Log In/Sign Up
Your email has been sent.
4152-4164 33rd St 4 Unit Apartment Building $1,499,000 ($374,750/Unit) 4.40% Cap Rate San Diego, CA 92104
Investment Highlights
- Central location on the edge of desirable North Park
- Fully updated with current finishes
- Individual bungalows with private yards
Executive Summary
Built when character counted, these four charming 1 bedroom/1 bath cottages each have a private entrance off a gated courtyard. Completely remodeled, they feature modern style without sacrificing charm. With individual, large backyards and storage rooms they live like tiny homes. Units are well maintained with dual-paned windows and individual tankless water heaters. Plumbing and sewer lines have been replaced. Three of the four units also feature new roofs and new sub-panels. Separate landlord-owned laundry room provides additional income. 33rd Street has lots of street parking and great walkability to shops, restaurants and bus line. (No onsite parking.)
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$90,432
|
$39.32
|
| Other Income |
$700
|
$0.30
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$91,132
|
$39.62
|
| Taxes |
$7,344
|
$3.19
|
| Operating Expenses |
$17,990
|
$7.82
|
| Total Expenses |
$25,334
|
$11.01
|
| Net Operating Income |
$65,798
|
$28.61
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $90,432 |
| Annual Per SF | $39.32 |
| Other Income | |
|---|---|
| Annual | $700 |
| Annual Per SF | $0.30 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $91,132 |
| Annual Per SF | $39.62 |
| Taxes | |
|---|---|
| Annual | $7,344 |
| Annual Per SF | $3.19 |
| Operating Expenses | |
|---|---|
| Annual | $17,990 |
| Annual Per SF | $7.82 |
| Total Expenses | |
|---|---|
| Annual | $25,334 |
| Annual Per SF | $11.01 |
| Net Operating Income | |
|---|---|
| Annual | $65,798 |
| Annual Per SF | $28.61 |
Property Facts
| Price | $1,499,000 | Building Class | C |
| Price Per Unit | $374,750 | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 2,300 SF |
| Cap Rate | 4.40% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1937/2024 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | R3 - R-3, Restricted Multiple | ||
| Price | $1,499,000 |
| Price Per Unit | $374,750 |
| Sale Type | Investment |
| Cap Rate | 4.40% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 2,300 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1937/2024 |
| Opportunity Zone |
Yes |
| Zoning | R3 - R-3, Restricted Multiple |
Amenities
Unit Amenities
- Storage Space
- Heating
- Kitchen
- Range
- Tub/Shower
- Yard
- Double Pane Windows
- Vinyl Flooring
Site Amenities
- Controlled Access
- Laundry Facilities
- Gated
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $1,898 | 575 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 447-573-05 | Total Assessment | $566,525 (2025) |
| Land Assessment | $206,813 (2025) | Annual Taxes | $7,344 ($3.19/SF) |
| Improvements Assessment | $359,712 (2025) | Tax Year | 2026 Payable 2026 |
Property Taxes
Parcel Number
447-573-05
Land Assessment
$206,813 (2025)
Improvements Assessment
$359,712 (2025)
Total Assessment
$566,525 (2025)
Annual Taxes
$7,344 ($3.19/SF)
Tax Year
2026 Payable 2026
1 of 15
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Tracey Stotz, Broker
4152-4164 33rd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.