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4326-4336 33rd St 12 Unit Apartment Building $3,150,000 ($262,500/Unit) 4.55% Cap Rate San Diego, CA 92104
Investment Highlights
- Off Street Parking - Rare for this area
- Two adjacent 6-unit buildings (Separate APNs)
- Rare two-building assemblage under a single ownership — ideal for 1031 exchange buyers
- Value-add opportunity with below-market rents
- 2019 roof replacements on both buildings
Executive Summary
South Coast Commercial is pleased to present 4326-4336 33rd Street, a 12-unit multifamily
investment comprising two contiguous 6-unit buildings in Normal Heights, San Diego. Situated on a
nearly 11,000-square-foot parcel, the property offers a diverse mix of studio, one- and two-bedroom
residences with off-street parking and on-site laundry in one of San Diego’s most supply-constrained
neighborhood apartment markets.
The property sits on a residential block just south of Adams Avenue, placing residents within easy
reach of the area’s restaurants, cafés, breweries, and local retailers. Combined with its central location
and proximity to North Park, Kensington, University Heights, and Mission Valley, 4326-4336 33rd Street
represents a well-located income property with clear upside to market rents.
investment comprising two contiguous 6-unit buildings in Normal Heights, San Diego. Situated on a
nearly 11,000-square-foot parcel, the property offers a diverse mix of studio, one- and two-bedroom
residences with off-street parking and on-site laundry in one of San Diego’s most supply-constrained
neighborhood apartment markets.
The property sits on a residential block just south of Adams Avenue, placing residents within easy
reach of the area’s restaurants, cafés, breweries, and local retailers. Combined with its central location
and proximity to North Park, Kensington, University Heights, and Mission Valley, 4326-4336 33rd Street
represents a well-located income property with clear upside to market rents.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,150,000 | Property Subtype | Apartment |
| Price Per Unit | $262,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.55% | Lot Size | 0.26 AC |
| Gross Rent Multiplier | 13.5 | Building Size | 9,162 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Zoning | CUPD-CT-2-4 | ||
| Price | $3,150,000 |
| Price Per Unit | $262,500 |
| Sale Type | Investment |
| Cap Rate | 4.55% |
| Gross Rent Multiplier | 13.5 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 9,162 SF |
| No. Stories | 2 |
| Year Built | 1970 |
| Zoning | CUPD-CT-2-4 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,189 | - |
| 1+1 | 7 | $1,653 | - |
| 2+1 | 3 | $1,940 | - |
| 2+2 | 1 | $2,215 | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Total Assessment | $1,915,462 (2026) | |
| Land Assessment | $753,622 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,161,840 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$753,622 (2026)
Improvements Assessment
$1,161,840 (2026)
Total Assessment
$1,915,462 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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4326-4336 33rd St
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