21 33 S 35th Street

San Diego, CA 92113

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,629 Sqft
  • 14521
    Sqft(Lot)
$2,500,000

Description

We are pleased to present the opportunity to acquire a high-yield, mostly renovated, low-density, double-lot multifamily asset with a detached 3 bed / 2 bath house in central san diego. 21-33 s. 35th street was originally constructed in 1960, with 8 of the 10 units renovated in 2022, including the buildout of the two adus. the asset consists of 5 buildings: a detached 3 bed/ 2 bath house, a 1 bed / 1 bath detached cottage, a quadplex of (4) 1 bed / 1 bath units, a duplex of (2) studios, and a duplex of (2) 2022-completion studio adus. all but two units have mid-sized private yards, helping to drive longer-term occupancy and higher rents. the property is well parked, with 13 off-street parking spaces for the 10 units, providing over 1 parking space per bedroom. the asset is centrally located in logan heights, providing quick access to downtown san diego, coronado island, balboa park, north park, south park, and the san diego navy base, airport, and bay—all within a 10-minute drive. select units possess views of the downtown san diego skyline and the coronado bridge. 21-33 s. 35th street offers strong in-place financial metrics at $206,940 gross scheduled annual income, with the immediately available rent increases yielding a 5.38% cap rate. additionally, the existing rents are under market, allowing for further income potential with market gross income of $241,500 for a potential 6.80% cap rate.

  • Property Type

    Residential Income

  • County

    San Diego

  • Style

    Residential Income

  • AD ID

    49486573

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Water/Sewer

    • Sewer : Public Sewer

    Cooling Features

    • Air Conditioning

    Heating Source

    • Has Heating

    Fireplace

    • Has Fireplace: 0

  • Building Information

    • Year Built: 1960
    • Building Area Total: 4,629

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3334
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 14521

  • Listing Price Information

    • Original List Price: 2,500,000
    • Listing Contract Date: 2025-04-14

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5461360200

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 92113 - Logan Heights
    • Directions: GPS
    • Zoning: RM1-1
    • Source Property Type: Residential Income
    • Area: 92113 - Logan Heights

    Building and Construction

    • Property Age: 65
    • Common Walls: 2+ Common Walls
    • Year Built Source: Vendor Enhanced
    • Entry Level: 1
    • Entry Location: street
    • Property Attached: Yes
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BuyOwner last updated this listing 04/26/2025 @ 02:47

  • MLS: PTP2502876
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 4,629 sqft, 14,521 sized lot, and 0 parking. are nearby neighborhoods.