4608 33rd St - Apartments FOR SALE


San Diego, CA 92116- Normal Heights
$2,300,000 USD
619-784-1031
4608 33rd St, San Diego, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/6
null | 5.01% Cap Rate

4608 33rd St
San Diego, CA 92116
Normal Heights


HIGHLIGHTS

  • Prime Central San Diego Location – Normal Heights
  • Extremely Well-Maintained Asset, Multiple Upgraded Units
  • ADU Potential in the Front Garages Without Removing Parking
  • Ample Onsite Parking (Surface & Garages)
  • Excellent Walkability to Shops, Dining and Nightlife Along Adams Ave
  • Convenient Access to Nearby Neighborhoods Including Mission Valley, Kensington, North Park and South Park

OVERVIEW

7-unit apartment complex located in the Normal Heights neighborhood of San Diego. Built in 1980, the unit mix consists of two (2) 2Bdrm/2Bath, (2) 2Bdrm/1Bath and (3) 1Bdrm/1Bath units with ample onsite parking (9 spaces + a pair of single-car garages) and a laundry room. The property benefits from its central location and excellent walkability to shops, dining and nightlife being situated just south of Adams Ave boasting a WalkScore of 94. This represents an opportunity to acquire an extremely well-maintained asset and with strong in-places rents with efficient operations (established RUBS system) with additional rental upside in one of San Diego's best rental markets. Realistic ADU Potential in the front by converting the two single-car garages without removing any parking.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$434 USD /SF

# OF UNITS

7

PRICE/UNIT

$328,571

CAP RATE

5.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7-Units Prime Normal Heights

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,251 SF

ZONING

RM-1-2

APN/PARCEL ID

439-432-16

ASK ABOUT THIS PROPERTY

James V. CarterApartment Realty Group, IncMore Info
619-784-1031

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James V. CarterApartment Realty Group, IncMore Info
619-784-1031

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.