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4655 33rd St 9 Unit Apartment Building $3,893,624 CAD ($432,625 CAD/Unit) 4.50% Cap Rate San Diego, CA 92116
Investment Highlights
- Excellent Location - Walk Score 95 - Shares Alley with New Fire Station 18
- Abundant parking for each resident & potential to add more.
- Assumable Chase Debt
- Rarely Seen & well maintained Premium Major System materials.
- Ground Floor units offer private outdoor patio space.
- Efficient & Open Floor Plans across all units.
Executive Summary
Don't miss this premium multifamily asset in A+ location (Walk Score of 95) steps from Adams Avenue in the heart of Normal Heights. This 9 unit complex was built in 1986 with the highest quality internal system materials including copper plumbing and schedule 80 ABS throughout. Other premium building attributes include but are not limited to pitched roofing, generous allotted parking, private exterior patio spaces for select units, and the convenient ability to convert extra storage into in-unit washer/dryer hookups. Further opportunity exists in ADU conversion of currently enclosed two-car garage.
Come see for yourself why this property has not changed hands in 30+ years.....
Current loan with Chase Bank is assumable. Contact Brokers for detail.
Come see for yourself why this property has not changed hands in 30+ years.....
Current loan with Chase Bank is assumable. Contact Brokers for detail.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| 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 (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,893,624 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $432,625 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 4.50% | Building Size | 4,968 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 97% |
| Gross Rent Multiplier | 13.9 | No. Stories | 2 |
| No. Units | 9 | Year Built | 1986 |
| Property Type | Multifamily | Parking Ratio | 2.21/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM 1-2 - Medium Density multiple dwelling residences allowed 1 Unit per 2500 SF | ||
| Price | $3,893,624 CAD |
| Price Per Unit | $432,625 CAD |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.9 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,968 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 2.21/1,000 SF |
| Zoning | RM 1-2 - Medium Density multiple dwelling residences allowed 1 Unit per 2500 SF |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Attic
- Island Kitchen
- Pantry
- Vinyl Flooring
- Floor to Ceiling Windows
Site Amenities
- Courtyard
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | $2,781 CAD | 450 - 500 |
| 2+2 | 2 | $3,824 CAD | 829 - 900 |
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 439-441-11 | Total Assessment | $1,991,779 CAD |
| Land Assessment | $952,840 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $1,038,939 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
439-441-11
Land Assessment
$952,840 CAD
Improvements Assessment
$1,038,939 CAD
Total Assessment
$1,991,779 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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4655 33rd St
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