MLS# 240008218 - 3643-49 Logan Ave, San Diego, CA 92113
Courtesy of Starker West, Inc..
Property Type:
Com-res Income
Status:
Active
Neighborhood:
Ca
Days On Website:
15
Property Details for 3643-49 Logan Ave, San Diego, CA 92113
Description
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.
Open House
Features
Amenities
- None
Bedrooms
- 2 bedrooms
Building
- 2023 years old
- 2 stories
- Stucco
- 2 Story
- Other/Remarks
Cooling
- Wall/Window
Expenses
- Operating expense: $38,663
Exterior Features
- Block Fence
Floors
- Slab
Laundry
- Leased
Listing
- Source: SDMLS
- For Sale
- Listing date: 2024-04-17
Location
- County: San Diego
Lot
- Approximately 6,956 lot square feet
- Approximately 0 acres
Parking
- Carports
- Spaces
Roof
- Composition
Unit One
- Individual rent: $3,100
- Total rent: $6,200
- 1 bathroom
- 2 units of this type
- 3 bedrooms
Unit Two
- Individual rent: $2,600
- Total rent: $2,600
- 1 bathroom
- 1 unit of this type
- 3 bedrooms
Unit Three
- Individual rent: $1,700
- Total rent: $1,700
- 1 bathroom
- 1 unit of this type
- 1 bedroom
Unit Four
- Individual rent: $1,600
- Total rent: $1,600
- 1 bathroom
- 1 bedroom
- 1 unit of this type
Property Map
Map View
$1,795,000 - 3643-49 Logan Ave, San Diego, CA 92113
Street View
Directions
3643-49 Logan Ave
San Diego, CA 92113
County: San Diego