Property Details
Property Name
4151 35th Street
Address
4151 35th St, San Diego, CA 92104
Asking Price
$2,820,000
Units
12
Building Size
5,276 SF
Property Type
Multifamily
Cap Rate
—
Price Per Unit
$235,000
Status
Active
Broker
South Coast Commercial
Investment Opportunity
South Coast Commercial is pleased to present 4151 35th Street, a 12-unit multifamily investment opportunity located in the highly desirable North Park neighborhood of San Diego. The property includes 12 legal units plus an existing studio that is not yet permitted as a separate unit. Ownership has initiated the permitting process for the studio; current actual income reflects the 12 legal units only, while pro forma income reflects the studio as a permitted 13th unit upon completion of that process.
Positioned near University Avenue, Balboa Park, and San Diego’s key transportation corridors, the property offers convenient access to dining, retail, entertainment, and major employment centers. Offered at the lowest price per unit in 92104, this investment is well suited for buyers seeking an attractive basis, rental upside, and long-term appreciation potential in a strong urban rental submarket.
Why This Property
Strong in-place income
High-demand urban corridor
Rental upside potential
Limited competing inventory
Suitable for 1031 exchange
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