4321 33rd Street
San Diego, CA, 92104
For Sale
$2,395,000
PRICE REDUCTION! 5.9% Mkt Cap Rate. 4321 33rd Street, San Diego, CA 92104 is a newly built (2022) 5 unit apartment property located in the trendy Normal Heights area of mid-city San Diego with walking distance to Adams Avenue’s bustling restaurant and brewery scene and just a short drive to North Park, University Heights, South Park, Hillcrest & Kensington. The property boasts 80% HUGE 1,000 SF 2BR/2BA units with high end finishes and 14’ ceilings on the 2nd level. The property is extremely efficient with limited landscaping and on-going maintenance. The units boast individual hot water heaters, and electric meters (no gas) and submeters for water. Although the rents are very close to market, there is still additional upside in rents on turnover/lease renewal for each unit. Property is also exempt for California Rent Control AB-1482, due to the newer age of construction. NOTE that the property is 4 legal units with a 5th unit that is nonconforming. Due to recent changes to city density and ADU regulations, a buyer should have a clear path to perfecting the 5th unit. Buyer to Investigate viability of perfecting the 5th unit. Email listing agent for Offering Memorandum
Get in touch
Interested in this property or one like it? Reach out today to talk with advertising agent Shen Schulz.
Listed by:
Corey McHenry with David Santistevan
(619) 994-8896
4321 33rd Street is a Residential Income property located in San Diego, California, MLS #240027406SD.
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Data last modified: 2025-04-02 21:10:46