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

Local realty services provided by:Better Homes and Gardens Real Estate Lakeview Realty
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:66 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Structure and exterior

  • Year built:2020
  • Lot area:0.21 Acres

Finances and disclosures

  • Price:$1,475,000
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