4626 32nd Street new

San Diego,CA 92116

$ 1950000

2 Beds

2 Baths

800 SqFt


Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 800 sqft

Price per Sqft $2,437

Subdivision Normal Heights

MLS Listing ID 250043466SD

Bedrooms 2

Full Baths 2

Year Built 1940

Property Sub-Type Single Family Residence

Property Description

Whitewater Commercial Real Estate is pleased to present a modern 12-unit permit-ready (RTI) multifamily development opportunity with an existing fully renovated duplex located in the heart of Normal Heights, just steps from the Adams Avenue corridor. Situated on a 6,250 SF lot, the property currently features a renovated duplex, single-family home, and detached shed. Utilizing the City of San Diego's ADU Bonus Program, the approved plans call for demolition of the single-family home and shed and construction of a new 12-unit multifamily building behind the existing duplex. Plans will be delivered fully approved and ready to issue upon payment of final permit fees. The new 12-unit building will consist of (7) market-rate 1BD/1BA units, (4) moderate-income units (110% AMI), and (1) inclusionary low-income unit (60% AMI) across three stories, with private decks for all but one unit. Unit sizes range from approximately 430–450 SF. The existing single-story duplex will remain as part of the property and includes (2) fully renovated 1BD/1BA units of approximately 400 SF each, providing immediate rental income and flexibility during construction. Located less than a block south of Adams Avenue, 4626 32nd Street offers excellent walkability to neighborhood cafés, restaurants, and retail. With quick access to the 805, 8, and 15 freeways, the site provides easy commutes to Mission Valley, North Park, and Downtown. The property's efficient all-one bedroom unit mix and central infill location make this an ideal build-for-sale or long-term investment opportunity in one of San Diego's mo

Location

State CA

County San Diego

Area 92116 - Normal Heights

Interior

Heating See Remarks

Cooling See Remarks

Laundry See Remarks

Exterior

Parking Features Other,Uncovered

Fence Wood

Pool None

Utilities Available See Remarks

View Y/N No

Roof Type See Remarks

Building

Story 1

Sewer Unknown

Water See Remarks

New Construction No

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