$1,485,000

Estimated payment $9,710/month

Total Views 488
5 Beds
2 Baths
1,661 Sq Ft
$894 Price per Sq Ft

Highlights

  • Partially Fenced Property
  • Birney Elementary School Rated A
  • 1-Story Property

About This Home

4333 Florida Street sits in the highly desirable neighborhood of University Heights, which continues to be one of the most in-demand rental markets in uptown San Diego. Built in 1953 and extensively improved in 2022, the 2-unit complex boasts a Walk Score of 95 and totals approximately 1,661 rentable square feet. The lot size is approximately 5,622 square feet and is situated in Complete Communities Tier 3 (6.5 FAR), offering future redevelopment potential. Both units are standalone cottages with no shared walls and ample yard space. The front unit is a 2-bedroom/1-bath cottage, and the back unit is a spacious 3-bedroom/1-bath cottage. Both units have been recently remodeled with new vinyl plank flooring, hardware, recessed lighting, and updated kitchens and bathrooms. The exteriors have also been extensively improved with new doors, dual-pane vinyl windows, siding, and paint. The units are ready to rent but could be further upgraded by adding in-unit washer/dryers and air conditioning. Attractive tenant offerings include ample yard and patio space for each unit and three detached single-car garages, which also have the potential for an ADU conversion. Both units will be delivered vacant, making this an ideal opportunity for investors, owner-users, and developers with ample possibilities. Located only two blocks from Park Boulevard, the property is within walking distance of all the best of University Heights. The 8 and 163 freeways are also nearby, providing easy access for tenants. 4333 Florida Street ultimately pre

Listing Agent

Ben Sierpina

Marcus & Millichap License #02062416 Listed on: 07/17/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953

Home Design

  • Composition Roof

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Assessor Parcel Number 445-323-13-00

Community Details

Overview

  • 3 Buildings
  • 2 Units

Building Details

  • Net Operating Income $57,503

Property Details

Home Type

Multi-Family

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: Metro Uptown
  • Cross Street: Florida St & El Cajon Blvd
  • Neighborhood: University Heights
  • Stories: 1 Story
  • Total Stories: 1
  • Year Built: 1953
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Condo/Co-op/Association

  • Community: UNIVERSITY HEIGHTS

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 445-323-13-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 57503
  • Annual Expense Actual: 31201
  • Gross Rent Multiplier Actual: 16.07
  • Gross Sched Income Actual: 92400
  • Number Of Buildings: 3
  • Number Of Units With Garage: 2
  • Number Of Units With Patios: 1

Map

Range of Values:

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Average Value
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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
07/17/2025 07/17/25 For Sale $1,485,000 +16.0% $894 / Sq Ft
08/14/2023 08/14/23 Sold $1,280,000 +28.0% $744 / Sq Ft
08/03/2023 08/03/23 Pending -- -- --
07/28/2023 07/28/23 For Sale $1,000,000 -- $581 / Sq Ft
Source: San Diego MLS

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Source: San Diego MLS

MLS Number: 250033634

San Diego MLS

APN: 445-323-13-00