7-Unit Apartment
For Sale
$2,300,000
4576-4582 Felton Street, San Diego, CA 92116
Two separate buildings on one parcel combine a renovated single-family home with a newly completed six-unit building.
Property SizeContact for details
Days on Market16
Property Features for 4576-4582 Felton Street
General Information
Standard status
Active
Property subtype
Res Income 2-4 Units
Site & Location
Neighborhood
Normal Heights
Highway Access
Yes
Units
Unit Mix
1 x 2BD/2BA, 2 x 2BD/2BA, 4 x 1BD/1BA
Multifamily Units
7
Individually Metered Utilities
water
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Additional Details
Cap Rate
5.64%
Sprinkler System
Yes
Building Details
Buildings
2
Listing Agency:
Freedom Realty
Listed By:
Reese Nickell · License #02195727
(858) 327-1544
Source:
Bookmarkrealty
Added: Oct 15
Changed: Oct 26
Last Checked: Oct 26 at 3:29PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Freedom Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises two detached buildings on one lot. A Spanish-style single-family residence dating to 1926 has two bedrooms, two bathrooms, a detached garage, and a private fenced yard; it was renovated in 2022. The second building, completed in 2026, is two stories and contains six apartments: two with two bedrooms and two bathrooms, and four with one bedroom and one bathroom. Each new apartment has a private entry, ductless mini-split A/C, a tankless water heater, quartz counters, an electric range, fire sprinklers, and an individual water sub-meter.
Six of the seven units are leased at 2026 market rents, while the remaining unit is ready for leasing. The property is reported at a 5.64% cap rate, with a stated 6.60% potential upon stabilization. The new units may be exempt from AB 1482 rent caps; buyers should verify applicability.
Located on Felton Street in San Diego’s Normal Heights, the property is within walking distance of Adams Avenue cafes, restaurants, and shops, and a short drive from North Park, I-805, and I-8.
Six of the seven units are leased at 2026 market rents, while the remaining unit is ready for leasing. The property is reported at a 5.64% cap rate, with a stated 6.60% potential upon stabilization. The new units may be exempt from AB 1482 rent caps; buyers should verify applicability.
Located on Felton Street in San Diego’s Normal Heights, the property is within walking distance of Adams Avenue cafes, restaurants, and shops, and a short drive from North Park, I-805, and I-8.
Key Highlights
- Seven apartments across two detached buildings on one lot
- 1926 home renovated in 2022; two‑story six‑unit building completed in 2026
- Unit mix: two 2BD/2BA apartments and four 1BD/1BA apartments
Property Analytics
Lease Details
7
Residential units
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,293
Businesses Nearby
Explore this area
Business Placement
Demographics for 92116, CA
31,523
Population
17,827
Households
1.8
Avg Household Size
37
Median Age
58%
College-Educated
96%
High-School Grad
3.4 sq mi
ZIP Area
9,271
Density / Sq Mi
$95,775
Median Household Income
$63,420
Median Earnings
$1,903
Median Rent
$898,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two separate buildings on one parcel combine a renovated single-family home with a newly completed six-unit building.
Where is this apartment building located?
The property is located at 4576-4582 Felton Street San Diego, CA.
What is the asking price?
The asking price for this property is $2,300,000.
What are key features of this property?
This property features: Seven apartments across two detached buildings on one lot; 1926 home renovated in 2022; two‑story six‑unit building completed in 2026; Unit mix: two 2BD/2BA apartments and four 1BD/1BA apartments
