3643 Logan Ave, San Diego

$1,795,000

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0 Bed
0 Bath
.16 Acre
0 Garage

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. With a favorable 6.1% cap rate and a low down payment financing option, this property offers an accessible entry point and promising returns for investors. 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.

Essential Information

MLS® #
240008218SD
Price
$1,795,000
Bathrooms
0.00
Acres
0.16
Type
Commercial Sale
Sub-Type
Mixed Use
Status
Active

Community Information

Address
3643 Logan Ave
Area
92113 - Logan Heights
City
San Diego
County
San Diego
Zip Code
92113
Senior Community
N

Amenities

Parking Spaces
1

Interior

Cooling
Wall/Window Unit(s)

Exterior

Exterior
Stucco
Roof
Composition
Construction
Stucco

Additional Information

Date Listed
April 17th, 2024
Days on Market
25
Zoning
R-3:RESTRI

Listing Details

Agent
Nicholas Azoff
Office
Starker West, Inc.

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Buyer's Agent

Jeremiah Moersch REALTOR®

Office: 760-533-2540
Listing Agent
Nicholas Azoff - Starker West, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of May 12th, 2024 at 4:30am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.