- For Sale $1,595,000
- Property Type Multi-Family
- Property Size 2,964 SF
- Units 5
- Lot Size 7,149 Acre
- Zoning RM-1-2
- Year Built 1911
- Date Updated Nov 12, 2026
Description
We are pleased to present Felton St Apartment Homes, a 7-unit multifamily property featuring 5 legal units and 2 nonconforming bonus units, strategically located at 4669–4673 Felton Street in San Diego, California. Just steps from the iconic Normal Heights Sign and the vibrant Adams Avenue corridor, the property benefits from immediate access to a dynamic mix of local dining, nightlife, and daily conveniences; including national anchors such as Starbucks and Yoga Box. This prime location consistently attracts strong tenant demand driven by its central proximity to Downtown San Diego, major employment hubs, and surrounding lifestyle neighborhoods like North Park and Kensington. This well-maintained investment asset offers an exceptional opportunity for investors to acquire a high-demand residential property in one of the region’s strongest and most stable rental markets.
Highlights
- Set in Normal Heights, one of San Diegos most sought-after urban neighborhoods, Felton St Apartment Homes offers a rare blend of neighborhood charm, walkability, and everyday convenience. Residents enjoy immediate access to Adams Avenues dining and retail scene, quick connectivity to Mission Valle
- In addition to income growth potential, the two nonconforming bonus units present investors with the option to pursue legalization, adding long-term value and enhancing the property’s overall unit mix. Furthermore, the site’s RM-1-2 zoning offers flexibility and potential for future development or s
- This well-maintained investment asset provides a rare opportunity to acquire a property positioned in one of San Diego’s most desirable and resilient rental markets. The property offers significant rent upside potential, with an average of approximately 25% achievable through rental adjustments to m
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Contacts
Bradley Baczkowski
Top Gun CRE, Inc.
Max Delbecq
Top Gun CRE, Inc.
Location
Located at 4669-73 Felton Street, San Diego, CA 92116, this property is part of the Normal Heights neighborhood and San Diego market.
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