4755 Felton St - Apartments FOR SALE


San Diego, CA 92116- Adams North
$6,900,000 USD
858-735-6632
4755 Felton St, San Diego, CA for Sale
$6,900,000 USD
Apartments - FOR SALE
1/5
null | 4.78% Cap Rate

4755 Felton St
San Diego, CA 92116
Adams North


HIGHLIGHTS

  • NORTH OF ADAMS AVENUE IN NORMAL HEIGHTS – Highly desirable neighborhood comprised mostly of single-family residences
  • HALF BLOCK FROM ADAMS AVENUE – Highly walkable to all amenities on Adams Avenue – Felton Street & Adams Ave is the center of Adams Avenue
  • (14) OFF-STREET PARKING SPACES – (7) spaces in front and (7) spaces in rear with alley access
  • EXTENSIVE INTERIOR & EXTERIOR RENOVATIONS AND UPGRADES – Upgraded electrical, new roof, in-unit washer/dryers, AC, dishwashers

OVERVIEW

4755 Felton Street is a turnkey 14 unit multifamily investment opportunity located just North of Adams Avenue in the center of the desirable Normal Heights neighborhood of San Diego, California. Originally constructed in 1969 and fully renovated and upgraded in 2022, this attractive asset sits on a 9,419-square-foot lot and is comprised of approximately 9,932 square feet of building area. The property features a desirable and well-balanced unit mix consisting of (6) two-bedroom / one-bathroom units, (7) one-bedroom / one-bathroom units, and (1) studio unit, catering to an ideal tenant base. Additionally, there are (14) off-street parking spaces, (7) in the front and (7) in the rear off the alley. The property has undergone extensive exterior and interior renovations and upgrades including electrical, roof & windows, in-unit washer/dryers, wall air conditioning units, and dishwashers. Being just North of Adams Avenue, at the center of Normal Heights Business District, gives tenants convenient walkable access to all that Adams Avenue has to offer. Additionally, it offers quick easy access to Interstates 805, 15 and 8.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$695 USD /SF

# OF UNITS

14

PRICE/UNIT

$492,857

CAP RATE

4.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Felton Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,418 SF

ZONING

RM-1-1

APN/PARCEL ID

439-401-07

ASK ABOUT THIS PROPERTY

Raymond ChoiMarcus & MillichapMore Info
858-735-6632

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

Raymond ChoiMarcus & MillichapMore Info
858-735-6632

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