Seller's Agent in 2023
Christina Kim
Christina Kim, Broker
(949) 371-5004
1 in this area
36 Total Sales
4576 32nd St San Diego, CA 92116
Normal Heights Neighborhood
4
Beds
--
Bath
1,998
Sq Ft
4,500
Sq Ft Lot
About This Home
As of June 2023A rare opportunity to own a 5-unit remodeled/upgraded apartment community in San Diego. Great Value-Add Multi-Family opportunity for investors in San Diego's coveted 92116 zip code. The area is nicknamed “Normal Heights” which is best known for vintage shops, bookstores, bars, and international eateries. This opportunity has a strong current cash flow and also has a fantastic rental income upside that the new owner can take advantage of.
The property consists of 5 units situated on a 4,500 sq lot. The property is near Interstate 805 and Interstate 15 which makes traveling around the city accessible and is six miles from the bustling San Diego Downtown encompasses the historic Gaslamp Quarter where there are many restaurants, bars, and sites. Petco Park where they hold many concerts, the Padres baseball games, and other events.
Last Agent to Sell the Property
Christina Kim, Broker Brokerage Phone: 213-300-2337 License #01304079 Listed on: 11/16/2022
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Lot Details
- 4,500 Sq Ft Lot
- 1 Common Wall
- Density is 2-5 Units/Acre
Parking
- 2 Car Garage
Home Design
- Quadruplex
Interior Spaces
- 4 Bedrooms
- 1,998 Sq Ft Home
- 2-Story Property
- Laundry Room
Utilities
- Central Heating and Cooling System
Listing and Financial Details
- Legal Lot and Block 24 / 59
- Tax Tract Number 985
- Assessor Parcel Number 4475132300
- $41 per year additional tax assessments
Community Details
Overview
- 3 Buildings
- 5 Units
- University Heights Subdivision
Amenities
- Laundry Facilities
Building Details
- 5 Leased Units
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 5 Separate Water Meters
- Electric Expense $300
- Insurance Expense $3,200
- Maintenance Expense $1,200
- Water Sewer Expense $3,600
- New Taxes Expense $9,283
- Operating Expense $18,983
- Gross Income $123,600
- Net Operating Income $103,945
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/21/2023 06/21/23 | Sold | $1,495,000 | 0.0% | $748 / Sq Ft |
| 05/30/2023 05/30/23 | Pending | -- | -- | -- |
| 04/11/2023 04/11/23 | Price Changed | $1,495,000 | -90.0% | $748 / Sq Ft |
| 04/11/2023 04/11/23 | Price Changed | $14,950,000 | +864.5% | $7,482 / Sq Ft |
| 04/05/2023 04/05/23 | Price Changed | $1,550,000 | -3.1% | $776 / Sq Ft |
| 02/21/2023 02/21/23 | Price Changed | $1,600,000 | -4.5% | $801 / Sq Ft |
| 12/29/2022 12/29/22 | Price Changed | $1,675,000 | -1.5% | $838 / Sq Ft |
| 11/16/2022 11/16/22 | For Sale | $1,700,000 | -- | $851 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Agents Affiliated with this Home
-
Christina Kim
-
Jamila Higgs
Buyer's Agent in 2023
Jamila Higgs
HomeSmart Realty West
(619) 453-3065
1 in this area
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: DW22243191
APN: 447-513-23-00
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Based on information from California Regional Multiple Listing Service, Inc. 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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