1138 S 35th St | San Diego, CA 92113
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- LoopNet Team
1138 S 35th St
San Diego, CA 92113
1138-42 S 35th St · Multifamily Property For Sale
·
3 Units
INVESTMENT HIGHLIGHTS
- Fully stabilized asset consisting of three standalone units on one parcel, including a brand new construction two-story 4Bed/2Bath ADU
- 4Bed/2ba & 3Bed/2.5ba are ground up new construction developments
- Located in Southcrest, one of Southeastern San Diego's strongest rental markets with high tenant demand
- Projected to generate $116,400 in gross annual income with a cap rate of 5.7%
- Tenants pay for SDGE and water, keeping operating expenses low with minimal maintenance required
- Close proximity to Downtown San Diego and major freeways, offering excellent accessibility and long-term rental appeal
PROPERTY FACTS
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2020 |
| Building Size | 3,462 SF | ||
| Zoning | RM-1-1 | ||
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 3,462 SF |
| No. Stories | 2 |
| Year Built | 2020 |
| Zoning | RM-1-1 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+2 | 1 | $3,603 | 1,400 |
| 3+2.5 | 1 | $3,438 | 1,031 |
| 2+1 | 1 | $2,258 | 1,031 |
PROPERTY TAXES
| Parcel Number | 550-182-16 | Improvements Assessment | $400,498 |
| Land Assessment | $865,945 | Total Assessment | $1,266,443 |
PROPERTY TAXES
Parcel Number
550-182-16
Land Assessment
$865,945
Improvements Assessment
$400,498
Total Assessment
$1,266,443
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