853 S 32nd St, San Diego, CA, 92113 | 2.54% Rental Yield

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853 S 32nd St, San Diego, CA, 92113 | 2.54% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Total monthly income runs $2,642/mo, and a $6,113/mo payment. Purchase price stands at $1,249,000, and rental yield measures 2.54% with $2,642/mo rent. Return on cash invested shows 5.29% in year one, and 5% annual appreciation builds toward $345,076 over five years. Five-year ROI reaches 24.36% and total cumulative return in cash records $98,579. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,642/mo property income covering a $6,113/mo payment rather than investor’s personal income.

Multi Family

Built in 1956

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

The subject property 853 S 32nd St consists of one detached 2bed/1ba home, one - 2bed/1bath and two - 1bed/1ba units on a 7,325 sq. foot corner lot. The units are well maintained; the detached home has a private backyard and the remainder have fenced patios/front yards. Additionaly; the property has a detached garage that could potentially be converted to an accesory dwelling unit (ADU). Rents are significantly under market providing substantial upside/value-add through rent stabilization. The property is extremely well located and resides within both the Opportunity Zone, Transit Priority Area as well as the San Diego Promise Zone providing significant tax/development benefits and strong potential for continued gentrification in the region. It is within a 5 minute drive to Downtown San Diego, PETCO Park & the Convention Center, Coronado Island, the new Gaylord Development in Chula Vista and the San Diego Naval Base. Tenants enjoy close proximity to city transportation, trolleys and bus lines, freeway access, employment hubs, schools, entertainment venues, restaurants and the property resides just south of the newly redeveloped Rodriguez Elementary School. The central location & property features make this a great investment opportunity for a first time investor, owner occupant or seasoned developer or existing owner looking to add to their portfolio.

Neighborhood Data

Neighborhood data shown for ZIP Code: 92113, San Diego, CA area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	13,800 (100%)
Owner Occupied HU	3,948 (28.6%)
Renter Occupied HU	9,238 (66.9%)
Vacant Housing Units	614 ( 4.4%)
Median Home Value	$598,544
Average Home Value	$665,910