Home | San Diego County | San Diego | 92113 | 21 33 S 35th St
MLS: CRPTP2601254 | Status: | Price: $2,300,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 14,521 | 1960 |
Price just reduced by $200,000 to facilitate a quick sale! 21-33 S 35th St presents the opportunity to acquire a high yield, partially 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 3-way lot split could be feasible on the site. 21-33 S. 35th Street was originally constructed in 1960 with 9 of the 10 units renovated in 2021-2022 including the buildout of the two studio ADUs. A few units do possess deferred maintenance from 4-5 years of rental operations. One unit should receive a full interior renovation. 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 for over 1 parking space per bedroom. 21-33 S. 35th Street offers strong financial metrics with $209,748 GSI in-place and $218,630 GSI with immediately available rent increases yielding a 6.07% cap rate. Additionally, the existing rents are under market allo
| Field | Value |
|---|---|
| MLS # | CRPTP2601254 |
| MLS Source | California Regional MLS |
| Days on Site | 65 |
| Feature | Details |
|---|---|
| Garage/Parking | Garage: 0 Car(s) |
| HOA Fee | $0 |
Maxwell Brown
Commercial Asset Advisors
License #: 02127395
Phone: (925) 872-6746
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 5 | – | – |
School data provided by GreatSchools.org
| School | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Mountain View School | public | K-8 | 0.50 mi | 7 |
| Rodriguez Elementary School | public | K-5 | 0.70 mi | 1 |
| Emerson/Bandini Elementary School | public | K-6 | 0.75 mi | 3 |
| Baker Elementary School | public | K-5 | 0.86 mi | 3 |
| Kimbrough Elementary School | public | K-5 | 0.87 mi | 3 |
| Golden Hill K-8 | public | K-8 | 0.93 mi | 3 |
| Logan Memorial Educational Campus | public | K-12 | 0.94 mi | 2 |
| San Diego Continuing Education | public | UG | 1.05 mi | N/A |
| Chavez Elementary School | public | K-5 | 1.09 mi | 4 |
| Burbank Elementary School | public | K-5 | 1.19 mi | 5 |
| Chollas/Mead Elementary School | public | K-5 | 1.27 mi | 5 |
| Rowan Elementary School | public | K-5 | 1.38 mi | 8 |
| Balboa Elementary School | public | K-5 | 1.40 mi | 3 |
| Sherman Elementary School | public | K-5 | 1.44 mi | 4 |
| Porter Elementary School | public | K-6 | 1.59 mi | 2 |
| Lincoln High School | public | 9-12 | 1.70 mi | 4 |
| Perkins Elementary School | public | K-8 | 1.76 mi | 3 |
| Knox Middle | public | 6-8 | 1.79 mi | 4 |
| Monarch School | public | K-12 | 1.85 mi | 2 |
| Horton Elementary School | public | K-5 | 1.90 mi | 3 |
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This listing information is up-to-date as of April 20, 2026. For the most current information, please contact Maxwell Brown, (925) 872-6746.