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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 1,599,000

Est. payment -/mo

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Price Dropped by $76K

3643 Logan Ave San Diego, CA 92113

6,956 Sqft Lot

UPDATED:

10/14/2024 06:45 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 240022607SD

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

Listed by Nicholas Azoff • Starker West, Inc.

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

3643 Logan Ave San Diego, CA 92113

Key Details

Location

Interior

Exterior

Others

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3643 Logan Ave