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3344 32nd St

San Diego, CA 92104
  • $2,300,000
  • STATUS: ACTIVE
  • ON SITE: 69 Days
  • ID#: 230019065
UPDATED: 96 min ago
$2,300,000
  • 10
    BEDS
  • 0.14
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

5-Unit value add opportunity in premium location of the Altadena enclave of North Park. Just steps from coffee shops, markets, breweries, and restaurants. 2 buildings situated as a detached 2 bedroom in the front and a fourplex in the back. All units are 2 bed/1 ba with upward potential in rent. Immediate opportunity for pass-thru income by implementing RUBS. 3 of the 5 units have been outfitted with new LVP flooring. A little love on the exterior will go a long way with the property.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
www.gellens.com/homes/143833644
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3344 32nd St San Diego, CA 92104

  • Price: $2,300,000
  • Status: ACTIVE
  • On Site: 69 Days
  • Updated: 96 min ago
  • ID#: 230019065
10
Beds
5
Baths
0
½ Baths
0.14
Acres
Neighborhood:
North Park (92104)
County:
San Diego
Area:
North Park (92104)
Property Description
5-Unit value add opportunity in premium location of the Altadena enclave of North Park. Just steps from coffee shops, markets, breweries, and restaurants. 2 buildings situated as a detached 2 bedroom in the front and a fourplex in the back. All units are 2 bed/1 ba with upward potential in rent. Immediate opportunity for pass-thru income by implementing RUBS. 3 of the 5 units have been outfitted with new LVP flooring. A little love on the exterior will go a long way with the property.
Exterior Features

Carports 0 Construction Stucco Exterior Block FencePart Fenced Parking Spaces Parking Spaces Total 5 Roof Composition Units With Garages 0

Interior Features

Laundry Owned Sq Ft Of Improvement 3724 Stories 2 Story Units With Ranges 5 Units With Refrigerators 5

Property Features

Actual Cap Rate 3.6 Actual Gross Scheduled Income 122100.0 Actual Operating Expense 38340 Assumable Finance 0 Buildings 2 Complex Features None Existing Financing Clear Financial Information Source Owner Fiscal Year From 22 Fiscal Year To 23 Gross Equity 2300000 Gross Multiplier 18.8 Have 5 Units Leased Apartments 5 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 10000 Motive Want Cash Out Other Income Amount 2100 Other Income Source Laundry Present Loan Owned Free And Clear Short Sale No Special Rent Control Sq Ft Source Tax Record Tenant Pays Electric 5 Tenant Pays Gas 5 Tenant Pays Water 0 Terms CashExchange Up Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Rent Total1 2750 Unit Rent Total2 1800 Unit Rent Total3 1850 Unit Rent Total4 1750 Unit Rent Total5 1850 Unit Rent1 2750 Unit Rent2 1800 Unit Rent3 1850 Unit Rent4 1750 Unit Rent5 1850 Unit Type Other/Remarks Zoning R-2:Minor

San Diego MLS logo Listing provided courtesy of Peter Giacalone of Eng Properties: 619-993-0469. Listing information © 2023 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2023 San Diego MLS, Inc. Licensed in the state of California.
 
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