$ 1,599,000
3643-49 Logan Ave San Diego, CA 92113
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,599,000
Est. payment /mo
Price Dropped by $76K
3643-49 Logan Ave San Diego, CA 92113
6,956 Sqft Lot
UPDATED:
10/14/2024 06:49 PM
Key Details
Property Type Commercial
Sub Type Other/Remarks
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240022607
Lot Size 6,956 Sqft
Acres 0.16
Property Description
7% cap rate on actuals! Motivated Seller! Presenting 3643-49 Logan Avenue, a multifamily investment gem comprising five units, three of which are newly constructed, situated on a 6,956 square foot lot. The newly built structure is designed for modern living, featuring separately metered utilities, solar panels, and a detached laundry facility to minimize operational costs and maximize profitability. Notably, the new construction units are exempt from AB 1482 Rent Control Restrictions for the next 15 years. Each unit is thoughtfully equipped with practical amenities such as stainless steel appliances, mini-split A/C units, and individual water heaters, all within a secure gated complex. Additionally, two original units present opportunities for further value optimization, providing a diverse mix of rental income streams.
Location
State CA
County San Diego
Area Logan Heights (92113)
Zoning R-3:RESTRI
Interior
Cooling Wall/Window
Flooring Vinyl
Laundry Leased
Exterior
Exterior Feature Block Fence
Garage Carports, Spaces
Roof Type Composition
Total Parking Spaces 6
Building
Story 2
Others
Space Rent $150,600
Listed by Nicholas S Azoff • Starker West, Inc.