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.
For sale
$1,599,000
4621 Alabama St, San Diego, CA 92116
3beds
--sqft
Est.:
Multi Family
Built in 1927
-- sqft lot
$1,621,400 Zestimate®
$--/sqft
$-- HOA
What's special
Mature landscapingNew fencing for privacyBeautiful italian hardwood floorsBeamed ceilingsSpanish outdoor tileNew pella windows
- 15 hours
- on Zillow |
- 229 |
- 18 |
Zillow last checked: 7 hours ago
Listing updated: 19 hours ago
Listed by:
Mathieu Pollenz DRE #01312876 858-337-6968,
Proptero Holdings, Inc.,
Brenda Dalloul DRE #01741674 619-471-4673,
Keller Williams La Jolla
Source: SDMLS,MLS#: 250036494
Originating MLS: San Diego Association of REALTOR

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Combination Heating
Cooling
- Other/Remarks
Interior area
- Total structure area: 1,342
Video & virtual tour
Property
Features
- Levels: 2 Story
- Fencing: Full,Gate
Details
- Parcel number: 4450611000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Rock/Gravel,Tile/Clay
Condition
- Year built: 1927
Utilities & green energy
- Water: Meter on Property
Community & HOA
Community
- Features: N/K
- Security: N/K
- Subdivision: UNIVERSITY HEIGHTS
Location
- Region: San Diego
Financial & listing details
- Tax assessed value: $1,060,800
- Annual tax amount: $12,976
- Date on market: 8/16/2025
- Listing terms: Cash,Conventional,VA
- Tenant pays: N/K
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