4459 32nd St

San Diego, CA 92116

Active

$1,798,000

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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

Contact Agent

Maxim Delbecq, MBA

858.333.7701

DRE # 01964069

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