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$ 2,499,500
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Active
21 S 35th Street San Diego, CA 92113
4,629 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,629 sqft
Price per Sqft $539
MLS Listing ID CRPTP2507131
HOA Y/N No
Year Built 1960
Lot Size 0.333 Acres
Acres 0.33
Property Sub-Type Other
Property Description
We are pleased to present the opportunity to acquire a high-yield, mostly renovated, low-density, triple-lot multifamily asset with a detached 3 bed / 2 bath house in Central San Diego. The property possesses 3 water meters, suggesting a potential 3-way lot split as a possibility for additional value growth. 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 bay-all 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 $213k gross scheduled annual
Location
State CA
County San Diego
Zoning RM1-
Interior
Fireplace No
Laundry Other
Building
New Construction No
Others
Tax ID 5461360200
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2502876
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Listed by Maxwell Brown • Commercial Asset Advisors