21-33 S 35th Street, San Diego, CA 92113
Local realty services provided by:ERA North Orange County Real Estate
21-33 S 35th Street,San Diego, CA 92113
$2,300,000
- 4 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: maxwell brown
Office: commercial asset advisors
MLS#:PTP2601254
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,300,000
About this home
Price just reduced by $200,000 to facilitate a quick sale! 21-33 S 35th St presents the opportunity to acquire a high yield, partially renovated, low-density, triple lot, multifamily asset with a detached 3 Bed /2 Bath house in Central San Diego. The property possesses 3 water meters, suggesting a 3-way lot split could be feasible on the site. 21-33 S. 35th Street was originally constructed in 1960 with 9 of the 10 units renovated in 2021-2022 including the buildout of the two studio ADUs. A few units do possess deferred maintenance from 4-5 years of rental operations. One unit should receive a full interior renovation. 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 for over 1 parking space per bedroom. 21-33 S. 35th Street offers strong financial metrics with $209,748 GSI in-place and $218,630 GSI with immediately available rent increases yielding a 6.07% cap rate. Additionally, the existing rents are under market allowing for further income potential with market gross income of $233,880 for a potential 6.70% cap rate. 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, & Bay all withi...
Contact an agent
Home facts
- Listing ID #:PTP2601254
- Added:10 day(s) ago
- Updated:May 03, 2026 at 02:08 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
Finances and disclosures
- Price:$2,300,000
New listings near 21-33 S 35th Street
- Coming Soon
$1,585,000Coming Soon3 beds 2 bathsAddress Withheld By Seller, San Diego, CA 92122
MLS# 260010637SDListed by: HOMESMART REALTY WEST - New
$689,000Active2 beds 2 baths993 sq. ft.450 J St, San Diego, CA 92101
MLS# 260010639SDListed by: NICK TAYLOR ENT. - Coming Soon
$1,165,000Coming Soon3 beds 2 baths4911 Campanile Dr., San Diego, CA 92115
MLS# PTP2603366Listed by: COLDWELL BANKER WEST - New
$459,000Active2 beds 2 baths870 sq. ft.4885 Cole #36, San Diego, CA 92117
MLS# 260010629SDListed by: UTCHOMES - New
$829,000Active2 beds 2 baths1,291 sq. ft.1601 India #214, San Diego, CA 92101
MLS# 260010632SDListed by: COMPASS - Coming Soon
$875,000Coming Soon3 beds 2 baths4319 Poplar Street, San Diego, CA 92105
MLS# NDP2604264Listed by: REALTY OPTIONS - Coming Soon
$1,325,000Coming Soon2 beds 2 bathsAddress Withheld By Seller, San Diego, CA 92101
MLS# 260010621SDListed by: COMPASS - New
$785,000Active2 beds 3 baths1,564 sq. ft.6786 Caminito Del Greco, San Diego, CA 92120
MLS# 260010626SDListed by: UTCHOMES - New
$1,695,000Active5 beds 3 baths2,383 sq. ft.3211 Mercer Lane, San Diego, CA 92122
MLS# NDP2604258Listed by: COLDWELL BANKER REALTY - Coming Soon
$799,000Coming Soon2 beds 2 baths13754 Mango Drive #315, Del Mar, CA 92014
MLS# PTP2603359Listed by: REAL BROKER