Listing provided courtesy of Nicholas Azoff of Starker West, Inc.. Last updated 2024-04-18 09:21:17.000000. Listing information © 2024 SANDICOR.
Asking Price: $1,795,000
3643-49 Logan Ave, San Diego CA 92113
Community: Metro Central
This Com-Res Income property was built in and is priced at $1,795,000. Please see the additional details below.
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.
