4673-4677 32Nd St, San Diego, CA 92116
4 Unit Apartment Building | $2,299,000 ($574,750/Unit) | 4.60% Cap Rate | San Diego, CA 92116
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,299,000
- Property Type
-
Multifamily
- Square Feet
- 2,427 SF
Listing Contacts
Adam Cairo
Verified Profile
Seth Watje
Verified Profile
- Property Info
Property 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.
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.
Property Details
- Class
- C
- Year Built/Renovated
- 1945/2024
- Stories
- 2
- Lot Size (sq. ft)
- 6,098 SF
- Units
- 4
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
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