1103 33rd St

1103 33rd St #4

D

San Diego, CA 92102

$2,250,000
NEW — 4d on market

Beds

Baths

Sqft

2,550

Year Built

1950

Days on Market

4

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

PTP2602270

View on MLS

Description

Unlock exceptional long-term value with this rare opportunity to assume an ultra-low 2.25% interest rate (subject to lender approval). Ideally situated in the highly desirable Golden Hill neighborhood of San Diego, just minutes from the entrance to the 94 freeway, this well-maintained multi-unit property offers both convenience and strong income potential. Each unit features a consistent, functional layout (model match), with Unit 4 offering an expanded private patio, adding additional tenant appeal. The property has been thoughtfully upgraded, including modernized kitchens and bathrooms, updated electrical and plumbing systems, and efficient wall heaters. Additional highlights include: on-site laundry providing extra income, two parking spaces per unit (highly desirable in this area), private storage lockers for each unit and renovated in 2017. The current tenants currently cover the majority of operating expenses, resulting in extremely low monthly ownership costs and strong net income potential.

Mortgage Calculator

Est. Monthly Payment

$14,283

Principal & Interest$11,377
Property Tax$2,250
Insurance$656
%($450,000)
%

Comparable Properties

2 comps found

This Property

$4,121

vs

Comp Average

$4,476

Comps based on same zip code, similar beds (±1), price range (60-150%).

Investment Score

0D
Est. Monthly Rent
$4,121
Monthly Cashflow

Rent − PITI − HOA

$-10,162
Full Cashflow

Incl. vacancy, PM, maint, capex

$-12,985

Mortgage (P+I)
$11,377
Cap Rate
-0.86%
Cash-on-Cash
-34.63%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.29
Break-even Rent
$20,985

NOI (Annual)
$-19,294
Price-to-Rent

Lower = better for investors

45.5

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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