3864 35th Street, San Diego, CA 92104

About this commercial property

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 description from the December 2025 sale, as reported to CRMLS.

Sale history

$4,850,000

Sold December 2025 · listed $4,995,000, orig. $5,350,000, on market August 2025 · MLS #250035401SD · Source: CRMLS

Listing Agent: Erik Anderson · Listing Office: Newmark of Southern California · Contact: 858-395-6935 · Bought with: Cody Evans · South Coast Commercial, Inc.

$1,950,000

Sold August 2013 · listed $1,985,000, on market July 2013 · MLS #130034540 · Source: CRMLS

Listing Agent: Mark Morgan · Listing Office: Apartment Consultants, Inc. · Contact: 619-299-3000 · Bought with: Benn Vogelsang · South Coast Commercial, Inc.

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