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.
Sold for $1,425,000 on 12/31/24
$1,425,000
3643-49 Logan Ave, San Diego, CA 92113
8beds
4baths
3,560sqft
Multi Family
Built in ----
-- sqft lot
$1,405,000 Zestimate®
$400/sqft
$-- Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: January 02, 2025 at 12:27pm
Listed by:
Nicholas S Azoff DRE #02035396 818-307-4535,
Starker West, Inc.,
Seth R Watje DRE #01805453 619-358-3748,
Starker West, Inc.
Bought with:
Jeff Diller, DRE #01959483
South Coast Commercial, Inc.
Abe Peay, DRE #01935689
South Coast Commercial, Inc.
Source: SDMLS,MLS#: 240022607
Originating MLS: San Diego Association of REALTOR

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Cooling
- Wall/Window
Appliances
- Laundry: Leased
Features
- Flooring: Slab
Interior area
- Total structure area: 3,560
- Total interior livable area: 3,560 sqft
Property
Parking
- Total spaces: 6
- Parking features: Carports, Spaces
- Carport spaces: 1
Features
- Levels: 2 Story
- Stories: 2
Lot
- Size: 6,969 sqft
Details
- Zoning: R-3:RESTRI
- Zoning description: R-3:RESTRI
- Special conditions: N/K
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Block Fence
- Roof: Composition
Community & neighborhood
Community
- Community features: None
Location
- Region: San Diego
HOA & financial
Other financial information
- Total actual rent: 12550
Services availability
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,405,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,405,000