$1,795,000 $9,636 est/mo Sourced by Back At You

3643 Logan Ave,San Diego, CA 92113

San Diego CA, 92113

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Description

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. With a favorable 6.1% cap rate and a low down payment financing option, this property offers an accessible entry point and promising returns for investors. 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.

Details

MLS#240008218SD
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusPending
Days On Site37
Listing Provided ByStarker West, Inc. 858-867-3732 | Nicholas Azoff

Features

Car PortYes
Units5
Building(s)2
ZoningR-3:RESTRI
Acreage0.16

Market Activity 92113

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 17 seconds ago
StateCA
CountySan Diego
CitySan Diego
Zip Code92113
Area92113 Logan Heights
Listing VS Median (in 92113)
Price:
$1,795,000
low | high
Med:
$1,247,500
80.50139275766% of Average
On Site:
37
low | high
Med:
115.000000
32.173913043478% of Average
Sourced by Back At You
Listing Updated: May 22, 2024 at 2:50:57 PM PDT