CA > San Diego > Logan Heights
San Diego, CA 92113,1138-42 S 35th St
San Diego, CA 92113,1138-42 S 35th St
San Diego, CA 92113,1138-42 S 35th St
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Nathan Abbo

Nathan Abbo

+1(619) 261-2999
$1,599,000
Est. payment /mo
9 Beds
6.5 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Logan Heights

MLS Listing ID 250034037

Bedrooms 9

Full Baths 5

Half Baths 1

Year Built 1979

Property Sub-Type Res Income 2-4 Units

Property Description

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 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.

Location

State CA

County San Diego

Area Metro Central

Zoning RM-1-1

Interior

Cooling Other/Remarks

Fireplace No

Exterior

Fence Other/Remarks

View Y/N No

Roof Type Other/Remarks

Building

Story 2

Level or Stories 2

Others

Tax ID 550-182-16-00

Special Listing Condition Other/Remarks

Virtual Tour https://www.propertypanorama.com/instaview/snd/250034037

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MLS Router / San Diego MLS
Listed by Jason J Lee Nara Advisors, Inc.

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agent

Nathan Abbo

+1(619) 261-2999

Agent | License ID: 01513883

Agent License ID: 01513883

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