The subject property 853 S 32nd St consists 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; the detached home has a private backyard and the remainder have fenced patios/front yards. Additionaly; the property… Read More has a detached garage that could potentially be converted to an accesory dwelling unit (ADU). Rents are significantly under market providing substantial upside/value-add through rent stabilization. The property is extremely well located and resides within both the 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, entertainment venues, 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. Read Less
Courtesy of Bridgepoint Realty Inc, Cameron Ebrahimi, 858-302-5935.
Listing Snapshot
Days Online
50
Last Updated
Property Type
Res Income 2-4 Units
Beds
6
Full Baths
4
Year Built
1956
MLS Number
250032693
Additional Details
Property Access
"Other/Remarks"
Building
Built in 1956, Building area total: 0, 2 number of buildings, 1 story total, Living area: 0, Living area units: Sqft, Building area units: Sqft, Building name: No, 4 total units, "Wood/Stucco", "1 Story"
Cooling
"Other/Remarks"
Expenses
Operating expense: $24,898
Fence
"Full", "Partial"
Income
Gross scheduled income: $70,860
Lot
Size area: 0.16, Size units: Acres
Property
Property subtype: Res Income 2-4 Units, Property type: Residential Income
Roof
"Other/Remarks"
Security Features
"N/K"
Tenant Pays
"Electricity"
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