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$1,295,000
Est. payment /mo
6 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Logan Heights
MLS Listing ID 250032693
Bedrooms 6
Year Built 1956
Lot Dimensions 50x140
Property Sub-Type Res Income 2-4 Units
Property Description
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 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.
Location
State CA
County San Diego
Area Metro Central
Interior
Cooling Other/Remarks
Fireplace No
Exterior
Fence Full, Partial
View Y/N No
Roof Type Other/Remarks
Building
Story 1
Level or Stories 1
Others
Tax ID 550-051-01-00
Virtual Tour https://www.propertypanorama.com/instaview/snd/250032693
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Listed by Cameron Ebrahimi Bridgepoint Realty Inc
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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