4673 32nd Street

San Diego, CA 92116

$2,295,000
Price
6
Beds
6
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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,...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.
  1. Listed by Adam Cairo • DRE #01948040 • Brokerage DRE #01805453 • Starker West, Inc.
  2. Listed by Seth Watje • DRE #01805453 • Brokerage DRE #01805453 • Starker West, Inc.

Property Details for 4673 32nd Street

Cross Streets
Adams Ave
Area
Normal Heights (NLHS)
Lot Size Area
6681
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
439-431-36-00
LISTING UPDATED: 10/17/2024 10:10 AM

Property Details for 4673 32nd Street

StatusActive
MLS #240020705SD
Days on Market55
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1926
Lot Size0.15 AC / 6,681 SF
CountySan Diego County

Building Information for 4673 32nd Street

Stories2Residences-Year Built1926Building Size-Lot Size0.15 AC / 6,681 SF

Property Information for 4673 32nd Street

Community / Development
Community / Development
  • Complex Name: NH
  • Number Of Units: 4
  • Builders Tract Name: Normal Heights
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Entry Only
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $105,763.00
  • Gross Scheduled Income: $139,032
  • Cap Rate: 4.60%
  • Gross Rent Multiplier: $15.53
  • Other Income1: $10,000.00
  • Total Annual Expense: 38098
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.15
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: None
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: None
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, FHA, VA
  • Tenant Pays: None
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $1,995.00
  • Unit Actual Rent: $1,995.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Rent: $2,800.00
  • Unit Actual Rent: $2,800.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Rent: $3,495.00
  • Unit Actual Rent: $3,495.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Projected Rent: $3,495.00
  • Like Units: 1

Property History for 4673 32nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4673 32nd Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Adams Elementary School
PublicK to 5

Wilson Middle School
Public6 to 8

Hoover High School
Public9 to 12

San Diego Global Vision Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4673 32nd Street is a multi-family home for sale in San Diego, CA 92116. This property was listed for sale on August 29, 2024 by Starker West, Inc., it's currently listed at $2,295,000. It has been on the market for a total of 55 days and was last sold on January 15, 2024. This listing's school district is San Diego Unified School District. Nearby schools include Adams Elementary School, Wilson Middle School and Hoover High School. 4673 32nd Street is a 6-bed, 6-bath, multi-family home built in 1926.

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Listing Courtesy of Starker West, Inc., Adam Cairo, DRE #01948040; Starker West, Inc., Seth Watje, DRE #01805453

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