4585 Felton St, San Diego, CA 92116

About this commercial property

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.

Listing description from the May 2026 sale, as reported to CRMLS.

Sale history

$2,350,000

Sold May 2026 · listed $2,375,000, orig. $2,450,000, on market January 2026 · MLS #260001642SD · Source: CRMLS

Listing Agent: Christina Labowicz · Listing Office: ACI Apartments · Contact: 619-299-3000 · Bought with: Scott Edelstein · Palma Commercial

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