225 35th Street

San Diego, CA 92102

$1,580,000
Price
6
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

EXCELLENT 4 UNIT CASH FLOW MULTI UNIT OPPORTUNITY Strong cash flow. Strong cap rate. Don't miss a special opportunity to own a strong cash flow investment multi unit just south of Metro San Diego. The large 5,247 square foot lot provides plenty of room for 3 buildings that house 4 units. The unit make up is comprised of 2 2 bedroom/2 bathroom homes at 615 and 590 square feet each. Each unit has a good sized full kitchen and bathroom as well as full closets and storage. Additionally, there are 2 1...EXCELLENT 4 UNIT CASH FLOW MULTI UNIT OPPORTUNITY Strong cash flow. Strong cap rate. Don't miss a special opportunity to own a strong cash flow investment multi unit just south of Metro San Diego. The large 5,247 square foot lot provides plenty of room for 3 buildings that house 4 units. The unit make up is comprised of 2 2 bedroom/2 bathroom homes at 615 and 590 square feet each. Each unit has a good sized full kitchen and bathroom as well as full closets and storage. Additionally, there are 2 1 bedroom 1 bathroom units at 495 square feet each with full kitchens and bathrooms, good sized closets and extra storage. The units and buildings are very well built and maintained and each are metered separately. The property features on site laundry and security gates. The lot is flat and easily maintained with a perfect mix of hardscaped courtyards and beautiful drought tolerant mature trees and flowering bushes. Each unit is tenant occupied and the property has a vacancy rate of zero and attractslong term tenants. The property has a strong cash flow, room for upside, and runs with extremely low operating costs. Call agent for full Offering Memorandum, current rent roll, pro forma rent roll, and cap rate possibilities. This property is situated within a Federal Opportunity Zone which will provide its owner with a myriad of tax benefits and economic incentives. This is a perfect multi unit opportunity for both new and seasoned investors alike. Own a special piece of San Diego and let this property bring you great returns.
  1. Listed by Tanya Parks • DRE #01961090 • Brokerage DRE #01527365 • Compass

Property Details for 225 35th Street

Neighborhood
San Diego
City Postal ID
SAN DIEGO (92102)
LISTING UPDATED: 10/07/2024 04:32 AM

Property Details for 225 35th Street

StatusActive
MLS #NDP2408975
Days on Market78
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type2-4 Units
Year Built-
Lot Size0.12 AC / 5,248 SF
CountySan Diego County

Building Information for 225 35th Street

Stories1Residences-Year Built-Building Size-Lot Size0.12 AC / 5,248 SF

Property Information for 225 35th Street

Summary Information
Property and Location
  • System ID: 306281970
  • Class: 2-4 UNITS
  • Street Number Numeric: 225
  • Street Name: 35th Street
  • Directions To Property: Use GPS.
HOA and Fees
  • Home Owner Fees: $0
  • CFD/Mello-Roos Fee: $0
  • CFD/Mello-Roos Fee Reflct: Year
Virtual Tour
Supplement
  • Supplement: EXCELLENT 4 UNIT CASH FLOW MULTI UNIT OPPORTUNITY Strong cash flow. Strong cap rate. Don't miss a special opportunity to own a strong cash flow investment multi unit just south of Metro San Diego. The large 5,247 square foot lot provides plenty of room for 3 buildings that house 4 units. The unit make up is comprised of 2 2 bedroom/2 bathroom homes at 615 and 590 square feet each. Each unit has a good sized full kitchen and bathroom as well as full closets and storage. Additionally, there are 2 1 bedroom 1 bathroom units at 495 square feet each with full kitchens and bathrooms, good sized closets and extra storage. The units and buildings are very well built and maintained and each are metered separately. The property features on site laundry and security gates. The lot is flat and easily maintained with a perfect mix of hardscaped courtyards and beautiful drought tolerant mature trees and flowering bushes. Each unit is tenant occupied and the property has a vacancy rate of zero and attractslong term tenants. The property has a strong cash flow, room for upside, and runs with extremely low operating costs. Call agent for full Offering Memorandum, current rent roll, pro forma rent roll, and cap rate possibilities. This property is situated within a Federal Opportunity Zone which will provide its owner with a myriad of tax benefits and economic incentives. This is a perfect multi unit opportunity for both new and seasoned investors alike. Own a special piece of San Diego and let this property bring you great returns.
Interior and Exterior Features
Exterior Features
  • Pool: N/K
Property Information
Property and Assessments
  • Total Stories: 1
  • Entry Only: No
  • Lot Size: 4,000-7,499 SF
  • Lot Size Source: City/County Records
  • Topography: Level
  • Site: Curbs
  • Assessors Parcel Num: 5461260200
Multi Family Information
Unit 1
  • Unit Num for Unit 1: 1
  • Unit 1 Num of Bedrooms: 2
  • Unit 1 Num of Total Baths: 1
  • Unit 1 Rent Actual: $1,995
Unit 2
  • Unit Num for Unit 2: 2
  • Unit 2 Num of Bedrooms: 2
  • Unit 2 Num of Total Baths: 1
  • Unit 2 Rent Actual: $1,644
Unit 3
  • Unit Num for Unit 3: 3
  • Unit 3 Num of Bedrooms: 1
  • Unit 3 Num of Total Baths: 1
  • Unit 3 Rent Actual: $1,695
Unit 4
  • Unit Num for Unit 4: 4
  • Unit 4 Num of Bedrooms: 1
  • Unit 4 Num of Total Baths: 1
  • Unit 4 Rent Actual: $1,644

Property History for 225 35th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 225 35th Street

Taxable ValueLand$382,500Additions$382,500Total$765,000
Tax Record2020$9,450 ($788 / month)
Home Facts
Total Finished SqFt1,792 SqFtAbove Grade Finished SqFt1,792 SqFtLot Size5,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1949Year Renovated1949ZoningR2CountySAN DIEGOAPN5461260200

Schools near 225 35th Street

This home is within San Diego Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 3 to 5
Rating
School
Distance
Chollas/Mead Elementary School
PublicK to 5

Millennial Tech Middle School
Public6 to 8

Lincoln High School
Public9 to 12

King-Chavez Athletics Academy
Charter3 to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

225 35th Street is a multi-family home for sale in San Diego, CA 92102. This property was listed for sale on September 22, 2024 by Compass, it's currently listed at $1,580,000. It has been on the market for a total of 78 days and was last sold on May 21, 2019. This listing's school district is San Diego Unified School District. Nearby schools include Chollas/Mead Elementary School, Millennial Tech Middle School and Lincoln High School. 225 35th Street is a 6-bed, 4-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Tanya Parks, DRE #01961090

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 SDMLS®, Inc.