Map of Property

21-33 S. 35th Street

21-33 S. 35th Street, San Diego, CA 92113

  • For Sale $2,500,000
  • 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.

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Contacts

broker
Maxwell Brown Is this you?

Commercial Asset Advisors

broker
Brian Jenkins Is this you?

Commercial Asset Advisors

Location

Getting Around

  • Walk Score ®

    46/100 Car-Dependent

  • Transit Score ®

    52/100 Good Transit

  • Bike Score ®

    32/100 Somewhat Bikeable
Powered by Walk Score ®
  • City San Diego, CA
  • Neighborhood Mountain View
  • Zip Code 92113
  • Market San Diego

Points of Interest

  • 32nd/Commercial

    0.38 miles

  • 25th/Commercial

    1.25 miles

  • Pacific Fleet

    1.36 miles

  • 47th Street

    1.39 miles

  • Barrio Logan

    1.71 miles

  • Euclid Avenue

    1.92 miles

  • Park & Market

    2.09 miles

  • 8th Street

    2.13 miles

  • City College

    2.22 miles

  • Gaslamp Quarter

    2.40 miles

  • Costco Gasoline

    0.59 miles

  • 76

    0.81 miles

  • EVGO Chrging Station

    0.97 miles

  • NEX Autoport

    1.02 miles

  • Autoport Gas Station

    1.26 miles

  • ChargePoint

    1.83 miles

  • Top tier Gasoline

    1.84 miles

  • Arco

    1.85 miles

  • Petromerica

    1.92 miles

  • ARCO

    1.96 miles

  • Golden Hill Community Center Parking

    1.54 miles

  • Dog Park Public Parking

    1.73 miles

  • PS 200

    1.98 miles

  • MTS AutoPark

    2.08 miles

  • San Diego Central Library Parking

    2.11 miles

  • Padres Parcade

    2.15 miles

  • Hilton Bayfront Parking Garage

    2.29 miles

  • 8th & G

    2.30 miles

  • 633 Seventh Ave Parking

    2.34 miles

  • 6th and K Parkade

    2.35 miles

  • Main Street Motel

    1.17 miles

  • Navy Lodge San Diego

    1.20 miles

  • Navy Gateway Inns and Suites

    1.47 miles

  • Quality Inn San Diego I-5 Naval Base

    1.57 miles

  • Cassia Hotels

    1.92 miles

  • National City Motel

    1.97 miles

  • Howard Johnson by Wyndham National City/San Diego South

    1.99 miles

  • Rodeway Inn National City San Diego South

    2.03 miles

  • Clarion Hotel National City San Diego South

    2.10 miles

  • Ramada San Diego National City

    2.10 miles

  • Burger King

    0.50 miles

  • Taco Bell

    0.60 miles

  • Rock Steady

    0.98 miles

  • Domino's

    1.00 miles

  • Panda Express

    1.03 miles

  • Subway

    1.08 miles

  • Benny's Mexican Food

    1.15 miles

  • Del Taco

    1.20 miles

  • Famous Famiglia

    1.21 miles

  • Five Guys

    1.22 miles

  • Booker T Crenshaw Christian School

    0.50 miles

  • Emerson Bandini Elementary School

    0.52 miles

  • Stockton Elementary School

    0.55 miles

  • King-Chavez Arts Academy

    0.61 miles

  • King-Chavez Athletics Academy

    0.61 miles

  • King-Chavez Primary Academy

    0.61 miles

  • Crockett School

    0.65 miles

  • Emerson School

    0.70 miles

  • Baker Elementary School

    0.79 miles

  • San Diego Christian School

    0.83 miles

  • Saint Judes Shrine Child Care and Development Center

    0.86 miles

  • Child Development Center NBSD

    1.33 miles

  • Coronado Baptist Day Care Center

    3.15 miles

  • Our Lady of the Sacred Heart Catholic Church Day Care Center

    3.33 miles

  • Lemon Grove Childcare Center

    5.22 miles

  • The Vine

    5.80 miles

  • Hunter's Nursery

    6.48 miles

  • World of Wonder Christian Preschool

    6.75 miles

  • BunnyBears Preschool La Mesa

    7.66 miles

  • Corpus Christi Preschool

    7.85 miles

Frequently Asked Questions

How much does 21-33 S. 35th Street cost?

The space currently listed for sale at 21-33 S. 35th Street asks for $2,500,000.

What is the total square footage of 21-33 S. 35th Street?

21-33 S. 35th Street totals 4,629 square feet.

When was this property built?

21-33 S. 35th Street was built in 1960.

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