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… Read More 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, vibrant culture, and quick freeway access. This is an ideal opportunity for investors seeking a high-performing asset in a growing urban market. Read Less
Courtesy of Nara Advisors, Inc., Jason J Lee, 858-336-9688.
Listing Snapshot
Days Online
36
Last Updated
Property Type
Res Income 2-4 Units
Beds
9
Full Baths
5
Partial Baths
1
Year Built
1979
MLS Number
250034037
Additional Details
Building
Built in 1979, Building area total: 1400, 3 number of buildings, 2 stories total, Living area: 0, Living area units: Sqft, Building area units: Sqft, Building name: South Chollas Addition, 3 total units, "Other/Remarks", "2 Story"
Cooling
"Other/Remarks"
Expenses
Operating expense: $28,875
Fence
"Other/Remarks"
Income
Gross scheduled income: $111,252
Lot
Size units: Acres
Property
Property subtype: Res Income 2-4 Units, Property type: Residential Income, Zoning: RM-1-1
Roof
"Other/Remarks"
Security Features
"Other/Remarks"
Tenant Pays
"Other/Remarks"
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Listings last updated on , .
Confirm your time
Fill in your details and we will contact you to confirm a time.
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.