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4665-4669 34th Street

San Diego, CA 92116
  • $7,725,000
  • STATUS: ACTIVE
  • ON SITE: 103 Days
  • ID#: 250022880
UPDATED: 22 min ago
$7,725,000
  • 3
    BEDS
  • 0.3
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present 4665-4669 34th Street, a core multi-family investment opportunity in the highly desirable Normal Heights neighborhood. The fully turnkey and renovated property offers a stable, high-quality asset with strong market fundamentals. This multi-family property checks every box for a prime investment. Each unit includes dedicated parking and the property is fully secure/gated, ensuring security and convenience for all tenants. The majority of the units are 2 Bedroom layouts, providing a functional and attractive living space. Notably, due to the property consisting of two parcels, an on-site manager is not required, reducing the operational costs and maximizing efficiency. Beyond the property itself, the Normal Heights location is a key value driver. As one of San Diego's most desirable neighborhoods, the area offers proximity to nearby amenities, strong tenant demand, and a positive neighborhood reputation, all factors that contribute to long-term investment security. With a fully renovated asset in a prime location, 4665-4669 34th Street represents an excellent opportunity for investors seeking core multi-family acquisition with strong long-term upside. Please see attached OM for more details.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.mercergrouprealestate.com/homes/162018568
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4665-4669 34th Street San Diego, CA 92116

  • Price: $7,725,000
  • Status: ACTIVE
  • On Site: 103 Days
  • Updated: 22 min ago
  • ID#: 250022880
3
Beds
2
Baths
0
½ Baths
0.3
Acres
Neighborhood:
Normal Heights (92116)
County:
San Diego
Area:
Normal Heights (92116)
Property Description
We are pleased to present 4665-4669 34th Street, a core multi-family investment opportunity in the highly desirable Normal Heights neighborhood. The fully turnkey and renovated property offers a stable, high-quality asset with strong market fundamentals. This multi-family property checks every box for a prime investment. Each unit includes dedicated parking and the property is fully secure/gated, ensuring security and convenience for all tenants. The majority of the units are 2 Bedroom layouts, providing a functional and attractive living space. Notably, due to the property consisting of two parcels, an on-site manager is not required, reducing the operational costs and maximizing efficiency. Beyond the property itself, the Normal Heights location is a key value driver. As one of San Diego's most desirable neighborhoods, the area offers proximity to nearby amenities, strong tenant demand, and a positive neighborhood reputation, all factors that contribute to long-term investment security. With a fully renovated asset in a prime location, 4665-4669 34th Street represents an excellent opportunity for investors seeking core multi-family acquisition with strong long-term upside. Please see attached OM for more details.
Exterior Features

Construction Stucco Parking Other/RemarksSpaces Parking Spaces Total 16 Roof Other/Remarks

Interior Features

Cooling Other Floor Coverings Other/Remarks Floors Other/RemarksSlab Heating Wall Laundry Owned Sq Ft Of Improvement 13250 Stories 2 Story Unit Furnished1 No Unit Furnished2 No Units With Dishwashers 16 Units With Disposals 16 Units With Ranges 16 Units With Refrigerators 16

Property Features

Actual Cap Rate 4.7 Actual Gross Scheduled Income 545280.0 Actual Operating Expense 166811 Assumable Finance 0 Buildings 2 Complex Features Other/Remarks Gross Equity 3399000 Gross Multiplier 14.2 Have Units Leased Apartments 16 Mandatory Remarks None Known Market Area Metro Uptown Monthly Rent Total 43350 Motive Want Sell Other Income Amount 2300 Other Income Source RUBSPark Sq Ft Source Buyer to Verify Terms CashCash to New LoanOther/Remarks Unit Number1 12 Unit Number2 4 Unit Rent Total1 33950 Unit Rent Total2 9180 Unit Rent1 $2645-$3095 Unit Rent2 $2195-$2395 Unit Type Apartment

San Diego MLS logo Listing provided courtesy of Josh Browar of The Browar Group: 858-414-4398. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Mercer Group | Keller Williams La Jolla
4071 Adams Avenue
San Diego CA, 92116