Back 4321 33rd Street
Off Market

4321 33rd Street

San Diego CA 92104

8
8
4000 sq. ft.
Multi-Family
Last sold for $2,150,000
Corey McHenryCorey McHenry, last sold this property on 12 August 2025 after 262 days on market.

Overview

NEW REDUCED PRICE | Seller Motivated | 5.81% Current Cap Rate | 6.45% Market Cap Rate. 4321 33rd Street, San Diego, CA 92104 is a newly built (2022) 5 unit apartment property located in the trendy Normal Heights area of mid-city San Diego with walking distance to Adams Avenue’s bustling restaurant and brewery scene and just a short drive to North Park, University Heights, South Park, Hillcrest & Kensington. The property boasts 80% HUGE 1,000 SF 2BR/2BA units with high end finishes and 14’ ceilings on the 2nd level. The property is extremely efficient with limited landscaping and on-going maintenance. The units boast individual hot water heaters, and electric meters (no gas) and submeters for water. Although the rents are very close to market, there is still additional upside in rents on turnover/lease renewal for each unit. Property is also exempt for California Rent Control AB-1482, due to the newer age of construction. NOTE that the property is 4 legal units with a 5th unit that is nonconforming. Due to recent changes to city density and ADU regulations, a buyer should have a clear path to perfecting the 5th unit. Buyer to Investigate viability of perfecting the 5th unit. Email listing agent for Offering Memorandum

Features

8 bedrooms
8 bathrooms
4000 sq. ft. floor area
Multi-Family

Estimated Value

Based on this property and similar 8 bedroom multi families sold in San Diego over the last 12 months, the estimated median property value of 4321 33rd Street is $2.15m.

Median value
$2.15m
Estimated value range
$2.05m - $2.69m
Median days on market
63
Estimated value trend
0%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in San Diego. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 4321 33rd Street

2025
Sold
$2,150,000
12 Aug 2025 by Corey McHenry, of David Santistevan

Happy sellers in San Diego

92%
92% of sellers in San Diego reported that their sale price either exceeded or met their price expectations.

San Diego stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 5 reviews in San Diego over the last 12 months.

Local market activity for 8 bedroom multi families in San Diego

In the last 12 months, 3 eight-bedroom multi families similar to 4321 33rd Street, have been sold.

This represents a 300% decrease in eight-bedroom multi families sales when compared to the previous 12 months.

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