4673-4677 32nd St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
4673-4677 32nd St
4 Unit Apartment Building $2,199,000 ($549,750/Unit) 5% Cap Rate San Diego, CA 92116
Investment Highlights
- RENOVATED AND INCOME-GENERATING - The property has undergone extensive renovations, leading to strong rental income.
- ATTRACTIVE AMENITIES - Situated on a 6,681 square foot lot with three separate structures, including front cottages and a rear building with 4 garages
- ADU POTENTIAL - Plans and permits are in place to add two additional 1BR/1BA ADU units, offering future upside.
- DESIRABLE AREA - Well Located Near Numerous Consumer Retail Centers, Businesses & Restaurants
Executive Summary
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.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $2,199,000 | Building Class | C |
| Price Per Unit | $549,750 | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 2,427 SF |
| Cap Rate | 5% | Average Occupancy | 100% |
| Gross Rent Multiplier | 14.5 | No. Stories | 2 |
| No. Units | 4 | Year Built/Renovated | 1945/2024 |
| Property Type | Multifamily | Parking Ratio | 1.65/1,000 SF |
| Property Subtype | Apartment |
| Price | $2,199,000 |
| Price Per Unit | $549,750 |
| Sale Type | Investment |
| Cap Rate | 5% |
| Gross Rent Multiplier | 14.5 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,427 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1945/2024 |
| Parking Ratio | 1.65/1,000 SF |
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 700 |
| 2+1 | 2 | - | 550 |
1 of 1
Walk Score ®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 439-431-36 | Improvements Assessment | $301,695 (2024) |
| Land Assessment | $338,636 (2024) | Total Assessment | $640,331 (2024) |
PROPERTY TAXES
Parcel Number
439-431-36
Land Assessment
$338,636 (2024)
Improvements Assessment
$301,695 (2024)
Total Assessment
$640,331 (2024)
zoning
| Zoning Code | CUPD-CT-3- |
| CUPD-CT-3- |
1 of 19
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
4673-4677 32nd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.