$925,000
$70K PRICE DROP

Estimated payment $5,965/month

Total Views 5,416
6 Beds
2 Baths
1,994 Sq Ft
$464 Price per Sq Ft

Highlights

  • Property is near a park
  • No HOA
  • Dog Park
  • Private Yard
  • Laundry Room
  • Level Lot

About This Home

Welcome to 539–545 S 36th Street, a well-located multi-family property situated in the heart of San Diego’s Mountain View neighborhood. Just minutes from Downtown, major freeways, and public transit, the property offers excellent accessibility and strong rental demand in a rapidly evolving urban corridor. The site consists of two separate 3-bedroom, 1.5-bathroom units, totaling approximately 1,994 square feet of rentable living space on a 4,996 square foot lot. Each unit is separately metered for gas and electric, providing operational efficiency and lower ownership costs. Recent upgrades include fresh exterior paint and new roofs, enhancing both curb appeal and long-term durability. With stable tenancy and below-market rents, the property offers immediate upside through interior improvements and rental increases. The units are well-sized and functional, making them highly attractive to long-term renters in a supply constrained submarket. This asset benefits from strong fundamentals and minimal operational complexity. Located in a high-growth area experiencing continued redevelopment and city investment, 539–545 S 36th Street is an ideal asset for investors seeking dependable cash flow, long-term appreciation, and ease of management in one of San Diego’s most promising rental markets.

Listing Agent

Grant Myerson

The Browar Group Brokerage Email: grant@thebrowargroup.com License #02095348 Listed on: 07/09/2025

Co-Listing Agent

Josh Browar

The Browar Group Brokerage Email: grant@thebrowargroup.com License #01824454

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 5,414 Sq Ft Lot
  • No Common Walls
  • Level Lot
  • Private Yard
  • Front Yard
  • Density is up to 1 Unit/Acre

Interior Spaces

  • 1,994 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Location

  • Property is near a park
  • Property is near public transit

Additional Features

  • Rain Gutters
  • No Heating

Listing and Financial Details

  • Tax Lot 08001
  • Tax Tract Number 1555
  • Assessor Parcel Number 5462710800

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 2 Units

Recreation

  • Dog Park

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $3,000
  • New Taxes Expense $11,685
  • Operating Expense $18,835
  • Gross Income $62,352
  • Net Operating Income $43,517

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.37
  • Price Per Unit: 462500
  • Property Attached: No
  • View: No
  • Zoning: RS-1-7
  • Property Type: Residential Income
  • Parcel Number: 5462710800
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 463.89

Exterior Features

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

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Inside
  • Sewer: Public Sewer

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Dog Park

Lot Info

  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Front Yard, Level, Near Public Transit, Park Nearby, Yard
  • Lot Size Sq Ft: 5414.00
  • Lot Size Acres: 0.1243

Multi Family

  • Gross Income: 62352.00
  • Gross Scheduled Income: 62352.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 5414.0000 Square Feet
  • Net Operating Income: 43517.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 18835.00
  • Rent Control: No
  • Total Expenses: 18835.00

Tax Info

  • New Taxes Expense: 11685.00
  • Tax Lot: 08001
  • Tax Tract Number: 001555

Map

Range of Values:

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Average Value
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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
08/06/2025 08/06/25 Price Changed $925,000 -7.0% $464 / Sq Ft
07/09/2025 07/09/25 For Sale $995,000 -- $499 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2505130

California Regional Multiple Listing Service (CRMLS)