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$ 1,495,000
Est. payment /mo
New
4358 64 36th St San Diego, CA 92104
6,259 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Normal Heights
MLS Listing ID 250035313SD
HOA Y/N No
Year Built 1943
Lot Size 6,259 Sqft
Property Description
Located in the heart of Normal Heights, this well-positioned fourplex offers a rare combination of current cash flow and long-term upside in one of San Diego's most desirable rental submarkets. The property consists of four 1-bedroom,1-bathroom units, along with four single-car garages at the rear of the lot. The garages provide flexibility for additional income through parking rentals or future ADU conversions, subject to city approval. With in-place rents generating $7,180 per month, this asset offers immediate cash flow and clear upside through unit renovations and rent growth. Located in a supply-constrained, high-demand submarket, it offers a rare blend of stability, value-add potential, and long-term investment appeal. Situated on a spacious 6,261 square foot parcel, the density of the lot is currently at a 6.5 FAR in Tier 3 of the Complete Communities Ordinance of San Diego County. This allows for significant redevelopment potential to maximize the allotted space in one of metro San Diego's most rapidly appreciating submarkets. Normal Heights remains one of San Diego's most walkable and in-demand neighborhoods, known for its eclectic charm, strong tenant demand, and close proximity to coffee shops, restaurants, bars, and freeway access. This location consistently draws quality tenants, adding another layer of confidence to any investment strategy.
Location
State CA
County San Diego
Area 92104 - North Park
Building/Complex Name Normal Heights
Zoning RM-2-5
Interior
Cooling See Remarks
Fireplace No
Exterior
View Y/N No
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4471721900
Virtual Tour https://www.propertypanorama.com/instaview/snd/250035313
Listed by Jason Lee Nara Advisors, Inc.