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$ 1,599,000
Est. payment | /mo
9 Beds
6.5 Baths
$ 1,599,000
Est. payment | /mo
9 Beds
6.5 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Logan Heights
MLS Listing ID 250034037
Bedrooms 9
Half Baths 1
Year Built 1979
Property Sub-Type Res Income 2-4 Units
Property Description
1138-42 S 35th St offers a rare opportunity to own a NEW CONSTRUCTION, income-producing triplex in the heart of Southcrest—one of Southeastern San Diego's most desirable rental markets. Situated on a single parcel, this property features three standalone structures: a 2Bed/1Bath House, a New Construction two-story 3Bed/2.5Bath House, and a newly constructed 4Bed/2Bath as well. The 3 bedroom 2.5 bath house is currently vacant, offering immediate upside at market rental rates or perfect for someone to house hack and live in the unit. The two remodeled units have been updated to today's standards, commanding above-market rents. With projected gross annual income of $116,400 and a cap rate of 5%, this asset delivers strong cash flow and minimal overhead. Tenants pay for SDGE and water, and operating expenses remain low due to the property's turnkey condition. Located just minutes from Downtown San Diego, Southcrest continues to attract strong tenant demand thanks to its walkability, vibrant culture, and quick freeway access. This is an ideal opportunity for investors seeking a high-performing asset in a growing urban market.
Location
State CA
County San Diego
Area Metro Central
Zoning RM-1-1
Interior
Cooling Other/Remarks
Fireplace No
Exterior
Fence Other/Remarks
View Y/N No
Roof Type Other/Remarks
Building
Story 2
Level or Stories 2
Others
Tax ID 550-182-16-00
Special Listing Condition Other/Remarks
Virtual Tour https://www.propertypanorama.com/instaview/snd/250034037
Listed by Jason J Lee Nara Advisors, Inc.
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”