853 S 32nd St - Apartments FOR SALE


San Diego, CA 92113- Logan Heights
$1,295,000 USD
858-321-5181
853 S 32nd St, San Diego, CA for Sale
$1,295,000 USD
Apartments - FOR SALE
1/11
null | 5.63% Cap Rate

853 S 32nd St
San Diego, CA 92113
Logan Heights


HIGHLIGHTS

  • Located Within OPPORTUNITY ZONE - Transit Priority Area (TPA) & SDPZ (San Diego Promise Zone)
  • 7,328 Sq. Ft. Corner Lot
  • Single Family Detached 2bed/1ba w Private Back Yard + 2 - 1bed/1baths & Additional 2bed/1ba Unit
  • Private Yards/Front Patios
  • Significant Upside in Rents - Value Add
  • Detached Single Car Garage - Potential for ADU Conversion

OVERVIEW

The subject property 853 S 32nd St consists of one detached 2bed/1ba home, one - 2bed/1bath and two - 1bed/1ba units on a 7,325 sq. foot corner lot. The units are well maintained; the detached home has a private backyard and the remainder have fenced patios/front yards. Additionaly; the property has a detached garage that could potentially be converted to an accesory dwelling unit (ADU). Rents are significantly under market providing substantial upside/value-add through rent stabilization. The property is centrally located and resides within both the Opportunity Zone, Transit Priority Area as well as the San Diego Promise Zone providing significant tax/development benefits and strong potential for continued gentrification in the region. It is within a 5 minute drive to Downtown San Diego, PETCO Park & the Convention Center, Coronado Island, the new Gaylord Development in Chula Vista and the San Diego Naval Base. Tenants enjoy close proximity to city transportation, trolleys and bus lines, freeway access, employment hubs, schools, entertainment venues, restaurants and the property resides just south of the newly redeveloped Rodriguez Elementary School. The central location & property features make this a great investment opportunity for a first time investor, owner occupant or seasoned developer or existing owner looking to add to their portfolio in a pocket that stands to reap the benefits of continued eastward development and gentrification. Contact Primary Agent - Cameron Ebrahimi for all inquiries. DO NOT WALK ON PROPERTY OR DISTURB TENANTS

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$556 USD /SF

# OF UNITS

4

PRICE/UNIT

$323,750

CAP RATE

5.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

853 S 32nd Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

550-051-01-00

ASK ABOUT THIS PROPERTY

Adrian GonzalezBridgePoint Realty, INCMore Info
858-321-5181

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Adrian GonzalezBridgePoint Realty, INCMore Info
858-321-5181

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