Listing provided courtesy of Erik Anderson of Newmark of Southern California. Last updated 2025-11-01 07:45:07.000000. Listing information © 2025 CRMLS.
Asking Price: $4,995,000
3864 35th Street, San Diego CA 92104
Community: 92104 - North Park
Status: Pending
This Commercial/Residential property was built in 0 and is priced at $4,995,000. Please see the additional details below.
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
