4135 32nd St., San Diego, California 92104, San Diego, 92104 - 2 bed, 1 bath
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4135 32nd St.
San Diego, California 92104
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
1,000Sq Ft
7,500Lot Size
Property Price
LIST PRICE$1,890,000
EST. MARKET VALUE
$1,778,292
6% AboveMARKET VALUE
SUMMARY
This Professionally Renovated Triplex represents a High-Potential Investment Opportunity, listed at $1,890,000—positioned above the $1,778,293 Fair Market Value. Despite the premium pricing, the property offers a Mint Condition Rating with modern shaker-style kitchens, A/C, and private outdoor spaces. Located in the heart of North Park, it provides immediate rental appeal and proximity to top-tier education, including McKinley Elementary (9/10). With its high lot utilization and turnkey status, this asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a flexible, income-generating urban sanctuary.
Estimated Market Value
$1,778,292
Based on Realkey algorithm analyzing recent comparable sales in San Diego.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Despite the 1926 build date, the property has undergone a comprehensive professional renovation within the last 5 years. The interiors feature modern shaker-style kitchens with stainless steel appliances, fully remodeled bathrooms with contemporary tiling and fixtures, updated flooring, and the installation of A/C systems in all units, meeting the criteria for mint condition.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1000.
- Great Schools
Elementary School: McKinley Elementary School (9/10).
- Multi-Unit Income Potential
This professionally designed triplex in a high-rent North Park location offers three updated units, providing excellent cash flow opportunities or a flexible owner-user setup.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7500, other record lot size in square feet = 4823. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 6.
- Premium Pricing
The list price of $1.89M reflects a significant increase from the 2023 sale price of $1.445M, which may impact the overall capitalization rate for investors.
- Historic Infrastructure Risks
Originally built in 1926, the property may require ongoing maintenance of aging systems typical of century-old structures, despite the recent cosmetic and interior upgrades.
About 4135 32nd St.
Also listed as a residential income property. Opportunity awaits to own a beautifully updated triplex in the heart of North Park. Each unit is tastefully redone.The property consists of 3 units professionally designed, all with A/C in a high rent area, near restaurants and nightlife. All units offer custom features, stainless steel appliances and private accessibility. Conveniently located south of El Cajon Blvd, north of University and west of the 805 freeway. The first of the 3 units is a stand-alone unit, cottage style home with 2 bedrooms, 1 remodeled bathroom, small enclosed sun porch, private fenced in side yard and 1 car garage with washer and dryer, Second unit also features 2 bedroom, 1 bathroom and features an open floor plan, A/C, fenced in patio area and washer, dryer. Third unit is similar to the second unit.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1926
- Lot Size
- 7,500 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Diego Unified Schools
Edison Elementary School
Grades K-5 • 0.4 mi
7/10
Jefferson Elementary School
Grades K-5 • 0.6 mi
6/10
Garfield Elementary School
Grades K-5 • 0.7 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.3 |
| Baths | 1.0 | 2.3 |
| Square foot | 1,000 | 1,777.941 |
| Lot Size | 7,500 | 6,474.445 |
| Price | $1.89M | $1.27M |
| Price per sq ft | $1.9K | $741 |
| Built year | 1926 | 1971 |
| HOA | $0 | $184 |
| Days on market | 6 | 40 |
Pricing History
Listed for Sale
Sep 3, 2026
$1,890,000
Initial Listing
Sold
Mar 22, 2023
$1,445,000
Public Record
Sold
Feb 1, 2019
$776,000
Public Record