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

Local realty services provided by:ERA Donahoe Realty
1138-42 S 35th St,San Diego, CA 92113
$1,475,000
Virtual Tour
  • 9 Beds
  • 6 Baths
  • 3,462 sq. ft.
  • Multi-family
  • Active
Listed by: jason j lee
Office: nara advisors, inc.
MLS#:250034037
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,475,000
  • Price per sq. ft.:$426.05

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 unit leased at $2,166 per month, a new two-story 3Bed/2.5Bath unit leased at $3,250 per month, and a recently built 4Bed/2Bath unit leased at $3,480 per month. Recent upgrades further enhance long-term stability and ease of ownership. All three homes were equipped in 2020 with new ABS plumbing lines directly to the main. Two of the homes also feature tankless water heaters installed in 2020, while the third received a new standard water heater in 2022. At 3488 Boston Ave, tenants enjoy brand new tuff landscaping and an added parking space—boosting both curb appeal and functionality. The property generates a current gross scheduled income of $106,752 and supports a 5.1% cap rate at the reduced asking price,

Contact an agent

contact an agent

Yes, I would like more information from ERA®. Please use and/or share my information with an ERA affiliated agent to contact me about my real estate needs. By clicking Send message, I agree an ERA affiliated agent may contact me by phone or text message including by automated means about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:2020
  • Listing ID #:250034037
  • Added:114 day(s) ago
  • Updated:November 17, 2025 at 02:58 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:6
  • Full bathrooms:5
  • Half bathrooms:1
  • Living area:3,462 sq. ft.

Structure and exterior

  • Year built:2020
  • Building area:3,462 sq. ft.

Finances and disclosures

  • Price:$1,475,000
  • Price per sq. ft.:$426.05
MLS LogoThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc.

New listings near 1138-42 S 35th St