3645 Logan Ave
San Diego, CA 92113
0.16 acres | #240014596SD
Description
6.6% 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.
Property Details
- Stories2
Measurements
- Acres0.1597
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1958
Community and Neighborhood Details
- SubdivisionLogan Heights
Location
- CountySan Diego
Financial Details
- Original List Price$1,750,000
Other
- MLS #240014596SD
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Nicholas Azoff (#SAND-679277)
Listing Office: Starker West, Inc. (#SAND-991630)
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