We're pleased to present 853 S 32nd St, located in the heart of Logan Heights the subject property consists of one - 2bed/1ba detached home, one - 2bed/1bath and two - 1bed/1bath units among two structures on a 7,325 sq. ft CORNER LOT. Tenants enjoy fenced Yards for ALL units with one single car garage. Rents are significantly below market providing substantial value-add, with conservative rent increases & minor cosmetic improvements this operates above a 6% CAP rate. Additionally; there is a detached garage that can be converted to an ADU for added income and additional value-add.
The property is well located and within a Opportunity Zone and Transit Priority Area providing significant tax/development benefits. It is within a 5 minute drive to
Downtown San Diego, Coronado, the new Gaylord Development in Chula Vista along with the San Diego Naval Base. Tenants enjoy close proximity to city transportation, trolleys and bus lines, freeway access, places of employment, schools, entertainment venues, restaurants and the property resides just south of the newly
redeveloped Rodriguez Elementary School.
This is a great investment opportunity for an existing investor looking to build their portfolio or a first time owner/user seeking their first addition.