3079 Martin Ave ave - Apartments FOR SALE


San Diego, CA 92113
$3,200,000 USD
858-373-3285
3079 Martin Ave ave, San Diego, CA for Sale
$3,200,000 USD
Apartments - FOR SALE
1/21
null | 5.3% Cap Rate

3079 Martin Ave ave
San Diego, CA 92113


HIGHLIGHTS

  • New Construction- Apartments Not Subject to AB1482 Rent Control for 15 Years
  • Low Expenses- All Units Separately Metered for Electric and Water/Sewer
  • Luxury Finishes- Limited Supply in This Market
  • Rapidly Gentrifying Neighborhood of Logan Heights/ Barrio Logan
  • Just Two Miles Outside of Downtown San Diego

OVERVIEW

The Trujillo Group of Marcus & Millichap is pleased to present 3079 Martin Ave, an 8-unit property located in the rapidly gentrifying neighborhood of Logan Heights. This newly constructed building offers features such as select units with private patios, fenced yards, in-unit laundry, and on-site parking. The property is situated on an approx. 7,000 SF lot with 6,850 of rentable SF. The property has a diverse unit mix including (2) three-bedroom/ three-bathroom townhouses, (2) two-bedroom/ two-bathroom units, and (4) one-bedroom/ one-bathroom units. Each residence boasts modern amenities, such as hardwood flooring, tall ceilings, stainless-steel appliances, and split system AC/Heat. The Logan Heights neighborhood of San Diego is known to be a place where art, culture, and community come together in a unique tapestry. Living in Logan Heights means embracing a dynamic community that’s both culturally rich and conveniently close to the heart of the city. In this quickly growing market, this asset is well positioned for rent growth and appreciation with the investor’s longevity in mind.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$467 USD /SF

# OF UNITS

8

PRICE/UNIT

$400,000

CAP RATE

5.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Flats on Martin

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,004 SF

ZONING

R-3

APN/PARCEL ID

545-651-37,545-651-38

ASK ABOUT THIS PROPERTY

Carson TrujilloMarcus & MillichapMore Info
858-373-3285

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Carson TrujilloMarcus & MillichapMore Info
858-373-3285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.