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Donita Thompson

donitasellssandiego@gmail.com +1(619) 994-9031

$1,195,000

Est. payment - /mo

6 Beds

4 Baths

7,325 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Logan Heights

MLS Listing ID 260020132

Bedrooms 6

Full Baths 4

Year Built 1956

Lot Size 7,325 Sqft

Lot Dimensions 50X140

Property Sub-Type Res Income 2-4 Units

Property Description

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 and will be left vacant for potential owner/users and property tours. The detached home has a private backyard and 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 6.2% with rent stabilization. NOTE: Entry CAP rate reflects the 2bed/1ba remodeled unit being vacant. The property is well located and 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.

Location

State CA

County San Diego

Area Metro Central

Zoning RM-1-1

Interior

Cooling Other/Remarks

Fireplace No

Exterior

Fence Full

View Y/N Yes

View City

Roof Type Composition

Building

Story 1

Level or Stories 1

Schools

School District San Diego Unified School Distric

Others

Senior Community No

Tax ID 550-051-01-00

Acceptable Financing Cal Vet, Cash, Conventional, Exchange, FHA, VA

Listing Terms Cal Vet, Cash, Conventional, Exchange, FHA, VA

Virtual Tour https://www.propertypanorama.com/instaview/snd/2601068

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Listed by Cameron Ebrahimi, DRE#01820290 Bridgepoint Realty Inc

Nearby Locations

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Donita Thompson

+1(619) 994-9031

Broker Associate | License ID: 01113919

Broker Associate License ID: 01113919

853 S 32nd St San Diego, CA 92113

Donita Thompson

Key Details

Location

Interior

Exterior

Building

Schools

Others

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853 S 32nd St