4459 32nd St
San Diego, CA 92116
Active
$1,798,000
Property Description
Irreplaceable 1926 built, Spanish-style front 2bed+1bath house with plentiful charm and character (est. at 960 SF) w/ raised porch, new flooring, recent bathroom upgrades, 2-car tandem driveway parking, and W/D hookups. (3) 2bed+1bath units in rear triplex built 1983 (est. at 730 SF avg. each). (4) 1-car/storage garages on rear alley – POTENTIAL FOR ADUs $$$! Solid current rents with 24%+ upside. Common area gated courtyard with coin-op. laundry. Potential to increase laundry or storage income. Tenants currently pay water. 2 units due for renewal August '22. 2 off-street parking spaces in rear alley. Front yard has potential for additional parking. Well maintained interiors with vinyl wood-like flooring, SS appliances, upgraded kitchens and bathrooms, and additional storage/bonus room(s). Units and exterior are ready for further upgrades. Highly desirable, central Normal Heights location near everything. Zoned RS-1-7. Long-term owner last 23 years.
Property Details
Property Type
Multifamily
Units
4
SqFt
3,149
Unit Mix
(4) 2bed+1bath
Year Built
1930/80
Price
Price/Unit
Price/SF
GRM
Cap Rate
$1,798,000
$449,500
$571
16.62
4.01%
Property Location
Normal Heights