3643-49 Logan Ave Active

San Diego,CA 92113

$ 1599000

- Bed

- Bath

- SqFt


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

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

Building

Story 2

Others

Space Rent $150,600

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