853 S 32nd St - Apartments FOR SALE


San Diego, CA 92113- Logan Heights
$1,195,000 USD
858-380-8553
853 S 32nd St, San Diego, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/23
null | 6.1% Cap Rate

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


HIGHLIGHTS

  • Corner Lot
  • Opportunity Zone & Transit Priority Area
  • ADU Potential
  • VA/FHA Owner-User Opportunity
  • Mix of 2 - 2bed/1ba's & 2 - 1bed/1baths

OVERVIEW

Presenting 853 S 32nd St, consisting 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 and the corner unit was just completely remodeled with new appliances and will be left vacant for potential owner/users and property tours. The detached home has a private backyard and courtyard the remainder have fenced patios/front yards. The property also has a detached garage that can be converted to an accessory dwelling unit (ADU) for additional income. Rents are under market providing substantial upside/value-add above a 6.1% with rent stabilization. The property resides in an 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, 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.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$513 USD /SF

# OF UNITS

4

PRICE/UNIT

$298,750

CAP RATE

6.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South 32nd St - 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

ASK ABOUT THIS PROPERTY

Cameron EbrahimiBridgePoint Realty, INCMore Info
858-380-8553

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Cameron EbrahimiBridgePoint Realty, INCMore Info
858-380-8553

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