1138 42 S 35th St, San Diego, CA 92113

Local realty services provided by:ERA North Orange County Real Estate
#1#2#3
1138 42 S 35th St,San Diego, CA 92113
$1,599,000
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  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:jason lee
Office:nara advisors, inc.
MLS#:250034037SD
Source:CRMLS

Price summary

  • Price:$1,599,000

About this home

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,

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Home facts

  • Year built:1979
  • Listing Id #:250034037SD
  • Added:24 day(s) ago
  • Updated:August 13, 2025 at 01:21 PM

Structure and exterior

  • Year built:1979
  • Lot area:0.21 Acres

Finances and disclosures

  • Price:$1,599,000
Based on information from California Regional Multiple Listing Service, Inc. as of August 14, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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