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
$2,499,500
- 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:$2,499,500
About this home
We are pleased to present the opportunity to acquire a high-yield, mostly renovated, low-density, triple-lot multifamily asset with a detached 3 bed / 2 bath house in Central San Diego. The property possesses 3 water meters, suggesting a potential 3-way lot split as a possibility for additional value growth. 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 $213k gross scheduled annual income, with the immediately available rent increases yielding a 5.60% 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:206 day(s) ago
- Updated:November 15, 2025 at 04:12 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
Finances and disclosures
- Price:$2,499,500
New listings near 21 S 35th Street
- New
$2,845,000Active3 beds 3 baths2,923 sq. ft.7964 Auberge Circle, San Diego, CA 92127
MLS# 250044128Listed by: COMPASS - Coming Soon
$1,599,000Coming Soon4 beds 3 bathsAddress Withheld By Seller, San Diego, CA 92104
MLS# 250044032SDListed by: COMPASS - New
$4,750,000Active4 beds 4 baths3,005 sq. ft.2812 Bayside Walk, San Diego, CA 92109
MLS# CRNDP2510745Listed by: PROFESSIONAL REALTY SERVICES - New
$745,000Active2 beds 1 baths984 sq. ft.3711 Balboa #B, San Diego, CA 92117
MLS# CRPTP2508532Listed by: REAL BROKER - New
$1,599,000Active3 beds 2 baths1,697 sq. ft.2205 Leon Avenue, San Diego, CA 92154
MLS# CRPTP2508592Listed by: PACIFIC REALTY PROPERTY SALES - New
$1,050,000Active4 beds 2 baths1,405 sq. ft.9235 Gold Coast Drive, San Diego, CA 92126
MLS# 250044126SDListed by: HNA REALTY, INC. - New
$649,000Active2 beds 3 baths1,514 sq. ft.6990 Caminito Perico, San Diego, CA 92119
MLS# 250044125Listed by: MT. HELIX LIFESTYLES R.E. SERV - New
$900,000Active2 beds 2 baths1,689 sq. ft.3890 37th, San Diego, CA 92105
MLS# AR25254269Listed by: CA FLAT FEE LISTINGS, INC - New
$290,000Active3 beds 2 baths1,014 sq. ft.3129 Calle Abajo #105, San Diego, CA 92139
MLS# PTP2508597Listed by: REALTY ONE GROUP PACIFIC - New
$949,900Active3 beds 3 baths1,553 sq. ft.2953 Old Bridgeport Way, San Diego, CA 92111
MLS# 250044112SDListed by: RE/MAX HOMETOWN, REALTORS