San Diego, CA 92102 306 12 35th Street
$1,950,000
12 more
Presented By: Mirna Carson with Coldwell Banker Realty;
Beds • 9
Baths • 5
SQFT • 3,710
Year Built • 1979
Home Details
Prime value-add opportunity in a highly desirable location! This well-maintained 4-plex offers strong rental income with significant upside potential. All tenants are on month-to-month leases, providing flexibility for rental increases or redevelopment. Unit Mix & Proforma Rents: Unit 1: 3 Bed / 2 Bath, 1,176 SF –Projected Rent: $3,200 Unit 2: 2 Bed / 1 Bath, 930 SF – Projected Rent: $2,500 Unit 3: 2 Bed / 1 Bath, 875 SF – Projected Rent: $2,500 Unit 4: 2 Bed / 1 Bath, 780 SF – Projected Rent: $2,500 Huge Development Potential! Large 0.49-acre lot with a vacant portion in the back – Ideal for adding more units. Zoning allows for up to 16 units with stunning downtown skyline views! This is a rare find with both immediate rental upside and long-term development potential.
Presented By: Mirna Carson with Coldwell Banker Realty;
Interior Features for 306 12 35th Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesElectricDryerHookup, GasDryerHookup
Total Stories1
Other Rooms
Entry Level1
General for 306 12 35th Street
Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.08
Carport Y/NNo
CitySan Diego
Community FeaturesCurbs, StreetLights
CountySan Diego
DirectionsSee Google Maps.
Electric On Property Y/NNo
Entry LocationFront
Garage Spaces0.0
Garage Y/NNo
Gross Income110400.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional
Lot Size Square Feet21344.4
Lot Size UnitsAcres
MLS Area92102 - San Diego
MobileHomeRemainsYNNo
Net Operating Income99100.0
New ConstructionNo
Number Of Units Total4
Operating Expense11300.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot1152
Taxes$0
Trash Expense0.0
Virtual TourClick here
Water Sewer Expense0.0
Year Built1979
Year Built SourceAssessor
ZoningMulti Family
Exterior for 306 12 35th Street
Building Area Total3710.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesNearPublicTransit
Lot Size Acres0.49
Lot Size Area0.49
Lot Size SourceAssessor
Number of Buildings4
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters3
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
WaterfrontY/NNo
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$1,950,000
MLS#NDP2502748
List Date
03/22/2025
Property Type
Multi-Family
Phone
(562) 537-4182
