1138 42 S 35th St offers a rare opportunity to own a NEW CONSTRUCTION, income producing triplex in the heart of Southcrestone of Southeastern San Diegos most desirable rental markets. Situated on a single parcel, this property features three standalone structures: a 2Bed/1Bath unit leased at $2,166 per month, a new two story 3Bed/2.5Bath unit leased at $3,250 per month, and a recently built 4Bed/2Bath unit leased at $3,480 per month. Recent upgrades further enhance long term stability and ease of ownership. All three homes were equipped in 2020 with new ABS plumbing lines directly to the main. Two of the homes also feature tankless water heaters installed in 2020, while the third received a new standard water heater in 2022. At 3488 Boston Ave, tenants enjoy brand new tuff landscaping and an added parking spaceboosting both curb appeal and functionality. The property generates a current gross scheduled income of $106,752 and supports a 5.1% cap rate at the reduced asking price, delivering strong cash flow and minimal overhead. Tenants pay for SDGE and water, and operating expenses remain low due to the propertys turnkey condition. Located just minutes from Downtown San Diego, Southcrest continues to attract strong tenant demand thanks to its walkability, vibrant culture, and quick freeway access. This is an ideal opportunity for investors seeking a high performing asset in a growing urban market.