607746
  • Added:22 day(s) ago
  • Updated:November 07, 2026 at 10:23 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:5

Finances and disclosures

  • Price:$2,300,000
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