3716 35th
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3716 35th

D

San Diego, CA 92104

$1,100,000

Soft Appraisal Value: $1,072,500 · 2.6% above estimate

Beds

3

Baths

2

Sqft

1,080

Year Built

1928

Days on Market

9

Property Type

Single Family

HOA/mo

N/A

MLS ID

PTP2603977

This property is in San Diego (92104). View neighborhood stats →

Virtual Tour

About This Property

Charming and incredibly desirable North Park gem with endless possibilities and amazing potential! This one-of-a-kind home, built in 1928, is full of character, charm, and incredible ambiance throughout. Beautiful landscaping welcomes you to a cozy front porch perfect for relaxing and enjoying the outdoors. Inside, you’ll find gorgeous white oak hardwood floors, a warm and inviting living room with a fireplace, a formal dining room, a great kitchen, 3 bedrooms, and 2 bathrooms. The primary bedroom features floor-to-ceiling windows, allowing for abundant light. A fabulous winter garden sunroom/porch overlooks the spectacular backyard and offers the perfect space for a studio, office, creative retreat, or additional entertaining area. A standout feature of the home is the expansive, high-ceilinged attic, which was recently upgraded with newer windows and features solid 4 x 4 construction. Loads of potential for creative use. Of course, a filing of a permit application is required. Great storage! Tuff shed in the back yard. Step outside to an entertainer’s dream with a huge patio, expansive custom deck, cozy fire pit connected to a permanent gas line, and an absolutely amazing backyard filled with apple, orange, and fig trees. The possibilities truly are endless. The property also includes a 20x20 garage (newer construction; when the sellers purchased it, they were told it cost over $100,000 to build) with incredible potential. The garage has a newer constructed laundry room. Garage has potential to be an ADU, workshop, studio, or additional space. (Of course, check with city on use and pernits) The backyard and alley access may provide even more opportunities. Buyer to verify all possibilities and permitted uses with the City of San Diego. For the visionary buyer, the large lot with alley access and a gate presents a unique opportunity. The property may offer the potential to build an additional detached unit or ADU if the current zoning allows. Driveway accommodates 2 cars Additional features include an upgraded 200-amp electrical system, PAID-OFF SOLAR, a heat pump with A/C and heating, and a dedicated Tesla charger. A most sought-after neighborhood, this special property is close to downtown, trendy shops, restaurants, entertainment, freeway access, and bike lanes This home is truly a little gold mine with unlimited potential. Don’t miss the opportunity to own this spectacular North Park property!

Mortgage Calculator

Est. Monthly Payment

$6,983

Principal & Interest$5,562
Property Tax$1,100
Insurance$321
%($220,000)
%

Location

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Investment Score

12D
Est. Monthly Rent
$4,113
Monthly Cashflow

Rent − PITIA

$-2,870
Full Cashflow

Incl. vacancy, PM, maint, capex

$-4,733

Mortgage (P+I)
$5,562
Cap Rate
0.90%
Cash-on-Cash
-25.82%
DSCR

Need ≥ 1.25 for DSCR loan

0.59
Break-even Rent
$10,260

NOI (Annual)
$9,952
Price-to-Rent

Lower = better for investors

22.3

* Defaults: 20% down, 6.5% rate, 30yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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