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Property 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 6.6% 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.

Features
: Central Air
2
0
Additional Information
Starker West, Inc.
0
SAND-679277
SAND-991630
Nicholas
5500920700
Two
32

Multi-Family For Sale

3645 Logan Ave, San Diego, California 92113

$1,699,000
Listing ID #240014596SD
Basic Details
Status : Active
DaysOnMarket : 4
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 240014596SD
Price : $1,699,000
Lot Size : 6,956 Sqft
Year Built : 1958
Country : US
State : California
County : San Diego
City : San Diego
Zipcode : 92113
Subdivision : Logan Heights
ModificationTimestamp : 2024-06-28 14:32:00
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