21 S 35th Street, San Diego, CA 92113
Local realty services provided by:Better Homes and Gardens Real Estate Registry



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#:PTP2502876
Source:SANDICOR
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 #:PTP2502876
- Added:114 day(s) ago
- Updated:August 15, 2025 at 01:53 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
Finances and disclosures
- Price:$2,500,000
New listings near 21 S 35th Street
- Coming Soon$399,999Coming Soon1 beds 1 baths
4545 Collwood Blvd #27, San Diego, CA 92115
MLS# NDP2508040Listed by: FIRST TEAM REAL ESTATE - New$5,495,000Active5 beds 6 baths4,268 sq. ft.
1879 Viking Way, La Jolla, CA 92037
MLS# NDP2507366Listed by: SCOTT MCCUE, BROKER - New$675,000Active2 beds 2 baths970 sq. ft.
3535 Monair Drive #D, San Diego, CA 92117
MLS# NDP2508021Listed by: NORTH COMPASS REALTY - Open Sat, 1 to 4pmNew$1,185,000Active4 beds 2 baths1,496 sq. ft.
4134 Fond Du Lac Avenue #36, San Diego, CA 92117
MLS# ND25178752Listed by: REAL BROKER - Open Sat, 12 to 3pmNew$1,199,900Active5 beds 3 baths2,606 sq. ft.
8715 Blue Lake Drive, San Diego, CA 92119
MLS# 250036350SDListed by: COLDWELL BANKER REALTY - New$799,000Active2 beds 1 baths858 sq. ft.
4570 Texas Street, San Diego, CA 92116
MLS# CRNDP2507984Listed by: SWELL PROPERTY - New$449,000Active2 beds 1 baths748 sq. ft.
4166 36th Street #8, San Diego, CA 92104
MLS# CRPTP2506201Listed by: ACROPOLIS ENTERPRISE - New$500,000Active1 beds 1 baths554 sq. ft.
3987 Nobel Drive #341, San Diego, CA 92122
MLS# CV25183509Listed by: EHOMES - Open Sat, 11am to 2pmNew$559,000Active2 beds 2 baths1,026 sq. ft.
5170 Clairemont Mesa Blvd #27, San Diego, CA 92117
MLS# NDP2508039Listed by: WILLIS ALLEN REAL ESTATE - Open Sat, 11am to 2pmNew$1,050,000Active4 beds 2 baths1,366 sq. ft.
7929 Montongo Circle, San Diego, CA 92126
MLS# PTP2506017Listed by: BERKSHIRE HATHAWAY HOMESERVICE