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
Property Details
- Stories1
Construction Details
- Property TypeMulti-Family
Condition
- Year Built2022
Community and Neighborhood Details
- SubdivisionNormal Heights
Location
- CountySan Diego
Financial Details
- Original List Price$2,465,000
Other
- MLS #240027406SD
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Corey McHenry (#SAND-677892)
Listing Office: David Santistevan (#SAND-5244)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.