1027–39 S 32nd Street presents the opportunity to acquire three detached, extensively remodeled cottages in San Diego’s 92113 submarket, together with finalized plans and permits for four additional units.
The existing cottage configuration offers residents greater privacy, separation, and a more residential living experience than a traditional apartment property. The units also provide near-term income upside, with comparable remodeled and newly constructed two-bedroom residences in the surrounding market achieving higher rents for similar units.
Unique detached-cottage layout with extensive remodeling already completed, offering tenants privacy, separation, and a more residential feel than a traditional apartment building.
Immediate Rental Upside
Existing rents appear to have room to grow, with nearby remodeled and new construction 2- bedroom comps showing rental potential around $2,900/month.
Finalized Plans for 4 Additional Units
Seller has completed extensive design and City work, with finalized plans in hand to expand the property to 7 total units, reducing entitlement risk, timing, and holding-cost uncertainty for the next buyer.
Lifestyle
The property at 1027–39 S 32nd Street, San Diego, CA 92113 is located in the Logan Heights neighborhood, a vibrant urban community known for its rich cultural heritage
Employment
Nearby job hubs include Downtown San Diego, the Port of San Diego, Naval Base San Diego, and UC San Diego Health – Hillcrest Medical Center.
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