290 35th St San Diego, CA 92102
MULTI_FAMILY - San Diego, CA
Property Features for 290 35th St
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 3
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3
- Fencing
- Gate
- Standard status
- Active
- APN
- 5453400500
- Size
- 1,450 SF
- Lot size
- 0.12 Acres
Building Details
- Year built
- 2020
- Floors in Building
- 2
- Number of units
- 2
Listing agent Guillermo Carrillo License #02032647 (619) 430-8406
Listing office eXp Realty of California, Inc. 2603 Camino Ramon Suite 200, San Ramon, CA (888) 584-9427
Listing date May 20, 2026
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located at 290 35th St in San Diego, CA 92102. With R-2 zoning, the listing states there may be opportunities for multiple by-right development paths, including the potential to add 2 additional dwelling units.
For tenants or buyers looking for a residential income asset with flexibility, this duplex offers a clear starting point: renovate the existing duplex while planning around the stated R-2 zoning potential. Owner-occupants may also view it as a “house-hack” style option, provided the renovation scope and any additional dwelling unit work are supported through the appropriate approvals and design for the site.
Key Highlights
- 2020‑built duplex on an R‑2 zoned lot
- Value‑add property requiring renovation
- Potential to add 2 additional dwelling units by‑right
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.2k | $27.00 |
| − Vacancy | −$2.0k | −$1.41 |
| EGI | $37.1k | $25.59 |
| − OpEx | −$11.1k | −$7.68 |
| NOI | $26.0k | $17.91 |
