4580 33rd St, San Diego, CA 92116
8 Units – Six 2 bedroom/2 Bath | Two 1 bedroom/1 Bath
Main
THE OFFERING
8 Units – Six 2 bedroom/2 Bath | Two 1 bedroom/1 Bath
For buyers focused on stable in-place returns, the property’s current cap rate supports pricing in income and in recent comparable sales on a price-per-unit basis. Within the 92116 submarket, the asset distinguishes itself through an exceptionally strong and rare unit mix: six 2-bedroom / 2-bath units and two 1-bedroom / 1-bath units an uncommon configuration for an 8-unit property in this area.
Two-bedroom units consistently outperform in tenant demand, retention, and rent stability, reducing turnover risk while supporting higher effective rents. As a result, the income profile is both durable and defensible. When evaluated alongside competing offerings, buyers will naturally gravitate toward the combination of in-place cap rate performance and functional layouts, as these factors remain primary decision drivers for acquisitions in this submarket.
HIGHLIGHTS
Investment Highlights
Key Investment Strengths
This 8-unit multifamily property in 92116 is performing well based on in-place income, allowing us to evaluate value using current cap rate and GRM rather than relying on speculative assumptions. At today’s rents, the property supports an in-place cap rate of approximately 5.36% and a 12.19 GRM, improving to a 5.69% cap and 11.70 GRM at top market rents. These metrics position the asset favorably relative to recent sales in the immediate area
Desirable Unit Mix & Property Layout
The unit mix of six 2-bedroom units and two 1-bedroom units is well aligned with tenant demand in this submarket. Built in 1960 on a 6,251 SF lot, the property offers a practical, low-friction layout that appeals to long-term hold investors
92116 Location Fundamentals
Situated just down the road from comparable assets, this property benefits from the same demand drivers, rental stability, and supply constraints that support the broader 92116 corridor
Final Thoughts
This property is positioned as a financially solid, cap-rate-forward asset that offers stability today with incremental upside, rather than one dependent on future construction or aggressive projections. In a market that continues to reset toward normal underwriting standards, this profile remains well aligned with where capital is actually trading.
Let’s Sell Your Property the Right Way.
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Tel: 619-299-3000
Email: admin@aciapartments.com
https://aciapartments.com/
Address: 7946 Ivanhoe Ave Suite 300B, La Jolla CA 92037




