$4,995,000
PENDING $355K PRICE DROP

3864 35th St San Diego, CA 92104

Cherokee Point Neighborhood

Estimated payment $31,373/month

Total Views 2,099
3 Beds
3 Baths
10,410 Sq Ft
$480 Price per Sq Ft

About This Home

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

Listing Agent

Erik Anderson

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

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,132 Sq Ft Lot

Parking

  • 11 Parking Spaces

Home Design

  • Frame Construction
  • Stucco

Interior Spaces

  • 3 Bedrooms
  • 10,410 Sq Ft Home
  • 3-Story Property

Community Details

  • 18 Units
  • Elevator
  • Operating Expense $136,555

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 3
  • Property Sub Type: Com-Res Income
  • Community Features: Elevator
  • CapRate: 5.56
  • Co List Office Mls Id: 993314
  • Living Area: 10410.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-10-31T18:49:16Z
  • FullAddress: 3864 35th Street
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 3

Exterior Features

  • Construction Type: Frame, Stucco

Garage/Parking

  • Total Parking Spaces: 11.0

Lot Info

  • Lot Size Sq Ft: 7132.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 18
  • Annual Operating Expense: 136555.0
  • Total Actual Rent: 35935.0

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
Collateral Analytics

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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 List to Sale Price per Sq Ft
10/31/2025 10/31/25 Pending -- -- --
10/30/2025 10/30/25 Price Changed $4,995,000 -2.0% $480 / Sq Ft
10/21/2025 10/21/25 Price Changed $5,099,000 -1.9% $490 / Sq Ft
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

Pending

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