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32nd Street Development Opportunity 4051-53 32nd St

2 Unit Apartment Building $1,995,000 ($997,500/Unit) San Diego, CA 92104

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Investment Highlights

Complete Communities & TPA

6,759 sf lot, Zoned RM-3-7, 6.5 FAR

Executive Summary

Cutie pie cottages in the heart of North Park! Just blocks to restaurants, the freeway & transit. The opportunities are endless. Front house is a 3br/2ba with private yards, HW floors and 2 off street parking. Back house is a 2br/1ba with private yards & off street parking. Each house has private laundry & tons of character. In addition, this property lies within Complete Communities & Transit Priority Areas, is on a 6,759 sf lot & is zoned RM-3-7. Live in one & rent the other or make plans for development. You just can't lose here!

Property Facts

Price	$1,995,000	Building Class	C
Price Per Unit	$997,500	Lot Size	0.15 AC
Sale Type	Investment	Building Size	1,780 SF
Sale Conditions	1031 Exchange Redevelopment Project	Average Occupancy	100%
No. Units	2	No. Stories	1
Property Type	Multifamily	Year Built	1927
Property Subtype	Apartment Multifamily Apartments	Parking Ratio	2.25/1,000 SF
Apartment Style	Garden	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$1,995,000
Price Per Unit	$997,500
Sale Type	Investment
Sale Conditions	1031 Exchange Redevelopment Project
No. Units	2
Property Type	Multifamily
Property Subtype	Apartment Multifamily Apartments
Apartment Style	Garden
Building Class	C
Lot Size	0.15 AC
Building Size	1,780 SF
Average Occupancy	100%
No. Stories	1
Year Built	1927
Parking Ratio	2.25/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Unit Amenities

Lawn

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
3+2	1	-	-
2+1	1	-	-

PROPERTY TAXES

Parcel Number	446-384-08	Improvements Assessment	$187,556
Land Assessment	$604,213	Total Assessment	$791,769

PROPERTY TAXES

Parcel Number

446-384-08

Land Assessment

$604,213

Improvements Assessment

$187,556

Total Assessment

$791,769

zoning

Zoning Code	RM-3-7 (Complete communities and TPA allow for up to 43,933 sf to be built. 6.5 FAR on a 6,759 sf lot.)
RM-3-7 (Complete communities and TPA allow for up to 43,933 sf to be built. 6.5 FAR on a 6,759 sf lot.)