San Diego, CA 92113,853 S 32nd St
San Diego, CA 92113,853 S 32nd St
San Diego, CA 92113,853 S 32nd St
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$1,195,000
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7,326 Sqft Lot
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853 S 32nd St San Diego, CA 92113

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Logan Heights

MLS Listing ID 2601068SD

HOA Y/N No

Year Built 1956

Lot Size 7,326 Sqft

Property Description

We're please to present 853 S 32nd St, consisting 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, conservative/consistent rent increases would bring this to above a 6.2% CAP rate. The property is well located and resides in an 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 92113 - Logan Heights

Building/Complex Name no

Zoning RM-1-1

Interior

Cooling See Remarks

Fireplace No

Exterior

View Y/N Yes

Roof Type Composition

Building

Story 1

Entry Level One

Level or Stories One

Others

Senior Community No

Tax ID 5500510100

Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA, VA Loan

Listing Terms Cash, Conventional, Cal Vet Loan, FHA, VA Loan


CRMLS – RECore
Listed by Cameron Ebrahimi Bridgepoint Realty Inc

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853 S 32nd St