Home | San Diego County | San Diego | 92113 | 21 33 S 35th St
MLS: CRPTP2601254 | Status: | Price: $2,349,999
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | 14,521 | 1960 |
21-33 S. 35th St is 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 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. 21-33 S. 35th Street offers strong in-place financial metrics at $208k gross scheduled annual income, with the immediately available rent increases yielding a 5.60% cap rate. Additionally, the existing rents are under market, allowing for further income potential with market gross income of $240,000 for a potential 6.84% 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, and bay—all within a 10-minute drive. Selec
| Field | Value |
|---|---|
| MLS # | CRPTP2601254 |
| MLS Source | California Regional MLS |
| Days on Site | 45 |
| 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 01, 2026. For the most current information, please contact Maxwell Brown, (925) 872-6746.