Property Description

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

Features
: Central Air
: Partial
: Patio
: Unit 1 Hookups, Unit 2 Hookups, Unit 3 Hookups, Unit 4 Hookups
Appliances
: Dishwasher, Range/Oven, Refrigerator, Washer, Dryer
Address Map
US
CA
SD
North Park
Normal Heights
92104
33rd Street
4321
W118° 52' 41.5''
N32° 45' 21.1''
Metro Uptown
Additional Info
David Santistevan
Additional Information
: None
: Stucco
: One
5
1
Listing Information
677892
5244
ACTIVE
2025-03-27T17:02:06Z
sdmls
: N/K

Residential Income

4321 33rd Street, North Park Ca 92104

8 Bedrooms
8 Bathrooms
4,000
$2,440,000
Listing ID #240027406
Basic Details
Property Type : Residential Income
Listing Type : For Sale
Listing ID : 240027406
Price : $2,440,000
Bedrooms : 8
Bathrooms : 8
Square Footage : 4,000
Year Built : 2022
Status : Active
Full Bathrooms : 8
Property Sub Type : Multi Family
Roof : Composition
Contact Agent
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year
$