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,… Read More 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 Read Less
Property listed by David Santistevan, Corey McHenry 619-994-8896
Listing Snapshot
Days Online
32
Last Updated
Property Type
Other
Year Built
2022
MLS Number
240027406SD
30 Days Snapshot Of 92104
$802k
-10%
(avg) sold price
17
-32%
homes sold
51
+4%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 2022, Levels: One, 1 story, 1 building
Community
Gated
Cooling
CentralAir
Fence
Partial
Income
Net operating income: $117,100
Roof
Composition
Security Features
GatedCommunity
Tenant Pays
Electricity, Gas, Sewer, TrashCollection, Water
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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