4668 39th St San Diego, CA 92116
Normal Heights NeighborhoodEstimated payment $12,625/month
Highlights
- Gated Community
- Zoned Heating and Cooling
- Gated Home
- Park or Greenbelt View
- Laundry Facilities
- 1-minute walk to Ward Canyon Neighborhood Park
About This Home
Prime Investment Opportunity in Normal Heights – 4-Unit Luxury Fourplex with Redevelopment Potential Located in the heart of Normal Heights, this exceptional fourplex offers the perfect blend of immediate cash flow, luxury upgrades, and long-term redevelopment upside in one of San Diego’s most desirable rental submarkets. This fully remodeled property features four spacious units: Two 2-bedroom, 2-bathroom units, One 2-bedroom, 1.5-bath townhouse, and One 2-bedroom, 1-bath unit Each unit showcases designer-inspired kitchens with high-end appliances, custom flooring, fully renovated bathrooms, modern lighting, in-unit washer/dryers, mini-split AC systems, dual-pane windows, and fresh custom paint. Reserved parking is included. Four single-car garages, offering additional income potential through parking rentals or future ADU conversions (plans already approved with permits) unlocking significant redevelopment potential in a supply-constrained, high-demand area. Whether you're seeking stable returns, value-add upside, or a long-term hold, this asset delivers. Just steps from Adams Avenue and directly across from Ward Park, residents enjoy walkable access to Antique Row, trendy restaurants, coffee shops, bars, and vibrant local culture. With proximity to Downtown, Mission Valley, SDSU, and major freeways (15, 8, 805, 163, and 5), this location consistently attracts quality tenants.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1985
Lot Details
- 4,345 Sq Ft Lot
- Gated Home
- Property is Fully Fenced
Home Design
- Rolled or Hot Mop Roof
- Stucco
Interior Spaces
- 8 Bedrooms
- 3,377 Sq Ft Home
- 2-Story Property
- Park or Greenbelt Views
Utilities
- Zoned Heating and Cooling
Community Details
Overview
- 4 Units
- 4668 39Th Community
- Normal Heights Subdivision
Pet Policy
- Pets Allowed
Additional Features
- Laundry Facilities
- Gated Community
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,049 | $415,419 | $172,433 | $242,986 |
| 2024 | $5,049 | $407,274 | $169,052 | $238,222 |
| 2023 | $4,935 | $399,289 | $165,738 | $233,551 |
| 2022 | $4,804 | $391,461 | $162,489 | $228,972 |
| 2021 | $4,771 | $383,786 | $159,303 | $224,483 |
| 2020 | $4,714 | $379,852 | $157,670 | $222,182 |
| 2019 | $4,630 | $372,405 | $154,579 | $217,826 |
| 2018 | $4,330 | $365,104 | $151,549 | $213,555 |
| 2017 | $80 | $357,946 | $148,578 | $209,368 |
| 2016 | $4,156 | $350,928 | $145,665 | $205,263 |
| 2015 | $4,095 | $345,657 | $143,477 | $202,180 |
| 2014 | $4,032 | $338,887 | $140,667 | $198,220 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/06/2026 01/06/26 | Pending | -- | -- | -- | |
| 01/05/2026 01/05/26 | For Sale | $2,350,000 | 0.0% | $696 / Sq Ft | |
| 11/24/2025 11/24/25 | Off Market | $2,350,000 | -- | -- | |
| 11/06/2025 11/06/25 | For Sale | $2,350,000 | +56.7% | $696 / Sq Ft | |
| 07/11/2025 07/11/25 | Sold | $1,500,000 | -20.0% | -- | View Prior Sale |
| 04/03/2025 04/03/25 | For Sale | $1,875,000 | 0.0% | -- | |
| 03/16/2025 03/16/25 | Pending | -- | -- | -- | |
| 03/14/2025 03/14/25 | For Sale | $1,875,000 | -- | -- |
Source: San Diego MLS
MLS Number: 250043568
APN: 440-592-08-00
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