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$2,450,000
Est. payment /mo
8 Beds
8 Baths
5,954 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 5,954 sqft
Price per Sqft $411
MLS Listing ID 260001642
Bedrooms 8
Property Sub-Type Com-Res Income
Property Description
Palm Villas is located in Normal Heights, one of San Diego's highest- demand and most resilient submarkets, prized for its walkable access to the shops, restaurants, and nightlife along Adams Avenue, the cultural energy of North Park, and the charm and architectural character associated with neighboring Kensington. This central location consistently attracts long-term tenants who value lifestyle, convenience, and neighborhood identity, supporting strong rent durability and low vacancy. The property has been thoughtfully remodeled, allowing it to compete at the upper end of the rental market without relying on speculative upgrades. Current in-place rents are just below nearby comparable properties, offering buyers immediate confidence in the income stream, with future upside driven by organic market growth and allowable annual rent increases rather than aggressive repositioning. Featuring a rare 71% ratio of 2BR/2BA units, 8 parking spaces and on-site laundry, this property is a premium long-term hold for any portfolio.
Location
State CA
County San Diego
Area Metro Uptown
Interior
Heating Wall
Flooring Slab
Fireplace No
Exterior
Parking Features Carports, Spaces
View Y/N No
Building
Story 2
Others
Senior Community No
Tax ID 447-522-04-00
Acceptable Financing Cash, Cash to New Loan, Exchange Down, Exchange Up, Other/Remarks
Listing Terms Cash, Cash to New Loan, Exchange Down, Exchange Up, Other/Remarks
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Listed by Christina M Labowicz ACI Apartments
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