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

Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
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1138-42 S 35th St,San Diego, CA 92113
$1,599,000
Virtual Tour
  • 9 Beds
  • 6 Baths
  • 1,400 sq. ft.
  • Multi-family
  • Active
Listed by:jason j lee
Office:nara advisors, inc.
MLS#:250034037
Source:SANDICOR

Price summary

  • Price:$1,599,000
  • Price per sq. ft.:$1,142.14

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 House, a New Construction two-story 3Bed/2.5Bath House, and a newly constructed 4Bed/2Bath as well. The 3 bedroom 2.5 bath house is currently vacant, offering immediate upside at market rental rates or perfect for someone to house hack and live in the unit. The two remodeled units have been updated to today’s standards, commanding above-market rents. With projected gross annual income of $116,400 and a cap rate of 5%, this asset delivers strong cash flow and minimal overhead. Tenants pay for SDGE and water, and operating expenses remain low due to the property’s turnkey condition. Located just minutes from Downtown San Diego, Southcrest continues to attract strong tenant demand thanks to its walkability,

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Home facts

  • Year built:1979
  • Listing Id #:250034037
  • Added:19 day(s) ago
  • Updated:August 14, 2025 at 02:02 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:6
  • Full bathrooms:5
  • Half bathrooms:1
  • Living area:1,400 sq. ft.

Structure and exterior

  • Year built:1979
  • Building area:1,400 sq. ft.

Finances and disclosures

  • Price:$1,599,000
  • Price per sq. ft.:$1,142.14
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