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.

Features
Cooling System:
Other/Remarks
Fence:
Other/Remarks
Address Map
Country:
US
State:
CA
County:
SD
City:
San Diego
Community:
NORMAL HEIGHTS
Zipcode:
92104
Street:
36th St
Street Number:
4358-64
Longitude:
W118° 53' 2.2''
Latitude:
N32° 45' 23.2''
Mls Area Major:
Metro Uptown
Zoning:
RM-2-5
Additional Info
Office Name:
Nara Advisors, Inc.
Agent Name:
Jason J Lee
Additional Information
Building Size:
2200
Construction Materials:
Other/Remarks
Levels:
1 Story
Number Of Units Total:
4
Stories Total:
1
Virtual Tour:
https://www.propertypanorama.com/instaview/snd/250035313
Listing Information
List Agent Mls Id:
683906
List Office Mls Id:
993426
Listing Term:
Other/Remarks
Mls Status:
ACTIVE
Modification Timestamp:
2025-11-05T23:34:02Z
Originating System Name:
SDMLS
Special Listing Conditions:
Other/Remarks

Residential Income

4358-64 36th St, San Diego, CA 92104

4 Bedrooms
4 Bathrooms
$1,375,000
Listing ID #250035313
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Listing ID :
250035313
Price :
$1,375,000
Bedrooms :
4
Bathrooms :
4
Year Built :
1943
Status :
Active
Full Bathrooms :
4
Property Sub Type :
Res Income 2-4 Units
Roof:
Other/Remarks
Contact Agent
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