Log In/Sign Up
Your email has been sent.
4 Units | 5 SDGE Meters | Plumbed Garage 4515 35th Pl 6 Unit Apartment Building $1,995,000 ($332,500/Unit) 6.29% Cap Rate San Diego, CA 92116
Investment Highlights
- 4 units and 5 SDGE Meters
- ADU potential with garage conversion
- Casita style units w/private patios/yards
- Garage space already plumbed for all utilities
- On-site tandem parking
- In-unit laundry
Executive Summary
Four well located 2Bed 1Bath casita style units for sale. Detached garage space is ripe for ADU conversion into a 5th and/or 6th unit. Space is already plumbed for all utilities plus private yard space! 5 Meters on-site. Each unit has one shared wall and is approximately 600sf. Units were built in 1946 and well maintained with ample opportunity to modernize. Each unit has private laundry and a dedicated water heater with some private outdoor space (patio and/or yard space). Each tenant has a private outdoor patio space in the rear. This site can be utilized as an ADU. Owners upgraded the wooden fence in the front and added a deck for private tenant use. Financial reflects pro-forma which includes stable rents and ADU conversion of garage space. Please review marketing package for current information or contact agent.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $332,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.29% | Building Size | 2,304 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.31 | No. Stories | 1 |
| No. Units | 6 | Year Built/Renovated | 1946/2019 |
| Property Type | Multifamily | Parking Ratio | 1.74/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3 | ||
| Price | $1,995,000 |
| Price Per Unit | $332,500 |
| Sale Type | Investment |
| Cap Rate | 6.29% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 12.31 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,304 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1946/2019 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Storage Space
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Yard
- Family Room
- Patio
Site Amenities
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $2,300 | 576 |
| Studios | 2 | $1,350 | 200 |
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (71)
Property Taxes
| Parcel Number | 447-030-23 | Total Assessment | $1,278,467 (2025) |
| Land Assessment | $786,328 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $492,139 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
447-030-23
Land Assessment
$786,328 (2025)
Improvements Assessment
$492,139 (2025)
Total Assessment
$1,278,467 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
1 of 43
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
4 Units | 5 SDGE Meters | Plumbed Garage | 4515 35th Pl
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.