GET MORE INFORMATION
We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange. By submitting, you agree to our Terms of Use and Privacy Policy.
$ 1,425,000
$ 1,599,000 10.9%
Est. payment /mo
Sold on 12/31/2024
3643-49 Logan Ave San Diego, CA 92113
6,956 Sqft Lot
UPDATED:
Key Details
Sold Price $1,425,000
Property Type Commercial
Sub Type Other/Remarks
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240022607
Sold Date 12/31/24
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
Parking Features Carports, Spaces
Roof Type Composition
Total Parking Spaces 6
Building
Story 2
Others
Space Rent $150,600
Financing Cash
Listed by Nicholas S Azoff • Starker West, Inc.
Bought with Jeff Diller • South Coast Commercial, Inc.
Bought with Jeff Diller • South Coast Commercial, Inc.