Contacts
Commercial Asset Advisors
Commercial Asset Advisors
Property Details
- Property Type Multi-Family
- Property Size 4,629 SF
- Units 10
- Lot Size 14,521 SF
- Parking Spaces Avail. 13
- Parking Ratio 2.81 / 1,000 SF
- Year Built 1960
- Date Updated May 12, 2025
Commercial Asset Advisors is 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 studio 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.
Reach out to the broker for more info on lease terms and amenities
Getting around
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46/100
Walk Score ®
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52/100
Transit Score ®
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32/100
Bike Score ®
Location
- City San Diego, CA
- Neighborhood Mountain View
- Zip Code 92113
- Market San Diego
Points of Interest
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32nd/Commercial
0.38 miles
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25th/Commercial
1.25 miles
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Pacific Fleet
1.36 miles
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47th Street
1.39 miles
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Barrio Logan
1.71 miles
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Euclid Avenue
1.92 miles
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Park & Market
2.09 miles
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8th Street
2.13 miles
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City College
2.22 miles
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Gaslamp Quarter
2.40 miles
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Costco Gasoline
0.59 miles
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76
0.81 miles
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EVGO Chrging Station
0.97 miles
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NEX Autoport
1.02 miles
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Autoport Gas Station
1.26 miles
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ChargePoint
1.83 miles
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Top tier Gasoline
1.84 miles
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Arco
1.85 miles
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Petromerica
1.92 miles
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ARCO
1.96 miles
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Golden Hill Community Center Parking
1.54 miles
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Dog Park Public Parking
1.73 miles
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PS 200
1.98 miles
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MTS AutoPark
2.08 miles
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San Diego Central Library Parking
2.11 miles
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Padres Parcade
2.15 miles
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Hilton Bayfront Parking Garage
2.29 miles
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8th & G
2.30 miles
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633 Seventh Ave Parking
2.34 miles
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6th and K Parkade
2.35 miles
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Main Street Motel
1.17 miles
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Navy Lodge San Diego
1.20 miles
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Navy Gateway Inns and Suites
1.47 miles
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Quality Inn San Diego I-5 Naval Base
1.57 miles
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Cassia Hotels
1.92 miles
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National City Motel
1.97 miles
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Howard Johnson by Wyndham National City/San Diego South
1.99 miles
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Rodeway Inn National City San Diego South
2.03 miles
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Clarion Hotel National City San Diego South
2.10 miles
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Ramada San Diego National City
2.10 miles
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Food Palace
0.56 miles
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Gigante Iga Market
0.77 miles
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San Diego Naval Base Navy Exchange
1.18 miles
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San Diego Naval Base Commissary
1.20 miles
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Northgate Market
1.26 miles
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Food Bowl Market
1.32 miles
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Walmart Neighborhood Market
1.51 miles
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Muang Lao Market
1.54 miles
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Target
1.62 miles
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Foodland Iga #2
1.90 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
