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… Read More 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 Read Less
Listing Snapshot
Days Online
24
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
2
Square Ft.
800
Year Built
1940
MLS Number
250043466SD
30 Days Snapshot Of 92116
$1.23M
+22%
(avg) sold price
21
+31%
homes sold
60
-9%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1940, Levels: One, Living area: 800, 1 story, Construction materials: Unknown
Cooling
SeeRemarks
Fence
Wood
Heating
SeeRemarks
Interior Features
SeeRemarks
Laundry
SeeRemarks
Parking
2 open parking spaces, 2 totals parking, Uncovered
Pool
None
Roof
SeeRemarks
Sewer
Unknown
Utilities
SeeRemarks
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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