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Property Description

6.6% 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.

Additional Information
Starker West, Inc.
0
SAND-679277
SAND-991630
Nicholas
5500920700

Commercial Sale For Sale

3643 Logan Ave, San Diego, California 92113

$1,699,000
Listing ID #240008218SD
Basic Details
Status : Active
DaysOnMarket : 69
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : 240008218SD
Price : $1,699,000
Country : US
State : California
County : San Diego
City : San Diego
Zipcode : 92113
ModificationTimestamp : 2024-07-08 10:04:19
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