3611 Logan Ave, San Diego, CA 92113
Single-family home · 2 recorded sales since 2022
Sold August 2023
Listing Agent: Jordan Kabins (DRE #02109904) · Listing Office: Real Broker · Contact: 916-848-7554 · Bought with: Jordan Kabins · Real Broker · MLS #230011598SD · Source: CRMLS
About this single-family home
Incredible investment opportunity in Logan Heights, San Diego, perfect for investors and developers. This property offers approved plans for the construction of four additional units, providing substantial growth potential. Currently, there is a two-bedroom, four-bathroom single family home on the premises, renting for $3,300 per month. The main house's plumbing has been completely redone. The approved plans, designed by RDG (Ruland Design Group), include two two-bedroom, two-bathroom units measuring 750 square feet each. Additionally, one 365 square foot studio and a 400 square foot one-bedroom, one-bathroom unit. With these additions, the projected total rent after construction is estimated at $11,450 per month. To bring this vision to life, we have obtained construction quotes from Coastline Construction Group Inc. at $820,000, offering a competitive pricing and expertise in executing the project seamlessly. Buyer is able to select builder. The seller is open to owner financing, with a down payment of $200,000 and a 4% interest-only carry during the construction process. This flexible financing option enables you to maximize your return on investment. This property is strategically located in a desirable area of San Diego, experiencing growing demand for housing. Moreover, the Opportunity Zone designation provides potential tax incentives for savvy investors. Please note that it's important for buyers to verify all the provided information independently.
Listing description from the August 2023 sale, as reported to CRMLS.
Sale history
