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4621 Alabama
92116 - Normal Heights San Diego 92116

$1,599,000
Residential Income baths: 0.0 built: 1927

Main Photo: 4621 Alabama in San Diego: Residential Income for sale (92116 - Normal Heights)  : MLS®# 250036494SD
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Status:
Active
Prop. Type:
Residential Income
MLS® Num:
250036494SD
Year Built:
1927
This exceptional property presents a rare investment opportunity in one of San Diego's most desirable neighborhoods.  The property combines a beautifully remodeled Spanish-style 2-bedroom, 2-bathroom home with two fully furnished, remodeled studios.  The main house is charming Spanish-style home with timeless craftsmanship and Mediterranean features. It boasts beautiful Italian hardwood floors, a remodeled kitchen with Italian tile backsplash and custom wood cabinetry, beamed ceilings, and new Pella windows.  One studio is located above the garage and features a cantina door opening to an outdoor balcony, as well as a wet bar, refrigerator, and built-in Murphy bed.  The bottom studio is a converted garage and has similar amenities. The property features mature landscaping, fruit trees (lemon, fig, pomegranate, passion fruit), and Spanish outdoor tile and new fencing for privacy and peaceful relaxation.  Fully permitted plans are in place to add a second-floor ADU (Accessory Dwelling Unit) with a separate address, ready for immediate construction.  Live in one unit, rent out the others, and maximize your income by adding the planned ADU.  Just steps from Trolley Barn Park, cafes, restaurants, shopping and nightlife. Close to freeway access, 5 minute drive to Balboa Park and Downtown San Diego, this property has it all.
Lot Area:
3,324 sq. ft.
Bathrooms:
0.0 (Full:-, Half:-)
Year built:
1927 (Age: 98)
Park Name:
NA
General Listing Location:
San Diego, 92116 - Normal Heights
County Or Parish:
San Diego
Gross Scheduled Income:
$65,000
Net Operating Income:
$0
Cap Rate %:
0.0
Association Fee:
$0
Heading 8E, Texas St to Madison St, Rt on Madison, Rt on Alabama St. CrossStreet: Madison Ave
Number of Buildings:
2
Senior Community:
No
Subdivision Name:
University Heights
Levels:
Two
Num Stories:
2
# Units:
3
Heating:
Combination
Cooling:
See Remarks
Spa:
No
Total Parking Spaces:
0
Parcel Number:
4450611000
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Listed by Proptero Holdings, Inc. and Keller Williams La Jolla
Data was last updated August 21, 2025 at 02:40 PM (UTC)