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Listed by Grant Myerson, DRE #02095348 • The Browar Group
$ 1,300,000
Est. payment /mo
New
3610 16 Logan AVE San Diego, CA 92113
6,828 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPTP2606495
Year Built 1956
Lot Size 6,828 Sqft
Source California Regional MLS
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.
Location
State CA
County San Diego
Area 92113 - Logan Heights
Interior
Laundry 30, 38
Exterior
Pool None
Building
Lot Description Grade - Level
Others
Tax ID 5500910200
Special Listing Condition Not Applicable
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