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4429-31 36th Street

San Diego, CA 92116
  • $1,365,000
  • STATUS: ACTIVE
  • ON SITE: 14 Days
  • ID#: 250017947
UPDATED: 194 min ago
$1,365,000
  • 5
    BEDS
  • N/A
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,025
    SQFT
  • $674
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

Description

Welcome to 4429-31 36th Street, a unique opportunity to own a charming, well-maintained triplex in one of San Diego’s most desirable neighborhoods, Normal Heights. Nestled in a prime location, this property offers easy access to public transit, shopping, restaurants, parks, and more, making it an ideal spot for tenants seeking convenience and vibrant city living. Built in 1926, the front unit of this property is a delightful Spanish-style home featuring 2 bedrooms and 1 bathroom, currently leased for $2,640 per month on a month-to-month basis. This unit exudes character and offers a spacious living space with plenty of natural light. In addition to the front house, the property includes two rear apartments, each offering modern amenities while maintaining the charm of the neighborhood. The upstairs 1-bedroom, 1-bathroom unit rents for $1,835 per month, while the downstairs 2-bedroom, 1-bathroom unit leases for $2,550 per month. All units are equipped with in-unit washer and dryers for ultimate convenience. Each unit is also accompanied by private outdoor areas and a single-car garage space, providing tenants with both comfort and privacy. This property offers tremendous upside potential with strong rental income, a stable tenant base, and opportunities for future appreciation in the highly sought-after Normal Heights area. Whether you’re a seasoned investor or looking to break into the San Diego real estate market, this property presents an exceptional opportunity for easy management and long-term growth.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/159973629
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4429-31 36th Street San Diego, CA 92116

  • Price: $1,365,000
  • Status: ACTIVE
  • On Site: 14 Days
  • Updated: 194 min ago
  • ID#: 250017947
5
Beds
3
Baths
0
½ Baths
N/A
Acres
2,025
SQFT
$674
$/SQFT
1926
Built
Neighborhood:
Normal Heights
County:
San Diego
Area:
Normal Heights (92116)
Property Description
Welcome to 4429-31 36th Street, a unique opportunity to own a charming, well-maintained triplex in one of San Diego’s most desirable neighborhoods, Normal Heights. Nestled in a prime location, this property offers easy access to public transit, shopping, restaurants, parks, and more, making it an ideal spot for tenants seeking convenience and vibrant city living. Built in 1926, the front unit of this property is a delightful Spanish-style home featuring 2 bedrooms and 1 bathroom, currently leased for $2,640 per month on a month-to-month basis. This unit exudes character and offers a spacious living space with plenty of natural light. In addition to the front house, the property includes two rear apartments, each offering modern amenities while maintaining the charm of the neighborhood. The upstairs 1-bedroom, 1-bathroom unit rents for $1,835 per month, while the downstairs 2-bedroom, 1-bathroom unit leases for $2,550 per month. All units are equipped with in-unit washer and dryers for ultimate convenience. Each unit is also accompanied by private outdoor areas and a single-car garage space, providing tenants with both comfort and privacy. This property offers tremendous upside potential with strong rental income, a stable tenant base, and opportunities for future appreciation in the highly sought-after Normal Heights area. Whether you’re a seasoned investor or looking to break into the San Diego real estate market, this property presents an exceptional opportunity for easy management and long-term growth.
Exterior Features

Exterior AdobeStuccoWood/Stucco Fencing Partial Parking Garage Desc Unit1 Assigned Parking Garage Desc Unit2 Assigned Parking Garage Desc Unit3 Assigned Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Garage Spaces Unit3 1 Roof CompositionOther/Remarks Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 3 Units With Patios 3

Interior Features

Cooling Wall/WindowOther/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 2 Units With Dryers 3 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3

Property Features

Actual Cap Rate 4.0 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 26540 Annual Expense Projected 26540 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community NORMAL HEIGHTS Complex Features N/KOther/Remarks Complex Park 0 Cross Streets Monroe Ave Gross Rent Multiplier Actual 16.2 Gross Rent Multiplier Project 13.0 Gross Scheduled Income Actual 84300 Gross Scheduled Income Project 104880 Mandatory Remarks None Known Market Area Metro Uptown Monthly Total Fees 0 Net Operating Income Projected 75194 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.5 Projected Other Income 0.0 Sales Restrictions N/K Security Other/Remarks Short Sale No Tenant Pays ElectricityGas/PropaneHot WaterOther/Remarks Terms CashConventionalExchangeFHAVAOther/Remarks Unit Number For Unit1 4429 Unit Number For Unit2 4431 Unit Number For Unit3 4431.5 Unit1 Deposit 2640 Unit1 Occupied Tenant Unit1 Projected Rent 3095.0 Unit1 Rent Actual 2640.0 Unit2 Deposit 1835 Unit2 Occupied Tenant Unit2 Projected Rent 2350.0 Unit2 Rent Actual 1835.0 Unit3 Deposit 2550 Unit3 Occupied Tenant Unit3 Projected Rent 2895 Unit3 Rent Actual 2550.0

San Diego MLS logo Listing provided courtesy of Josh Browar of The Browar Group: 858-414-4398. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128