Brokerage
Brokerage
4526-32 37th St
4526-32 37th Street, San Diego, CA, USA
Active
$1,950,000
Turn-key Normal Heights 4plex - 2 Units Vacant, ADU Potential
Property Type
Multifamily
Units
4
SqFt
3,200
Price
$1,950,000
Price/Unit
$487,500
Year Built
1940s
Market
San Diego
Price/SF
$609
Cap Rate
4.61%
GRM
15.16
Unit Mix
(4) 2bed/1bath
Property Description
Price Reduced! Please do not walk on property or disturb tenants. Extremely well-maintained 4plex in desirable Normal Heights, 2-blocks South of Adams Ave. ADU potential! Built 1940s, approx. 3,200 SF, (4) 2-bed/1-bath units ~800 SF each. Upper units feature private balconies. Lower units have private patios. Passed SB-721 balcony inspection. Extensively remodeled 1999/2005, including updates to plumbing, electrical, roofing, and interiors. All 4 water heaters recently replaced. 2 current tenants, offering potential for owner-occupant, or additional unit renovations and income. 6,049 SF lot zoned RM-1-1, well-maintained landscaping w/ drip irrigation system. (5) off-street parking off rear alley. Likely room in rear of lot to add 1 or more ADUs. Prime Normal Heights location w/ easy access to local amenities and transportation.
Contact Agent
Maxim Delbecq, MBA
Kenneth Herskind
858.333.7701
858.699.4013
01964069
01872460