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.
Property Details
Price:
$1,599,000
MLS #:
240022607SD
Status:
Active
Baths:
0
Address:
3643 Logan Ave
Type:
Commercial
Subtype:
Commercial/Residential
Neighborhood:
92113loganheights
City:
San Diego
Listed Date:
Sep 23, 2024
State:
CA
ZIP:
92113
Schools
Interior
Cooling
Wall/ Window Unit(s)
Exterior
Parking Spots
6.00
Roof
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Courtesy of Starker West, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
3643 Logan Ave
San Diego, CA
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