21 S 35th Street, San Diego, CA 92113
Local realty services provided by:Better Homes and Gardens Real Estate Clarity
21 S 35th Street,San Diego, CA 92113
$2,500,000
- 4 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:maxwell brown
Office:commercial asset advisors
MLS#:PTP2507131
Source:San Diego MLS via CRMLS
Price summary
- Price:$2,500,000
About this home
We are pleased to present the opportunity to acquire a high-yield, mostly renovated, low-density, double-lot multifamily asset with a detached 3 bed / 2 bath house in Central San Diego. 21-33 S. 35th Street was originally constructed in 1960, with 9 of the 10 units renovated in 2022, including the buildout of the two ADUs. 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 over 1 parking space per bedroom. 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, and bayall within a 10-minute drive. Select units possess views of the Downtown San Diego skyline and the Coronado Bridge. 21-33 S. 35th Street offers strong in-place financial metrics at $206,940 gross scheduled annual income, with the immediately available rent increases yielding a 5.38% cap rate. Additionally, the existing rents are under market, allowing for further income potential with market gross income of $245,000 for a potential 6.80% cap rate.
Contact an agent
Home facts
- Listing ID #:PTP2507131
- Added:159 day(s) ago
- Updated:September 29, 2025 at 02:32 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
Finances and disclosures
- Price:$2,500,000
New listings near 21 S 35th Street
- New$1,249,900Active3 beds 2 baths1,447 sq. ft.
4107 Cole Way, San Diego, CA 92117
MLS# CRPTP2507403Listed by: REALTY ENTERPRISE - Open Sat, 10am to 1pmNew$710,000Active3 beds 2 baths968 sq. ft.
6302 Clyde, San Diego, CA 92139
MLS# PW25227091Listed by: CARO EVANS, BROKER - New$1,150,000Active1 beds 2 baths1,210 sq. ft.
877 Island Ave #808, San Diego, CA 92101
MLS# 250040164SDListed by: COMPASS - Coming Soon$2,799,000Coming Soon4 beds 4 baths
12105 View Pointe Row, San Diego, CA 92128
MLS# NDP2509425Listed by: SWELL PROPERTY - New$485,000Active1 beds 1 baths661 sq. ft.
6314 Friars Road #102, San Diego, CA 92108
MLS# 250039527Listed by: DANIEL GRANDFIELD, BROKER - New$1,580,000Active4 beds 3 baths2,159 sq. ft.
10535 Arbor Park Place, San Diego, CA 92131
MLS# 250040153Listed by: SAN DIEGO CASTLES REALTY - New$499,000Active2 beds 1 baths912 sq. ft.
9189 Village Glen, San Diego, CA 92123
MLS# SW25227423Listed by: REALTY RX - New$499,000Active2 beds 1 baths912 sq. ft.
9189 9189 Village Glen, San Diego, CA 92123
MLS# SW25227423Listed by: REALTY RX - New$1,775,000Active3 beds 2 baths1,680 sq. ft.
3805 Atascadero Dr, San Diego, CA 92107
MLS# 250040149SDListed by: TXR HOMES, INC. - New$1,775,000Active3 beds 2 baths1,680 sq. ft.
3805 Atascadero Dr, San Diego, CA 92107
MLS# 250040149SDListed by: TXR HOMES, INC.