3607 Logan Ave - Apartments FOR SALE


San Diego, CA 92113- Mountain View
$1,840,000 USD
415-250-4947
3607 Logan Ave, San Diego, CA for Sale
$1,840,000 USD
Apartments - FOR SALE
1/37
null | 6% Cap Rate

3607 Logan Ave
San Diego, CA 92113
Mountain View


HIGHLIGHTS

  • Four New Construction Units & Remodeled House
  • Actual Turnkey 11.4 GRM & 6.0% Cap Rate
  • Solar Panels, Parking Spaces, Located Near Transit
  • Units Feature A/C, Laundry In-Unit, Dishwashers, Plank Flooring, Ceiling Fans, Granite Counters, High Speed Internet

OVERVIEW

3607-15 Logan Avenue consists of 5 units totaling 3,747 square feet built in 1960 and 2024 on a large 7,284 square foot lot. The unit mix consists of one 4 bed / 2 bath, two 2 bed / 2 bath, one 1 bed / 1 bath and one studio units. There is ample parking. Four of the units are brand new construction and the original house is completely remodeled. The units feature A/C, dishwashers, washers and dryers, new appliances, new vinyl plank flooring, granite counter tops and high-speed internet access. The property is located in an Opportunity Zone. Barrio Logan is a neighborhood in San Diego, California bordered by East Village and Logan Heights to the North, Shelltown and Southcrest to the East, San Diego Bay to the West, and National City to the South. I-5 forms the Northeastern boundary. Barrio Logan is the home of Chicano Park, a Chicano-themed public park created in large part by the residents. It is located at the site of a 1970s demonstration, land takeover, and cultural renaissance for the Mexican-American community. It features more than 60 colorful murals painted on the concrete support piers for the San Diego-Coronado Bridge and Interstate 5. It was designated an official historic site by the San Diego Historical Site Board in 1980. Barrio Logan is home to the Naval Station San Diego, also known as 32nd Street Naval Station, as well as the NASSCO shipyard and other military-related facilities. The area is served by the San Diego Trolley at the Barrio Logan station. The Barrio Logan Community Planning Area has also been granted status as a redevelopment area. 3607-15 Logan Avenue is in close proximity to Harbor Pointe Center, Fornaca Center, and Ballpark Square. Harbor Pointe Center is 0.3 miles away, and Fornaca Center is within a 7-minute walk. The property has a walk score of 81. With a Transit Score of 57, the property has good transit, including 10 transit stops close by. Transit options include 32nd & Commercial and Harborside. Pedestrians can reach 32nd & Commercial with an 18-minute walk. Recreational activities nearby are plentiful. Discover 5 parks within 4 miles, including The New Children's Museum, Balboa Park, and Friendship Garden. San Diego International Airport is located just 9 minutes away.

FOR SALE DETAILS

PRICE

$1,840,000 USD

PRICE/SF

$491 USD /SF

# OF UNITS

5

PRICE/UNIT

$368,000

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,284 SF

ZONING

RM-1-1

APN/PARCEL ID

550-092-31

ASK ABOUT THIS PROPERTY

Benn VogelsangNorthmarqMore Info
415-250-4947

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Benn VogelsangNorthmarqMore Info
415-250-4947

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