$1,950,000

306-12 35th St San Diego, CA 92102

Mt Hope Neighborhood

Estimated payment $12,813/month

Total Views 5,748
9 Beds
5 Baths
3,710 Sq Ft
$526 Price per Sq Ft

Highlights

  • 0.49 Acre Lot
  • No HOA
  • No Heating
  • Property is near public transit
  • Laundry Room
  • 1-Story Property

About This Home

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.

Listing Agent

Mirna Carson

Coldwell Banker Realty License #01062264

Coldwell Banker Realty

Co-Listing Agent

Richard Julian

Coldwell Banker Realty License #01467933

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1979

Lot Details

  • 0.49 Acre Lot
  • 1 Common Wall

Home Design

  • Quadruplex

Interior Spaces

  • 3,710 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 5 Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Exterior Lighting
  • Property is near public transit
  • No Heating

Listing and Financial Details

  • Tax Lot 1152
  • Assessor Parcel Number 5452600900

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 3 Separate Water Meters
  • Operating Expense $11,300
  • Gross Income $110,400
  • Net Operating Income $99,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 5.08
  • Price Per Unit: 487500
  • Property Attached: Yes
  • View: No
  • Zoning: Multi Family
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5452600900
  • Year Built: 1979
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 525.61

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Street Lights

Lot Info

  • Land Lease: No
  • Lot Features: Near Public Transit
  • Lot Size Sq Ft: 21344.40
  • Lot Size Acres: 0.4900

Multi Family

  • Gross Income: 110400.00
  • Gross Scheduled Income: 110400.00
  • Lot Size Area: 0.4900 Acres
  • Net Operating Income: 99100.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 3
  • Number Of Units Total: 4
  • Operating Expense: 11300.00
  • Rent Control: No
  • Total Expenses: 11300.00

Tax Info

  • Tax Lot: 1152
  • Tax Tract Number: mm0036

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2025 03/22/25 For Sale $1,950,000 -- $526 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2502748

California Regional Multiple Listing Service (CRMLS)

California San Diego County San Diego 92102 Mt Hope

306-12 35th St, San Diego, CA

Homes for Sale in San Diego, CA

This home is located at 306-12 35th St, San Diego, CA 92102 and is currently priced at $1,950,000, approximately $525 per square foot. This property was built in 1979. 306-12 35th St is a home located in San Diego County with nearby schools including Chollas/Mead Elementary School, Millennial Tech Middle School, and Lincoln High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Mirna Carson
Listing Agent
Mirna Carson
Section Image
Coldwell Banker Realty
(619) 218-1464