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Listed by Freedom Realty, Reese Nickell, Listing Contact: 858-327-1544

$2,300,000

4576 4582 Felton ST, San Diego CA, 92116

Price per sqftN/A
Built in2024
Property typeMulti-family

Overview

Active

Listed Oct 15, 2026

Updated 3h ago

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.

$15,302/mo

Est. mortgage payment based on a $2,300,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
CRPTP2607746

Interior Features

Basement
No

Exterior Features

Lot Size
0.15 Acres

Other Property Details

Garage
Yes
MLS provider logo

Listed by Freedom Realty, Reese Nickell DRE:02195727,
Listing Contact: 858-327-1544 

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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the MLS Listings, Inc. MLS system. Real estate listings held by brokerage firms other than Clara Lee | CA DRE# 01723333 are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents.

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Data last updated 5:10 AM UTC, 10/16/2026

 

 

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