32nd St San Diego, CA 92116
Active
$2,199,000
4%
4 Units
6 Beds
6 Baths
n/a Area(sq.ft.)
6,681 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | $ 2,220 | $ 2,220 | n/a | |
| Unit 2 | 1 | 1 | 1 | $ 3,100 | $ 3,100 | n/a | |
| Unit 3 | 1 | 2 | 2 | $ 3,720 | $ 3,720 | n/a | |
| Unit 4 | 1 | 2 | 2 | $ 3,595 | $ 3,595 | $ 3,495 | |
| 4 | 4 | 6 | 6 | $ 12,635 | $ 12,635 | $ 3,495 |
| MLS #: | 240020705SD |
| Days On Market: | 123 |
| County: | San Diego |
| Property Type: | Residential Income |
| Price per unit: | $ 549,750 |
| Year Built: | 1926 |
Property Details
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.Interested in this Listing?
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Income Details
| Total Annual Expense: | $ 38,098 |
| Net Operating Income: | $ 105,763 |
| Cap Rate: | 4.6% |
| Gross Rent Multiplier: | 15.53 |
Structure
| Levels: | Two |
| Complex Name: | NH |
| Security Features: | None |
Land & Parking
Interior
| AC/Cooling: | None |
Exterior
| Pool: | No |
| Roof: | Composition |
| Spa: | No |
Detailed Map
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