Multifamily Apartment
4585 Felton Street San Diego, CA 92116
4585 Felton Street, San Diego, CA, 92116
$2,450,000
For Sale
$2,450,000
Apartment building with five 2BR/2BA units, two 1BR/1BA units, on-site laundry, and eight dedicated parking spaces.
Property Size5,954 SF
Price / SF$411.49
Days on Market180
Property Features for 4585 Felton Street
General Information
- Standard status
- Active
- Size
- 5,954 SF
- Property subtype
- Commercial-Res Income / Com-Res Income
Listing agency
ACI Apartments
(858) 876-5701
Listed by
Christina M Labowicz · License #02055851
(858) 876-5701
Source
Compass
Added: Jan 22 Updated: Jul 20 at 4:51PM Checked: Jul 21 at 5:58AM
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 ACI Apartments
Investment Insights
Based on property information with market context.
Palm Villas is an apartment building featuring a unit mix of five 2BR/2BA units and two 1BR/1BA units. The property is presented as turn-key and includes on-site laundry along with eight dedicated parking spaces.
Located in Normal Heights at 4585 Felton Street in San Diego, the property is described as having a Walk Score of 93 and being within steps of dining and nightlife associated with Adams Avenue, North Park, and Kensington.
The offering notes the two-bedroom floor plan ratio as 71% and highlights that the property has been maintained and upgraded with no further capital expenditure identified as required.
Located in Normal Heights at 4585 Felton Street in San Diego, the property is described as having a Walk Score of 93 and being within steps of dining and nightlife associated with Adams Avenue, North Park, and Kensington.
The offering notes the two-bedroom floor plan ratio as 71% and highlights that the property has been maintained and upgraded with no further capital expenditure identified as required.
Key Highlights
- Palm Villas is a 7‑unit apartment building with (5) 2BR/2BA units and (2) 1BR/1BA units
- Features 8 dedicated parking spaces and on‑site laundry
- Located in Normal Heights with a Walk Score of 93, steps from Adams Avenue, North Park, and Kensington
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $189.3k | $31.80 |
| − Vacancy | −$10.4k | −$1.75 |
| EGI | $178.9k | $30.05 |
| − OpEx | −$80.5k | −$13.52 |
| NOI | $98.4k | $16.53 |
5,954 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,408 @ 7.0% cap · market cap 4.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.35M
$2.06M – $2.74M
NOI $164,616 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Apartment building with five 2BR/2BA units, two 1BR/1BA units, on-site laundry, and eight dedicated parking spaces.
Where is this apartment building located?
The property is located at 4585 Felton Street San Diego, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Palm Villas is a 7‑unit apartment building with (5) 2BR/2BA units and (2) 1BR/1BA units; Features 8 dedicated parking spaces and on‑site laundry; Located in Normal Heights with a Walk Score of 93, steps from Adams Avenue, North Park, and Kensington
