4657 Felton St - Apartments FOR SALE


San Diego, CA 92116- Normal Heights
$3,150,000 USD
858-735-6632
4657 Felton St, San Diego, CA for Sale
$3,150,000 USD
Apartments - FOR SALE
1/6
null | 5.42% Cap Rate

4657 Felton St
San Diego, CA 92116
Normal Heights


HIGHLIGHTS

  • 5.42% Cap - Prime Normal Heights Turnkey Property
  • Steps from Adams Ave - Center of Normal Heights
  • 9 Parking Spaces
  • Well Maintained Renovation

OVERVIEW

Priced to sell! Contact agent for details! Marcus & Millichap is pleased to present 4657 Felton Street, a 9-unit, 5,942-square-foot multifamily community located in the trendy neighborhood of Normal Heights, just steps from Adams Avenue entertainment, in San Diego. Originally constructed in 1969, the property was repositioned in 2018 with an extensive renovation plan to cater to today’s top renters. The offering is priced at $3,150,000 at a 5.42% cap rate. The building consists of nine units across an efficient mix of two 2-bedroom / 1-bathroom units (approximately 825 SF) and seven 1-bedroom / 1-bathroom units (averaging 615 SF). Additionally, there are 9 off-street parking spaces, AC in all units, and a common laundry facility. This straightforward, highly usable layout caters to a broad urban tenant base and remains consistently attractive to renters in the submarket. Positioned within an up trending established central San Diego infill neighborhood called Normal Heights, the asset benefits from strong, in-place renter demand and convenient proximity to retail, dining, and everyday amenities. Its central location provides seamless access to major employment centers and transit corridors, insulating the asset and supporting high occupancy and durable rental demand. The property offers meaningful mark-to-market upside as a turnkey investment but also has value-add opportunities by providing additional amenities in unit and common areas.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$388 USD /SF

# OF UNITS

9

PRICE/UNIT

$350,000

CAP RATE

5.42%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

RM-1-2

APN/PARCEL ID

439-442-27

ASK ABOUT THIS PROPERTY

Raymond ChoiMarcus & MillichapMore Info
858-735-6632

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Raymond ChoiMarcus & MillichapMore Info
858-735-6632

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.