Active
3643-49 Logan Ave
Logan Heights CA, 92113
$1,795,000
$504.21 per sqft
Active
8 Beds
3,560 sqft
Commercial
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.
240008218
MLSⓇ ID
April 17, 2024
Listed
April 18, 2024
Updated
Map
3643-49 Logan Ave
Logan Heights CA, 92113
Interior Features
Total Stories
2
Bedrooms
8 Beds
Laundry Description
Leased
Floor Description
Concrete, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
0.16 Acres
Roof
Composition
Other Property Details
Area Name
Metro Central
Garage
No
Parking
Carport, Spaces
View
No
County
San Diego
Pool
No
Zoning
R-3:RESTRI
Buyer Agency Compensation
2%
Listed by Starker West, Inc., Nicholas S Azoff,
Listing Contact: 858-867-3714
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Data last updated 12:10 AM UTC, 4/18/2024
