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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 (CAD) Annual Per SF (CAD)
Gross Rental Income $123,318 $53.62
Other Income $955 $0.42
Vacancy Loss - -
Effective Gross Income $124,273 $54.03
Taxes $10,015 $4.35
Operating Expenses $24,532 $10.67
Total Expenses $34,547 $15.02
Net Operating Income $89,726 $39.01

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $123,318
Annual Per SF $53.62
Other Income (CAD)
Annual $955
Annual Per SF $0.42
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $124,273
Annual Per SF $54.03
Taxes (CAD)
Annual $10,015
Annual Per SF $4.35
Operating Expenses (CAD)
Annual $24,532
Annual Per SF $10.67
Total Expenses (CAD)
Annual $34,547
Annual Per SF $15.02
Net Operating Income (CAD)
Annual $89,726
Annual Per SF $39.01

Property Facts

Price $2,044,126 CAD
Price Per Unit $511,032 CAD
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 $2,588 CAD 575
Moderately walkable
60/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
447-573-05
Land Assessment
$282,023 CAD (2025)
Improvements Assessment
$490,525 CAD (2025)
Total Assessment
$772,547 CAD (2025)
Annual Taxes
$10,015 CAD ($4.35 CAD/SF)
Tax Year
2026 Payable 2026
  • Listing ID: 40353129

  • Date on Market: 2026-04-30

  • Last Updated:

  • Address: 4152-4164 33rd St, San Diego, CA 92104

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