853 S 32nd St - Apartments FOR SALE


San Diego, CA 92113- Logan Heights
$1,195,000 USD
858-321-5181
853 S 32nd St, San Diego, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/14
null | 4.26% Cap Rate

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


HIGHLIGHTS

  • 7,325 sq. ft CORNER LOT
  • Significant Value Add
  • Within the Opportunity Zone & Transit Priority Area - SDPZ (San Diego Promise Zone)
  • Private Yards for All Units
  • ADU Conversion Potential

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$513 USD /SF

# OF UNITS

4

PRICE/UNIT

$298,750

CAP RATE

4.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

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

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 Notice.