4358-64 36th St new Save Request In-Person Tour Request Virtual Tour
San Diego,CA 92104
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Normal Heights
MLS Listing ID 250035313
Bedrooms 4
Year Built 1943
Property Sub-Type Res Income 2-4 Units
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 Metro Uptown
Zoning RM-2-5
Interior
Cooling Other/Remarks
Exterior
Fence Other/Remarks
View Y/N No
Roof Type Other/Remarks
Building
Story 1
Others
Special Listing Condition Other/Remarks