See all 27 photos
27 photos
$1,425,000
$1,599,000 10.9%
Est. payment /mo
6,956 Sqft Lot
UPDATED:
Key Details
Sold Price $1,425,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240022607SD
Sold Date 12/31/24
HOA Y/N No
Lot Size 6,956 Sqft
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 92113 - Logan Heights
Zoning R-3:RESTRI
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 1
Roof Type Composition
Total Parking Spaces 6
Others
Tax ID 5500920700
Financing Cash
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Listed by Nicholas Azoff • Starker West, Inc.
Bought with Jeff Diller • South Coast Commercial, Inc.
Bought with Jeff Diller • South Coast Commercial, Inc.