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$6,600,000
260021409SD MLS ⋅ Active Status
We are pleased to present the "Ohio Villas," a 16-unit multifamily community located at 4638–4648 Ohio Street in San Diego, California. The property offers investors the opportunity to acquire a well-located, extensively renovated asset in the heart of North Park, one of San Diego’s most established urban rental markets. Built in 1980, the property features a diverse and highly functional unit mix comprised of six (6) one-bedroom/one-bathroom units averaging approximately 500 square feet, four (4) two-bedroom/one-bathroom units averaging approximately 750 square feet, four (4) two-bedroom/one-and-one-half-bathroom units averaging approximately 780 square feet, and two (2) two-bedroom/two-bathroom units averaging approximately 838 square feet, totaling approximately 10,796 rentable square feet. All 16 units have been upgraded with condo-quality finishes and thoughtful interior improvements. Each unit features a fireplace, as well as renovations including granite countertops, updated cabinetry, tile backsplashes, stainless steel appliances, tile flooring, in-unit washers and dryers, and glass shower enclosures. Each unit includes two off-street parking spaces, with 12 units also benefiting from a private single-car garage. Select units feature private patios or balconies, providing an additional amenity that is difficult to replicate in the surrounding rental market. The property's exterior has also been upgraded and features secure gated access, mature landscaping, dual-pane windows, and tasteful Spanish-style architectural details.

4638 Ohio Street, Normal Heights
$4,900,000
260021332SD MLS ⋅ Active Status
Pleased to present the 3131-49 & 3151-57 Adams Avenue Portfolio, a 17-unit multifamily and mixed-use portfolio located in San Diego, California. Situated along iconic Adams Avenue in the highly desirable Normal Heights neighborhood, the offering consists of the adjacent 10-unit apartment complex at 3151-57 Adams Avenue and seven-unit mixed-use property at 3131-49 Adams Avenue. Originally built in 1939 and 1965, respectively, both assets were thoughtfully renovated in 2025 and combine for approximately 7,520 rentable square feet across 15,246 square feet of land. Additionally, the portfolio offers significant long-term redevelopment potential, as both properties are located within Complete Communities Tier 3, allowing up to 6.5 FAR, and are zoned CUPD-CU-3-3. The residential component consists of 13 units, including two detached one-bedroom/one-bath cottages, two studios, and nine one-bedroom/one-bath apartments, complemented by four high visibility retail spaces at 3131-49 Adams Avenue. Current retail tenants include a massage studio, pet grooming salon, and bookstore occupying two combined commercial spaces. The residential units were recently remodeled with upgraded interiors including quartz countertops, updated cabinetry, new appliances, and renovated bathrooms, with select units featuring refinished original hardwood or new vinyl plank flooring. Each residential unit also features mini-split A/C systems and tankless water heaters, enhancing tenant comfort and operating efficiency. (7) apartment units have also been amenitized with in-unit, full-size stackable W/D.

3131 Adams Ave, Normal Heights
$1,200,000
260019877SD MLS ⋅ Active Status
Fantastic opportunity for an owner/operator/investor. This very attractive building is in a very desirable location in the heart of the business district in University Heights. Current tenant is a coffee shop. Building has grease trap, but no walk in fridge or a hood. Plus a loft above the cafe space. Live and work in the same location, rent out both spaces or own a piece of history in the heart of this popular urban neighborhood. This is a once in a lifetime opportunity. Don't miss out!

1733 Adams Ave, Normal Heights
$3,375,000
260019736SD MLS ⋅ Active Status
We are pleased to present 2605 Madison Ave, located in the North Park neighborhood of San Diego. The subject property features four (4) one-bedroom/one-bathroom, three (3) two-bedroom/one-bathroom units, and two (2) two-bedroom/two-bathroom units that total approximately 6,400 of rentable square footage. The subject property is located in North Park, one of the most coveted locations for renters in San Diego. The property boasts a walkability score of 94 which Walkscore.com calls a “Walker's Paradise". It is approximately two miles from Morley Field/Balboa Park which offers tennis courts, public pool, baseball fields, archery range, hiking trails, dog park, disk golf course, playground, and a speed track for bicyclist. Residents at the subject property enjoy immediate walking access to the many bars and restaurants on Adams Avenue, El Cajon Blvd and 30th Street. Lastly, residents enjoy easy access to Interstate 805 and are just minutes away from San Diego’s largest employment centers including Downtown, Mission Valley, and Kearny Mesa. This property presents a unique opportunity for an investor to purchase a value-add investment opportunity in one of the strongest submarkets at the forefront of rental growth in San Diego. The new owner will enjoy the security of having the property situated near comparable apartment complexes, local shopping, and infrastructure, as well as having easy access to Mission Valley, Interstate 805, Interstate 8, and Highway 163.

2605 Madison Avenue, Normal Heights
$2,895,000
260016353SD MLS ⋅ Active Status
8 Pride of Ownership Normal Heights units just 1/2 block south of Adams Avenue. 6 of the 8 units have been fully renovated featuring: granite countertops, new kitchen and bath cabinets, new tile showers, stainless steel refrigerators-dishwashers-microwaves-stoves, wood laminate floors, dual pane windows, etc. The property features: two 2-car garages, 5 open parking spaces, secured gated access, owned cashless laundry room (also renovated), new main electric panel, new 50-year roof (2016), new exterior paint (2023), zero scape landscaping, and completed balcony inspection (2025). Building was re-piped in 2015 and tented for termites in 2021. The 2 non-renovated units are in great condition and also have wood laminate flooring. There is significant potential for increased cash flow, as current rents are 12% to 15% below market rates. Investors have the option to further maximize returns by either converting the two double garages into Accessory Dwelling Units (ADUs) or charging tenants for garage usage.

4629 Bancroft St., Normal Heights
$5,000,000
260016347SD MLS ⋅ Active Status
Pleased to present 4659 North Avenue, a fully renovated 10-unit apartment community located in the highly desirable University Heights neighborhood of San Diego. Originally built in 1971 and extensively renovated in 2026, the property features a well-balanced unit mix of seven 1-bedroom units, two 2-bedroom / 1.5-bathroom units, and one 2-bedroom / 2-bathroom unit. Each residence has been upgraded with modern finishes including quartz countertops, updated cabinetry, vinyl plank flooring, renovated bathrooms, in-unit laundry, air conditioning, and dedicated off-street parking. Major capital improvements, including upgraded electrical and plumbing systems, provide investors with a low-maintenance, turnkey asset. Ideally located west of Park Boulevard with a Walk Score of 90, residents enjoy easy access to University Heights' popular restaurants, cafés, and neighborhood amenities. 4659 North Avenue offers stable cash flow and long-term appreciation potential in one of San Diego's most sought-after rental markets.

4659 North Ave, Normal Heights
$1,600,000
260014322SD MLS ⋅ Active Status
We are pleased to present 4454–60 Illinois Street, a boutique multifamily offering ideally positioned in the heart of North Park, one of San Diego’s most vibrant and supply-constrained urban rental markets. Located within the highly walkable 92116 zip code, the property boasts a Walk Score of 84, providing residents with immediate access to neighborhood dining, retail, parks and daily conveniences - a lifestyle feature that continues to drive strong tenant demand. The property is comprised of five well-designed apartment homes, featuring four one-bedroom/one-bathroom residences averaging 585 square feet and one expansive two-bedroom/two-bathroom residence measuring approximately 1,300 square feet. These efficient and functional floorplans cater to a wide range of renters seeking comfort, usability, and proximity to San Diego’s most desirable central neighborhoods. Situated within a high-demand rental corridor known for its walkability, charm, and limited multifamily inventory, 4454–60 Illinois Street benefits from consistent occupancy and long-term renter appeal. With its central location, neighborhood amenities, and strong connectivity to the greater San Diego region, the property represents a compelling opportunity for stable, durable rental performance.

4454 Illinois Street, Normal Heights
$6,700,000
260009432SD MLS ⋅ Active Status
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.

4755 Felton St, Normal Heights
$2,195,000
230024237SD MLS ⋅ Active Status
Rare Opportunity, Prime Investment Area, Vintage Income Property Just Steps From 'The Village' In Kensington, One of the Best Rental Districts in All of the Metro Area, 1 Home (2 Bed 1 Bath, $3,080 Rent) , 1 Cottage (1 Bed 1 Bath, $2,495 a Month) AND a Duplex (Each 1 Bed 1 Bath, $1,645 Rent and $1,645 Rent), Four Units Total, 2 Parking Spaces off the Alley, Common Area Laundry Room for Added Income. The Five-Block Downtown Kensington District is Full of Small Trendy Shops and More Than a Dozen Restaurants, a Public Library & Children's Park, Other Businesses Include Chase Bank, Starbucks, Several Salons, a Gym, a Deli, an Organic Grocer, an Ice Cream Parlor and a Yoga Studio.

4618 Marlborough Dr. (-22), Normal Heights

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.