Home | San Diego County | San Diego | 92116 | 4576 4582 Felton St
MLS: CRPTP2607746 | Status: | Price: $2,300,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 6,628 | 2024 |
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.
| Field | Value |
|---|---|
| MLS # | CRPTP2607746 |
| MLS Source | California Regional MLS |
| Days on Site | 0 |
| Feature | Details |
|---|---|
| Appliances | Other |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 1 Car(s) |
| HOA Fee | $0 |
Reese Nickell
Freedom Realty
License #: 02195727
Phone: (858) 327-1544
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Adams Elementary School | public | K-5 | 0.21 mi | 7 |
| Normal Heights Elementary School | public | K-5 | 0.52 mi | 5 |
| Edison Elementary School | public | K-5 | 0.71 mi | 7 |
| Garfield Elementary School | public | K-5 | 0.75 mi | 7 |
| Wilson Middle School | public | 6-8 | 0.79 mi | 3 |
| Central Elementary School | public | K-5 | 0.82 mi | 4 |
| Alba School | public | 1,2,3,4,5,6,7,8,9,10,11,12 | 1.00 mi | 1 |
| San Diego Adult | public | UG | 1.04 mi | N/A |
| Jefferson Elementary School | public | K-5 | 1.09 mi | 7 |
| Franklin Elementary School | public | K-5 | 1.10 mi | 5 |
| Cherokee Point Elementary School | public | K-5 | 1.11 mi | 3 |
| Trace School | public | 9-12 | 1.11 mi | N/A |
| Hoover High School | public | 9-12 | 1.42 mi | 4 |
| Birney Elementary School | public | K-5 | 1.57 mi | 10 |
| Home & Hosp/Transition Support | public | K-12 | 1.59 mi | N/A |
| McKinley Elementary School | public | K-5 | 1.64 mi | 10 |
| Rosa Parks Elementary School | public | K-5 | 1.71 mi | 4 |
| Joyner Elementary School | public | K-5 | 1.74 mi | 4 |
| Euclid Elementary School | public | K-5 | 1.80 mi | 8 |
| Clark Middle School | public | 6-8 | 1.90 mi | 2 |
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This listing information is up-to-date as of October 15, 2026. For the most current information, please contact Reese Nickell, (858) 327-1544.