3643 Logan Ave, San Diego, CA 92113

About this commercial property

7% cap rate on actuals! Motivated Seller! 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. 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.

Listing description from the December 2024 sale, as reported to CRMLS.

Sale history

$1,425,000

Sold December 2024 · listed $1,599,000, orig. $1,675,000, on market September 2024 · MLS #240022607SD · Source: CRMLS

Listing Agent: Nicholas Azoff · Listing Office: Starker West, Inc. · Contact: 858-867-3732 · Bought with: Jeff Diller · South Coast Commercial, Inc.

$650,000

Sold April 2019 · listed $675,000, on market February 2019 · MLS #190006794 · Source: CRMLS

Listing Agent: Krista Berger · Listing Office: KB Investments · Contact: 619-590-2370 · Bought with: Peter Lama · Residence Eighteen Inc.

$390,000

Sold October 2014 · listed $415,900, on market August 2014 · MLS #140047068 · Source: CRMLS

Listing Agent: Jose Melchor · Listing Office: Coldwell Banker West · Contact: 619-934-8802 · Bought with: Bradley Bartos · Cielo, Incorporated

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