24
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$2,375,000
Est. payment /mo
Pending
4585 Felton St San Diego, CA 92116
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 260001642SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Palm Villas features a rare, high-demand unit mix consisting of (5) 2BR/2BA units and (2) 1BR/1BA units. This 71% ratio of two-bedroom floor plans provides significant rent upside and attracts stable, long-term tenants who prioritize the flexibility of a second bedroom for home offices or roommates. Boasting a Walk Score of 93, the property is perfectly positioned in Normal Heights, just steps from the vibrant dining and nightlife of Adams Avenue, North Park, and Kensington. This turn-key asset includes (8) dedicated parking spaces and on-site laundry, essential amenities that drive high tenant retention. Thoughtfully maintained to command top-tier rents without further capital expenditure, the property offers an immediate, reliable income stream. With current rents sitting just below market comps, investors can realize clear organic growth through annual allowable increases. This is a durable, premium acquisition designed for long-term portfolio growth in one of San Diego's most resilient submarkets.
Location
State CA
County San Diego
Area 92116 - Normal Heights
Interior
Heating Wall Furnace
Fireplace No
Others
Tax ID 4475220400
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Virtual Tour https://www.zillow.com/homedetails/4585-Felton-St-APT-2-San-Diego-CA-92116/2105718603_zpid/?mmlb=p,0
Listed by Christina Labowicz ACI Apartments #02055851
NEARBY SCHOOL & BUSINESS
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