Property Detail

3864 35th Street

San Diego CA 92104

$4,995,000

Status: Active

Property Details

Description

Seller Motivated for Year End Close - Bring All Offers! - Rents just increased! 5.56% cap in place. - Newer vintage (1986) when compared to the majority of the submarket meaning far less capital expenditure needed vs. comparable properties - 11/18 units renovated already with room to push rents - Below market rents (~12.3%) across the board - 7.03% cap + mark-to-market - No new construction in the immediate submarket - Average per unit sale in past 12 months in 92104 zip code is $411,000/unit vs. asking price of $277,500 is a ~30% discount to comparable sales

Map Location

Listing provided courtesy of Erik Anderson of Newmark of Southern California. Last updated 2025-11-01 07:45:07.000000. Listing information © 2025 CRMLS.

John Collins

John Collins

DRE# 01948188
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