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4659 Florida St, San Diego, CA 92116

List Price: $4,650,000On Market FlagOn market
Apr 16, 20251,030 sqft2 beds1 baths
Listed by: Benn Vogelsang
License #: 01883437
Phone #: 415-250-4947
NorthMarq Multifamily
Source:
CRMLS Logo
MLS #: 250024816SD

Property Description

4659-61 Florida Street is a 13-unit apartment property located across the street from Old Trolley Barn Park and Adams Avenue in San Diego’s University Heights neighborhood. The front 2 bedroom / 2-bathroom house with a private yard was renovated to the studs with new plumbing, electrical, roof and foundation. The rear, 3-story walk-up apartment complex includes 12 well laid-out studios built in 2025 with in-unit washer/dryer and dishwashers as well as large windows. One studio has a private yard, and 4 studios have private balconies. RUBS is in place for water, sewer and trash. The house features gas appliances while the new construction units are all-electric. At the rear of the property, there are 3 parking spaces. One is allocated for the house and the other two are rented for additional income. The property is situated adjacent to Trolley Barn Park and Adams Ave which has ample street parking and is two blocks from the shops, restaurants, and nightlife on Park Boulevard. Old Trolley Barn Park is located on the north side of Adams Avenue in University Heights, directly north of Florida Street. Formerly a trolley barn site it is now a park with a historical designation. It features a playground, picnic areas with grills, open spaces and views of Mission Valley. There are summer concerts on Friday evenings.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

-$30,636

TurboHome Estimated Value

$1,303,800

$1,266 sqft

High Valuation
$1,368,990
$1329/sqft
Normal Valuation
$1,303,800
$1266/sqft
Low Valuation
$1,238,610
$1203/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$1266/sqft$1,303,800

Neighborhood: West University Heights

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Comparative Value

$950K

$4.65M

2019 Meade Ave, San Diego, CA 92116

Sale Price: $950,000

Selected Comparable

4620 Mission Ave, San Diego, CA 92116

Sale Price: $954,000

Selected Comparable

4314 Proctor Pl, San Diego, CA 92116

Sale Price: $1,060,000

Selected Comparable

4315 10th Ave, San Diego, CA 92103

Sale Price: $1,100,000

Selected Comparable

1541 Madison Ave, San Diego, CA 92116

Sale Price: $1,175,000

Selected Comparable

4659 Florida St, San Diego, CA 92116

List Price: $4,650,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
4659 Florida St, San Diego, CA 92116

4659 Florida St, San Diego, CA 92116

List: $4,650,000

Listed: 4/16/2025

Area:1,030 sqft
Price/sqft:$4,515
Beds:2
Baths:1
Year Built:
Lot Size:7,845

Comparable Properties

COMPARABLE
Choose comps
1541 Madison Ave, San Diego, CA 92116

1541 Madison Ave, San Diego, CA 92116

Sale: $1,175,000

6/4/20250.34 mi

Area:1,052 sqft
Price/sqft:$1,117
Beds:2
Baths:1
Year Built:
Weight:23.3%
2019 Meade Ave, San Diego, CA 92116

2019 Meade Ave, San Diego, CA 92116

Sale: $950,000

7/1/20250.35 mi

Area:894 sqft
Price/sqft:$1,063
Beds:2
Baths:1
Year Built:
Weight:21.8%
4620 Mission Ave, San Diego, CA 92116

4620 Mission Ave, San Diego, CA 92116

Sale: $954,000

8/13/20240.23 mi

Area:882 sqft
Price/sqft:$1,082
Beds:2
Baths:1
Year Built:
Weight:19.6%
4315 10th Ave, San Diego, CA 92103

4315 10th Ave, San Diego, CA 92103

Sale: $1,100,000

4/7/20250.85 mi

Area:1,039 sqft
Price/sqft:$1,059
Beds:1
Baths:1
Year Built:
Weight:18.3%
4314 Proctor Pl, San Diego, CA 92116

4314 Proctor Pl, San Diego, CA 92116

Sale: $1,060,000

1/21/20250.72 mi

Area:1,083 sqft
Price/sqft:$979
Beds:3
Baths:1
Year Built:
Weight:16.9%

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