$5,199,000
$151K PRICE DROP

3864 35th St San Diego, CA 92104

Cherokee Point Neighborhood

Estimated payment $33,308/month

Total Views 88
3 Beds
3 Baths
10,410 Sq Ft
$499 Price per Sq Ft

About This Home

- 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 (~20.6%) across the board - 6.5% 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 $297,000 is a ~28% discount to comparable sales Encouraging all offers.

Listing Agent

Erik Anderson

Newmark of Southern California License #01991182 Listed on: 08/01/2025

Property Details

Home Type

  • Multi-Family

Home Design

  • 10,410 Sq Ft Home
  • Frame Construction
  • Stucco

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Community Details

  • 18 Units
  • Operating Expense $139,320

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 3
  • Property Sub Type: Com-Res Income
  • CapRate: 5.19
  • Co List Office Mls Id: 993314
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 3

Exterior Features

  • Construction Type: Frame, Stucco

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 18
  • Annual Operating Expense: 139320.0
  • Total Actual Rent: 34002.0

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
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List Price
Sold Price
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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
09/08/2025 09/08/25 Price Changed $5,199,000 -2.8% $499 / Sq Ft
08/05/2025 08/05/25 For Sale $5,350,000 0.0% $514 / Sq Ft
03/19/2024 03/19/24 Price Changed $1,650 +13.8% $3 / Sq Ft
12/14/2023 12/14/23 Price Changed $1,450 -12.1% $2 / Sq Ft
12/13/2023 12/13/23 For Rent $1,650 -- --
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250035401

San Diego MLS

APN: 447-452-27-00

California San Diego County San Diego 92104 Cherokee Point

3864 35th St, San Diego, CA

This home is located at 3864 35th St, San Diego, CA 92104 and is currently priced at $5,199,000, approximately $499 per square foot. 3864 35th St is a home located in San Diego County with nearby schools including Cherokee Point Elementary School, Wilson Middle School, and Herbert Hoover High School.

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San Diego MLS 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, noncommercial 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 San Diego MLS. 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 © 2025 San Diego MLS.

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Erik Anderson
Listing Agent
Erik Anderson
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Newmark of Southern California
(858) 395-6935