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3643-49 Logan Ave, San Diego, CA 92113
$1,795,000
3643-49 Logan Ave, San Diego, CA 92113View this property at 3643-49 Logan Ave, San Diego, CA 92113
3643-49 Logan AveSan DiegoCA92113
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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 6.1% 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.
Full Property Details
Full Property Details for 3643-49 Logan Ave
General
- Price: $1,795,000
- Status: Active
- Type: Multi-Family
- MLS ID: 240008218
- Updated: 4/17/2024
- Added to Site: 30 day(s) ago
Rooms
Other Rooms
- Laundry: Leased
Additional Information
- Shared Amenities: None
Location
- Area: LOGAN HEIGHTS (92113)
- County: San Diego
- Driving Directions: Alley access behind Logan Ave. for the three new construction units.
Structural Information
- Roof: Composition
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.16
- Zoning: R-3:RESTRI
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
Listed by Starker West, Inc.
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Price & Sales History for 3643-49 Logan Ave
Date
Details
Price
Change
Source
4/17/2024
Listed
$1,795,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3643-49 Logan Ave
3643-49 Logan Ave, San Diego, CA 92113 (MLS# 240008218) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 3643-49 Logan Ave is currently listed for $1,795,000 and was received on April 17, 2024. Want to learn more about 3643-49 Logan Ave? Do you have questions about finding other Multi-Family real estate for sale in San Diego? You can browse all San Diego real estate or contact a Coldwell Banker agent to request more information.