3610 16 Logan Avenue, San Diego, CA 92113
- $1,300,000
- List Price
- $1,300,000
- Status
- ACTIVE
- MLS#
- PTP2606495
- Year Built
- 1956
- Lot Size
- 6,828
- Acres
- 0.16
- Lot Location
- 0-1 Unit/Acre, Front Yard, Lawn, Level, Near Park, Near Public Transit, Yard
- Days on Market
- 16
- Property Type
- Multifamily
Property Description
Rare opportunity to acquire a 5 unit property in Logan Heights, built in 1956/1957 and held by the same family since 1979. The offering includes two detached two bedroom cottages (782 square feet each) plus a two story rear building consisting of a two bedroom apartment upstairs, a one bedroom unit downstairs, and an additional legal studio, totaling approximately 3,098 square feet of combined living space. Long term ownership has kept rents well below market, offering a new buyer meaningful upside through both rent growth and interior modernization. All units are currently occupied, providing day one cash flow while a new owner phases in upgrades over time. Centrally located in one of San Diego's most active submarkets for multifamily investment, close to downtown, the trolley, and major freeway access. A strong candidate for value add investors or 1031 exchange buyers looking for scale and upside in the 92113 zip code.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $87,516
- Operating Expense
- 39200
Listing courtesy of Listing Agent: Grant Myerson (grant@thebrowargroup.com) from Listing Office: The Browar Group.
Mortgage Calculator
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