Property Details
About this Property
1138-42 S 35th St offers a rare opportunity to own a NEW CONSTRUCTION, income-producing triplex in the heart of Southcrest—one of Southeastern San Diego’s most desirable rental markets. Situated on a single parcel, this property features three standalone structures: a 2Bed/1Bath House, a New Construction two-story 3Bed/2.5Bath House, and a newly constructed 4Bed/2Bath as well. The 3 bedroom 2.5 bath house is currently vacant, offering immediate upside at market rental rates or perfect for someone to house hack and live in the unit. The two remodeled units have been updated to today’s standards, commanding above-market rents. With projected gross annual income of $116,400 and a cap rate of 5%, this asset delivers strong cash flow and minimal overhead. Tenants pay for SDGE and water, and operating expenses remain low due to the property’s turnkey condition. Located just minutes from Downtown San Diego, Southcrest continues to attract strong tenant demand thanks to its walkability, vibrant culture, and quick f
MLS Listing Information
MLS #
SD250034037
MLS Source
San Diego MLS
Days on Site
30
Interior Features
Cooling
Other
Exterior Features
Roof
Other
Parking, School, and Other Information
Zoning
RM-1-1
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | – | 3 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | – | 3 | 2/1 | $3,625 |
| 2 | – | 2 | 1/0 | $2,166 |
| 3 | 1,400 | 4 | 2/0 | $3,480 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1138-42 S 35th St is a Triplex in San Diego, CA 92113. This – square foot property sits on a 9,078 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,599,000 and was built in 1979. This address can also be written as 1138-42 S 35th St, San Diego, CA 92113.
©2025 San Diego MLS. All rights reserved. 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. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Diego MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of July 31, 2025. For the most current information, please contact Jason Lee, (858) 336-9688
