1858 Newton Avenue
San Diego, CA 92113
0.64 acres | #24418749
Description
One of the most unique properties in all of San Diego's famous Barrio Logan sector. This prime location property is situated blocks from Barrio Logan light rail station, NASCO shipyards, the US Navy, Local purveyors, and more. Located in the Historic Barrio Logan area lends you access to the Int 5 North and South, Int 1`5 North, Mexico, International Border, and Int 8 East. The average market rent for similar properties in the area at $1.26 /SF has a projected NOI of $358,797 equaling a 6.23% Cap Rate. Additionally the property is located in the government propcurement zone, as well it is in the Opportunity Zone allowing a savvy investor with the opportunity to potentially avoid capital gains tax.
Property Details
- Stories2
Measurements
- Acres0.64
Construction Details
- Property TypePurchase
Community and Neighborhood Details
- CountySan Diego
Financial Details
- Original List Price$5,750,000
Other
- MLS #24418749
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jacob Plewa (#CLW-C132252)
Listing Office: REMAX COMMERCIAL & INVESTMENT REALTY (#CLW-X75383)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
