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

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
1138 42 S 35th St,San Diego, CA 92113
$1,475,000
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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:$1,475,000

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 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,

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Home facts

  • Year built:2020
  • Listing ID #:250034037SD
  • Added:117 day(s) ago
  • Updated:November 15, 2025 at 03:20 PM

Structure and exterior

  • Year built:2020
  • Lot area:0.21 Acres

Finances and disclosures

  • Price:$1,475,000
Based on information from California Regional Multiple Listing Service, Inc. as of November 15, 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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