Active

21 33 S 35th Street

San Diego, CA 92113
Mark as Favorite
Bed 0

Bed

Bath 0

Bath

SqFt4,629

Sqft

SqFt14,521

Sqft(Lot)

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, a nd 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 allowing for further income potential with market gross income of $233,880 for a potential 6.70% cap rate. 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, & Bay all within a 10-minute drive. Select units possess views of Downtown San Diego Skyline and the Coronado Bridge.

Read More Expand

Detail Ic Property Details

Property Type : Residential Income

Price : $2,300,000

AD Id : 75416199

MLS Id : PTP2601254

Lot Size : 14,521 Sqft

Living Area Size : 4,629

Year Built : 1960

County : San Diego

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bathroom Information

    Total Baths: 0

    Water/Sewer

    Sewer: Public Sewer
  • Cooling Features

    Air Conditioning

    Heating Source

    Has Heating

    Fireplace

    Has Fireplace: 0

  • Building Information

    Year Built: 1960 Building Area Total: 4,629
  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3334
  • Lot Size Source: Public Records Lot Size Square Feet: 14521

  • Listing Price Information

    Original List Price: 2,300,000 Listing Contract Date: 2025-12-31
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5461360200

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 92113 - Logan Heights Directions: GPS Zoning: RM1-1 Source Property Type: Residential Income Area: 92113 - Logan Heights
  • Building and Construction

    Property Age: 66 Common Walls: 2+ Common Walls Year Built Source: Vendor Enhanced Entry Level: 1 Entry Location: street Property Attached: Yes
Sell a home like this and save $137,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Residential Income, San Diego, CA, 92113 $1,360,000 -- -- --
72-3666 Main, San Diego, CA, 92113 $975,000 -- -- --
4980 Ocean View Blvd #P, San Diego, CA, 92113 $599,000 3 2 1,420 1,420 SqFt
1322 S 49th Street, San Diego, CA, 92113 $764,999 3 2 1,050 1,050 SqFt
4188 Nordica Street, San Diego, CA, 92113 $749,000 4 2 1,363 1,363 SqFt
4023 Boston Avenue, San Diego, CA, 92113 $600,000 3 1 836 836 SqFt
3964 Delta Street, San Diego, CA, 92113 $1,150,000 5 3 928 928 SqFt
3964 Delta Street, San Diego, CA, 92113 $1,150,000 -- -- 1,558 1,558 SqFt
720 S 37th, San Diego, CA, 92113 $749,000 4 2 996 996 SqFt
15-3813 Birch Street, San Diego, CA, 92113 $1,100,000 -- -- 2,343 2,343 SqFt

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/17/2026 @ 04:09

MLS: PTP2601254 LISTED BY: Maxwell Brown, Commercial Asset Advisors 858-360-3000 SOURCE: CRMLS

Selling? Save $137,501 when you sell a home like this

Tour with a ByOwner Agent