Palm Villas is located in Normal Heights, one of San Diego’s highest- demand and most resilient submarkets, prized for its walkable access to the shops, restaurants, and nightlife along Adams Avenue, the cultural energy of North Park, and the charm and architectural character associated with neighboring Kensington. This central location consistently attracts long-term tenants who value lifestyle, convenience, and neighborhood identity, supporting strong rent durability and low vacancy. The property has been thoughtfully remodeled, allowing it to compete at the upper end of the rental market without relying on speculative upgrades. Current in-place rents are just below nearby comparable properties, offering buyers immediate confidence in the income stream, with future upside driven by organic market growth and allowable annual rent increases rather than aggressive repositioning. Featuring a rare 71% ratio of 2BR/2BA units, 8 parking spaces and on-site laundry, this property is a premium long-term hold for any portfolio.
MLS #
SD260001642
MLS Source
San Diego MLS
Days on Site
15
Flooring
Concrete, Vinyl
Heating
Wall Furnace
Garage/Parking
Carport, Other, Garage: Car(s)
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 7 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | – | 0/0 | – | $4,990 | – |
| 2 | – | – | 0/0 | – | $2,395 | – |
| 3 | – | – | 0/0 | – | $4,590 | – |
| 4 | – | – | 0/0 | – | $1,915 | – |
| 5 | – | – | 0/0 | – | $2,165 | – |
4585 Felton St is a Residential Income in San Diego, CA 92116. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,450,000 and was built in –. This address can also be written as 4585 Felton St, San Diego, CA 92116.
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This listing information is up-to-date as of January 29, 2026. For the most current information, please contact Christina Labowicz, (858) 876-5701