NOT LISTED FOR SALE

329-43 32nd St San Diego, CA 92102

Stockton Neighborhood
6 Beds
4 Baths
2,342 Sq Ft
7,068 Sq Ft Lot

Last Sold May 30, 2019

Last sale price $690,000 $295 Per Sq Ft

14 Days on Market

Highlights

  • Corner Lot
  • 1-Story Property
  • 3-minute walk to J St Park
  • Partially Fenced Property

About This Home

As of May 2019

Bread and butter 4-plex in PRIME OPPORTUNITY ZONE with great cash flow and rental upside. These units are an excellent investment- duplex consists of 2- 1BD/1BA units and 2 detached 2BD/ 1BA homes all with below market rents. Large 7068 SF full size lot zoned RM-2-5 with alley access and concrete driveway supporting plenty of off-street parking for units. Supports a projected CAP rate of 7% and 10 GRM. Great for an owner occupant as well. Easy freeway access close to downtown and Balboa Park. See suppl. This property is located in a Designated Opportunity Zone area as certified by the US Department of Treasury per the California Opportunity Zone map. The Tax Cuts and Jobs Act of 2017 which established Opportunity Zones as a mechanism to provide tax incentives for investment in designated census tracts. Investments made by individuals through special funds in these zones would be allowed to defer or eliminate federal taxes on capital gains.

Last Agent to Sell the Property

Darin Triolo

Keller Williams Realty License #01376927 Listed on: 04/10/2019

Keller Williams Realty

Last Buyer's Agent

Alicia Guillen

Mission Home Financing License #01052487

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1945

Lot Details

  • 7,068 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 545-210-17-00

Community Details

Overview

  • 3 Buildings
  • 4 Units

Pet Policy

  • Pet Restriction

Building Details

  • Net Operating Income $27,950

Property Details

Home Type

Multi-Family

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Central
  • Cross Street: Market Street
  • Neighborhood: Stockton
  • Supplement: This property is located in a Designated Opportunity Zone area as certified by the US Department of Treasury per the California Opportunity Zone map. The Tax Cuts and Jobs Act of 2017 which established Opportunity Zones as a mechanism to provide tax incentives for investment in designated census tracts. Investments made by individuals through special funds in these zones would be allowed to defer or eliminate federal taxes on capital gains.
  • LP / Sq Ft: 18.07
  • Stories: 1 Story
  • Sale Price List Price: 0.92
  • Total Stories: 1
  • Year Built: 1945
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: x
  • Pets Allowed: Allowed w/Restrictions
  • Community: SAN DIEGO

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Corner Lot, Public Street, Rear Yd Str Access, Sidewalks, Street Paved
  • Topography: Level
  • Assessor Parcel Number: 545-210-17-00
  • Estimated Lot Sq Ft: 7068
  • Estimated Number of Acres: 0.16
  • Map Code Column: F
  • Map Code Page: 1289
  • Map Code Row: 4

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 27950
  • Annual Expense Actual: 17050
  • Annual Expense Projected: 17285
  • Gross Rent Multiplier Actual: 13.0
  • Gross Rent Multiplier Projected: 10.2
  • Gross Sched Income Actual: 45000
  • Gross Sched Income Projected: 58800
  • Number Of Buildings: 3
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2019 05/30/19 Sold $690,000 -8.0% $295 / Sq Ft
04/26/2019 04/26/19 Price Changed $750,000 +25.0% $320 / Sq Ft
04/25/2019 04/25/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $600,000 -- $256 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Darin Triolo

    Seller's Agent in 2019

    Darin Triolo

    Keller Williams Realty

    (619) 804-5686

    183 Total Sales

    Darin Triolo
    Section Image

  • A

    Buyer's Agent in 2019

    Alicia Guillen

    Mission Home Financing

    Section Image
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Map

Source: San Diego MLS

MLS Number: 190019241

San Diego MLS
California San Diego County San Diego 92102 Stockton

329-43 32nd St, San Diego, CA

This home is located at 329-43 32nd St, San Diego, CA 92102 since 10 April 2019. This property was built in 1945. 329-43 32nd St is a home located in San Diego County with nearby schools including Kimbrough Elementary School, Logan Memorial Educational Campus, and King-Chavez Primary Academy.

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