21
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$2,465,000
Est. payment /mo
8 BD
8 BA
1,000 SqFt
Active
4321 33rd Street San Diego, CA 92104
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UPDATED:
11/27/2024 12:16 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 1,000 sqft
Price per Sqft $2,465
Subdivision Normal Heights
MLS Listing ID 240027406
Bedrooms 8
Full Baths 8
HOA Y/N No
Year Built 2022
Property Description
4321 33rd Street, San Diego, CA 92104 is a newly built (2022) 5 unit apartment property located in the trendy Normal Heights area of mid-city San Diego with walking distance to Adams Avenue’s bustling restaurant and brewery scene and just a short drive to North Park, University Heights, South Park, Hillcrest & Kensington. The property boasts 80% HUGE 1,000 SF 2BR/2BA units with high end finishes and 14’ ceilings on the 2nd level. The property is extremely efficient with limited landscaping and on-going maintenance. The units boast individual hot water heaters, and electric meters (no gas) and submeters for water. Although the rents are very close to market, there is still additional upside in rents on turnover/lease renewal for each unit. Property is also exempt for California Rent Control AB-1482, due to the newer age of construction. NOTE that the property is 4 legal units with a 5th unit that is nonconforming. Due to recent changes to city density and ADU regulations, a buyer should have a clear path to perfecting the 5th unit. Buyer to Investigate viability of perfecting the 5th unit. Email listing agent for Offering Memorandum
Location
State CA
County San Diego
Community Normal Heights
Area North Park (92104)
Building/Complex Name NA
Interior
Cooling Central Forced Air
Exterior
Exterior Feature Stucco, Wood/Stucco
Fence Partial
Roof Type Composition
Building
Story 1
Lot Size Range 4000-7499 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $2,895
Listing Terms Cash, Conventional
Listed by Corey McHenry • David Santistevan
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