8-Unit Apartment Building with
4580 33rd Street San Diego, CA 92116
4580 33rd Street, San Diego, CA, 92116
$2,595,000
For Sale
$2,595,000
Eight-unit multifamily property featuring on-site laundry and 8 parking spaces, with six 2-bedroom and two 1-bedroom units.
Property Size5,414 SF
Price / SF$479.31
Days on Market210
Property Features for 4580 33rd Street
General Information
- Standard status
- Active
- Size
- 5,414 SF
- Property subtype
- Commercial-Res Income / Com-Res Income
Listing agency
ACI Apartments
(858) 876-5701
Listed by
Christina M Labowicz · License #02055851
(858) 876-5701
Source
Compass
Added: Dec 24, 2025 Updated: Jul 21 at 1:23PM Checked: Jul 22 at 6:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ACI Apartments
Investment Insights
Based on property information with market context.
Sun Villas is an 8-unit apartment property featuring a unit mix of (6) 2-bedroom units and (2) 1-bedroom units. The building includes on-site laundry and 8 parking spaces, supporting everyday convenience for residents.
Located at 4580 33rd Street in Normal Heights, the property offers walkable access with a Walk Score of 92, including walkable access to Adams Avenue and the nearby cultural energy of North Park and Kensington.
With efficient layouts and improvements to most units, Sun Villas provides a practical residential income configuration and an amenity set designed for resident day-to-day needs.
Located at 4580 33rd Street in Normal Heights, the property offers walkable access with a Walk Score of 92, including walkable access to Adams Avenue and the nearby cultural energy of North Park and Kensington.
With efficient layouts and improvements to most units, Sun Villas provides a practical residential income configuration and an amenity set designed for resident day-to-day needs.
Key Highlights
- 8‑unit multifamily in Normal Heights (92116) with walkable access highlighted by a 92 Walk Score
- Unit mix includes six 2‑bedroom units and two 1‑bedroom units
- On‑site laundry provided for residents
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $172.2k | $31.80 |
| − Vacancy | −$9.5k | −$1.75 |
| EGI | $162.7k | $30.05 |
| − OpEx | −$73.2k | −$13.52 |
| NOI | $89.5k | $16.53 |
5,414 SF · lease $31.80/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.28M
$1.12M – $1.49M
NOI $89,483 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.14M
$1.87M – $2.49M
NOI $149,686 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Amanda's Here for You
Hardware & Home Improvement
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FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property featuring on-site laundry and 8 parking spaces, with six 2-bedroom and two 1-bedroom units.
Where is this apartment building located?
The property is located at 4580 33rd Street San Diego, CA.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: 8‑unit multifamily in Normal Heights (92116) with walkable access highlighted by a 92 Walk Score; Unit mix includes six 2‑bedroom units and two 1‑bedroom units; On‑site laundry provided for residents
