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1138 S 35th St
San Diego, CA 92113 Southcrest

Price Upon Request

Multifamily For Sale • 3,462 SF

Property Details

Property Type Multifamily
Total Building Size 3,462 SF
Year Built 2020
Zoning RM-1-1

54 Transit Score

66 Walk Score

                
                    Highlights
                
                                Fully stabilized asset consisting of three standalone units on one parcel, including a brand new construction two-story 4Bed/2Bath ADU
                            
                                Projected to generate $116,400 in gross annual income with a cap rate of 5.7%
                            
                                4Bed/2ba & 3Bed/2.5ba are ground up new construction developments
                            
                                Tenants pay for SDGE and water, keeping operating expenses low with minimal maintenance required
                            
                                Located in Southcrest, one of Southeastern San Diego's strongest rental markets with high tenant demand
                            
                                Close proximity to Downtown San Diego and major freeways, offering excellent accessibility and long-term rental appeal

Financial Summary (Actual)

Net Operating Income: $74,939 USD (2024)

Total Expenses:

$26,475 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	8 min	-	4.1 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	11 min	-	7.4 mi
Airport	Drive	Walk	Distance
San Diego International	11 min	-	6.6 mi

1138 S 35th St OFF MARKET San Diego, CA 92113 Southcrest OFF MARKET