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4622 Campus Ave, Normal Heights
$3,495,000
260026084SD MLS ⋅ Active Status
New construction, A rare investment opportunity featuring a blend of modern and craftsman-style architecture with a diverse rental unit mix: (1) front house: 3 bed/2 baths Plus Studio , (2) 1 bed + den / 2 bath, (3) 1 bed / 1 bath with studio , (4) 2 bed/2bath, (5) 2bed/2bath, (6) 1bed/1bath and 4 covered park spaces. Each unit is thoughtfully designed with large windows for natural light, 8 in-unit washer & dryer, efficient mini-split HVAC systems, and 8 stylish kitchens and vanities with quartz countertops, stainless steel appliances, and with 11 walk-in showers. Located just steps from Park Ave in the heart of University Heights—one of San Diego’s most walkable and in-demand neighborhoods.

4622 Campus Ave, Normal Heights
3580 Adams Ave, Normal Heights
$2,600,000
260025110SD MLS ⋅ Active Status
Mixed Use, Commercial & Residential Investment Opportunity in the Heart of Historic Normal Heights, (35th & Adams Ave). Property Overview: - Commercial Retail Space: Approximately 2,000 SF with a bathroom - Lot Size: 53' x 123' with alley access - Parking: 5 or more parking spaces Residential Units (5 Total Apartments): - Unit A: 1 Bed / 1 Bath – $1,650/month - Unit B: Studio – $1,300/month - Unit C: 1 Bed / 1 Bath – Currently owner-occupied - Unit D: 2 Bed / 1 Bath – $2,450/month - Unit E: 1 Bed / 1 Bath – $1,150/month

3580 Adams Ave, Normal Heights
4430 Campus Avenue, Normal Heights
$3,450,000
260024825SD MLS ⋅ Active Status
4033 Campus Avenue, a 10 unit, 6,854 S.F. multifamily property is located in highly coveted University Heights. The building features an ideal mix of one 2BR/2BA, two 2BR/1.5BA and seven 1BR/1BA (approx. SF). The renovated and well maintained units feature stainless steel appliances, granite countertops, luxury vinyl plank flooring, mirrored closet doors and air conditioning in all units. A consistent 100% occupancy is maintained by the amenities including a quiet residential street location, on-site laundry, 10 off-street dedicated parking spaces, proximity to shopping and restaurants and easy freeway access. Buyer can add value through an increase in low rents.

4430 Campus Avenue, Normal Heights
4550 Utah Street, Normal Heights
$1,895,000
260024337SD MLS ⋅ Active Status
The property is currently generating strong in-place income with additional upside available through continued rental growth. Additional amenities include communal laundry facilities and three garages, providing valuable off-street parking and storage in a location where parking is at a premium. The property also features an area at the front that may offer an opportunity to create additional off-street parking through a relatively straightforward curb-cut improvement, subject to applicable approvals. Residents enjoy convenient access to North Park’s vibrant collection of restaurants, coffee shops, breweries, entertainment, shopping and neighborhood amenities, while the property’s central location provides easy connectivity throughout San Diego. With a desirable North Park location, attractive five-unit configuration, strong existing income and multiple avenues for enhancing future returns, 4550-4554 Utah Street represents an excellent entry-level investment opportunity for an investor seeking quality multifamily real estate in one of San Diego’s highest-demand rental markets.

4550 Utah Street, Normal Heights
3659 Adams Ave, Normal Heights
$1,900,000
260023269SD MLS ⋅ Active Status
Banked-Owned Property (REO) • Prime Normal Heights Location • Plans for a 4-Story, 26-Unit Development (20) 1Bdrm/1Bth Units + (6) 2Bdrm/Bth Units • Existing 1,000 SF Commercial Unit • (5) Off-Street Parking Spaces + (2)-Car Garage • Surrounded by Strong Commercial Activity and Steady Residential Demand • Perfect for a Developer/ Value-Add Investor or Could be Ideal for Owner-Users Seeking a High-Visibility Adams Avenue Business Location with Multiple Future Exit Strategies

3659 Adams Ave, Normal Heights
4669 36th Street, Normal Heights
$2,350,000
260022556SD MLS ⋅ Active Status
5.40% Cap Rate on Actuals, 9-Units in Normal Heights • Extremely Well-Maintained Asset w/ RUBS • New Roof (2024), Multiple Units Upgraded • Ample Onsite Parking (10 Spaces) • Situated Just South of Adams (WalkScore of 93) • Excellent Walkability to Shops, Dining and Nightlife Along Adams Ave • Convenient Access to Nearby Neighborhoods Including Mission Valley, Kensington, North Park and South Park This represents an opportunity to acquire an extremely well-maintained asset and with strong in-place rents with efficient operations (established RUBS system) with additional rental upside in one of San Diego's best rental markets.

4669 36th Street, Normal Heights
4638 Ohio Street, Normal Heights
$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
3131 Adams Ave, 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
1733 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
4629 Bancroft St., 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
4471 Louisiana St, Normal Heights
$2,995,000
260015131SD MLS ⋅ Active Status
We are pleased to present exclusively for sale 4471 Louisiana Street, a newly constructed and extensively renovated 7-unit apartment community located in the highly desirable University Heights neighborhood of San Diego. Situated on a quiet residential street, the property presents a rare opportunity for both an owner-occupant and passive investor to acquire a turnkey, condo-quality asset in one of San Diego’s most walkable and supply-constrained urban submarkets. The property features a well-balanced unit mix comprised of one (1) twobedroom / two-bath detached house (approximately 800 square feet), four (4) one-bedroom / one-bath units (approximately 575 square feet each), and two (2) newly constructed one-bedroom ADU units (approximately 425 square feet each). The entire property has undergone extensive improvements and was either newly constructed or renovated to the studs in 2026, resulting in a cohesive, design-forward community with modern finishes and minimal deferred maintenance. All units are currently leased and tenants reimburse utilities, helping minimize operating expenses and support strong in-place cash flow. The property also includes six off-street parking spaces, with four spaces accessed from the alley and two additional front parking spaces, a valuable amenity in this highly walkable neighborhood. Located in the heart of University Heights, residents benefit from immediate access to a vibrant mix of restaurants, coffee shops, bars, boutique retail, and neighborhood amenities along Park Boulevard and Adams Avenue. The property is also just minutes from No

4471 Louisiana St, Normal Heights
4454 Illinois Street, 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
4755 Felton St, 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
4618 Marlborough Dr. (-22), 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.

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