$10,000 Closing Credit¹
#IV25024301, CLAUDIA VARGAS, Listing Office: Claudia Vargas, Broker
$2,500,000 List price
2133 S 35th St San Diego, CA 92113
$10,000
Closing credit¹
0.3 acres
House
Property details
About 2133 S 35th St
We are pleased to present the opportunity to acquire a high-yield, mostly renovated, low-density, double-lot multifamily asset with a detached 3 bed / 2 bath house in Central San Diego. 21-33 S. 35th Street was originally constructed in 1960, with 8 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 $206,940 gross scheduled annual income, with the immediately available rent increases yielding a 5.38% cap rate. Additionally, the existing rents are under market, allowing for further income potential with market gross income of $241,500 for a potential 6.80% cap rate.
Highlights
Home typeOther
StatusActive
Lot size0.3334 Acres
Year built1960
MLS #PTP2502876
Virtual tour
Summary
- MLS Number: PTP2502876
- MLS Name: CRMLS
- Office Name: Commercial Asset Advisors
- Office Email: mbrown@caacre.com
- Listing Agent: Maxwell Brown
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/26/2025, 11:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,500,000
2133 S 35th St
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
4
Emerson Elementary School
Public District KG-5
0.1 mi
•3510 Newton Ave
3
Rodriguez Elementary School
Public District KG-5
0.5 mi
•825 S 31st St
4
Chavez Elementary School
Public District KG-5
0.6 mi
•1404 S 40th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,019. The most common annual income of people living in San Diego, CA is less than $<35k. Typical family type is married, with kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
56%
<35k
37%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Doctorate
What types of families live nearby?
22%
Single, No Kids
31%
Single, with Kids
11%
Married, No Kids
36%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
13%
12-17 yrs old
27%
18-34 yrs old
32%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
Foot Locker
H&M
Where do the neighbors go to eat?
Jack In The Box
Little Caesars
Boston Market
What do the neighbors drive?
Nissan
Dodge
Honda
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2133 S 35th St
This home is located at 2133 S 35th St in San Diego, CA and zip code 92113 in the Southcrest neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 23, 2025 and is currently priced at $2,500,000.
San Diego, CA housing market in March 2025 saw over 64 listings sold above listed price, more than 37 sold at listed price and over 84 sold below. The number of homes for sale in San Diego, CA increased by 15.3% between February and March 2025. In March 2025, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $927,823.
From Rocket Homes Real Estate and based on county public records data.