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.
Property Details
Price:
$1,495,000
MLS #:
250035313SD
Status:
Active
Baths:
0
Address:
4358 36th St
Type:
Residential Income
Subdivision:
Normal Heights
Neighborhood:
92104northpark
City:
San Diego
Listed Date:
Jul 22, 2025
State:
CA
ZIP:
92104
Lot Size:
6,261 sqft / 0.14 acres (approx)
Year Built:
1943
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Interior
Cooling
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Exterior
Parking Spots
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Stories Total
1
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Community
- Address4358 36th St San Diego CA
- Area92104 – North Park
- SubdivisionNormal Heights
- CitySan Diego
- CountySan Diego
- Zip Code92104
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4358 36th St
San Diego, CA
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