4673-4677 32nd St - Apartments FOR SALE


San Diego, CA 92116
$2,199,000 USD
619-300-0173
4673-4677 32nd St, San Diego, CA for Sale
$2,199,000 USD
Apartments - FOR SALE
1/18
null | 5% Cap Rate

4673-4677 32nd St
San Diego, CA 92116


HIGHLIGHTS

  • RENOVATED AND INCOME-GENERATING - The property has undergone extensive renovations, leading to strong rental income.
  • ADU POTENTIAL - Plans and permits are in place to add two additional 1BR/1BA ADU units, offering future upside.
  • ATTRACTIVE AMENITIES - Situated on a 6,681 square foot lot with three separate structures, including front cottages and a rear building with 4 garages
  • DESIRABLE AREA - Well Located Near Numerous Consumer Retail Centers, Businesses & Restaurants

OVERVIEW

4673-77 32nd Street presents an exceptional investment opportunity in the heart of Normal Heights. This 4-unit complex, situated on a 6,681 square foot lot, comprises three separate structures, including two front cottages with 2BR/2BA detached units and a rear building featuring two 1BR/1BA units above four single-car garages. The property has undergone extensive renovations, resulting in strong rental income. The current owners have also initiated the process to add two additional 1BR/1BA ADU units, with plans and permits ready to pass to the new owner, offering significant upside potential. Additional features include modern finishes, mini-split systems for cottages, and private yard spaces for select units, enhancing tenant appeal. This property offers a solid foundation for investors and owner-occupants seeking to maximize returns in a prime location.

FOR SALE DETAILS

PRICE

$2,199,000 USD

PRICE/SF

$906 USD /SF

# OF UNITS

4

PRICE/UNIT

$549,750

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

CUPD-CT-3-

APN/PARCEL ID

439-431-36

ASK ABOUT THIS PROPERTY

Adam CairoStarker West, IncMore Info
619-300-0173

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Adam CairoStarker West, IncMore Info
619-300-0173

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.