4576 32nd Street

San Diego, CA 92116

$1,495,000
Last Sold Price
4
Beds
1,998 Sq. Ft.
$748 / Sq. Ft.
1,998
Sq. Ft.
$748
per Sq. Ft.

Description

A rare opportunity to own a 5-unit remodeled/upgraded apartment community in San Diego. Great Value-Add Multi-Family opportunity for investors in San Diego's coveted 92116 zip code. The area is nicknamed “Normal Heights” which is best known for vintage shops, bookstores, bars, and international eateries. This opportunity has a strong current cash flow and also has a fantastic rental income upside that the new owner can take advantage of. The property consists of 5 units situated on a 4,500 sq lot....A rare opportunity to own a 5-unit remodeled/upgraded apartment community in San Diego. Great Value-Add Multi-Family opportunity for investors in San Diego's coveted 92116 zip code. The area is nicknamed “Normal Heights” which is best known for vintage shops, bookstores, bars, and international eateries. This opportunity has a strong current cash flow and also has a fantastic rental income upside that the new owner can take advantage of. The property consists of 5 units situated on a 4,500 sq lot. The property is near Interstate 805 and Interstate 15 which makes traveling around the city accessible and is six miles from the bustling San Diego Downtown encompasses the historic Gaslamp Quarter where there are many restaurants, bars, and sites. Petco Park where they hold many concerts, the Padres baseball games, and other events.
  1. Listed by Christina Kim • DRE #01304079 • Brokerage DRE #01878277 • eXp Realty of California Inc. • 213-300-2337

Property Details for 4576 32nd Street

Parking Spaces Total
2
Private Pool
No
Cooling Type
Central Forced Air
Total Units
5.0
Building Type
Attached
Lot Size Source
Assessor
Lot Size Dimensions
1998
Living Area
1998

Location

Listing Courtesy of eXp Realty of California Inc., Christina Kim, DRE #01304079

Sold By HomeSmart Realty West, Jamila Higgs, DRE #01950487

Add your commute
LISTING UPDATED: 06/22/2023 08:09 PM

Property Details for 4576 32nd Street

StatusClosed
MLS #DW22243191
Days on Market195
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.10 AC / 4,500 SF
CountySan Diego County

Location

Listing Courtesy of eXp Realty of California Inc., Christina Kim, DRE #01304079

Sold By HomeSmart Realty West, Jamila Higgs, DRE #01950487

Add your commute

Building Information for 4576 32nd Street

Stories2Residences-Year Built1925Building Size-Lot Size0.10 AC / 4,500 SF

Payment Calculator

$8,159 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,159

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4576 32nd Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $123,600
  • Gross Scheduled Income: $123,600
  • Net Operating Income: $103,945
  • Laundry Income: $0
  • Financing: Cash To Existing Loan
Expense Details
  • Operating Expense: $18,983
  • New Taxes Expense: $9,283
  • Fuel Expense: $0
  • Electric Expense: $300
  • Insurance Expense: $3,200
  • Maintenance Expense: $1,200
  • Professional Management Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $3,600
  • Supplies Expense: $0
  • Total Expenses: $18,983
Tax / Assessment Info
  • Tax Year: 2022
  • Tax Block: 59
  • Tax Tract Number: 985
  • CFD/Mello-Roos Fee: $41
  • Tax Lot: 24
Community / Development
Community / Development
  • Community Features: Sidewalks
  • Community: UNIVERSITY HEIGHTS
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
Exterior Features
  • Fence: No
  • Fence: None
  • Fencing: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 5
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: University Heights
  • Builders Tract Code: University Heights
  • Personal Property Amount: $.00
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,850
  • Unit Type Total Rent: $1,850
  • Unit Type Pro Forma: 1850
  • Unit Type Area: 1187
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,095
  • Unit Type Total Rent: $2,095
  • Unit Type Pro Forma: 2095
  • Unit Type Area: 781
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,350
  • Unit Type Total Rent: $1,300
  • Unit Type Pro Forma: 1350
  • Unit Type Area: 596
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,375
  • Unit Type Total Rent: $1,350
  • Unit Type Pro Forma: 1375
  • Unit Type Area: 300
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 0
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,350
  • Unit Type Total Rent: $2,350
  • Unit Type Pro Forma: 2350
  • Unit Type Area: 1400
  • Unit Type Area Units: Square Feet
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 5
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 5

Property History for 4576 32nd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4576 32nd Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Adams Elementary School
PublicK to 5

Wilson Middle School
Public6 to 8

Hoover High School
Public9 to 12

San Diego Global Vision Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California Inc., Christina Kim, DRE #01304079

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 SDMLS®, Inc.