1027–39 S 32nd Street presents the opportunity to acquire three detached, extensively remodeled cottages in San Diego’s 92113 submarket, together with finalized plans and permits for four additional units. The existing cottage configuration offers residents greater privacy, separation, and a more residential living experience than a traditional apartment property. The approved expansion would increase the property from three to seven total units. With the design, City coordination, and permitting process already completed, the next owner can move forward without starting the entitlement process from the beginning. The offering combines current income, rental upside, and a permit-ready development opportunity, making it well suited for both long-term multifamily investors and developers seeking an efficient path to new construction.