23
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$1,195,000
Est. payment /mo
7,326 Sqft Lot
New
853 S 32nd St San Diego, CA 92113
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Logan Heights
MLS Listing ID 260020132SD
HOA Y/N No
Year Built 1956
Lot Size 7,326 Sqft
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 92113 - Logan Heights
Building/Complex Name no
Zoning RM-1-1
Interior
Cooling See Remarks
Fireplace No
Exterior
View Y/N Yes
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 5500510100
Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA, VA Loan
Listing Terms Cash, Conventional, Cal Vet Loan, FHA, VA Loan
Virtual Tour https://www.propertypanorama.com/instaview/snd/2601068
Listed by Cameron Ebrahimi Bridgepoint Realty Inc #01820290
NEARBY SCHOOL & BUSINESS
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