CA > San Diego > Logan Heights
San Diego, CA 92113,1138 42 S 35th St
San Diego, CA 92113,1138 42 S 35th St
San Diego, CA 92113,1138 42 S 35th St
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John Herkenrath

John Herkenrath

+1(310) 221-2910
$1,649,000
Est. payment /mo
9,077 Sqft Lot
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Logan Heights

MLS Listing ID 250034037SD

HOA Y/N No

Year Built 1979

Lot Size 9,077 Sqft

Property Description

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 freeway access. This is an ideal opportunity for investors seeking a high-performing asset in a growing urban market.

Location

State CA

County San Diego

Area 92113 - Logan Heights

Building/Complex Name South Chollas Addition

Zoning RM-1-1

Interior

Cooling See Remarks

Fireplace No

Exterior

View Y/N No

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 5501821600

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CRMLS – RECore
Listed by Jason Lee Nara Advisors, Inc.
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"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

8383 Wilshire Blvd #800 Beverly Hills CA 90211

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