3607 3615 Logan Avenue San Diego, CA $ 2,075,000
3607 3615 Logan Avenue
$ 2,075,000
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3607 3615 Logan Avenue

San Diego, CA, 92113
$ 2,075,000
Baths0.0 Sq 3,760

Monthly Estimate*

$ 14,494

Listed by Signature Real Estate Group
3607 3615 Logan Avenue, San Diego, CA 92113 - Image 1
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3607 3615 Logan Avenue, San Diego, CA 92113 - Image 12
Studio

Commercial Property for sale in San Diego, CA

for $2,075,000. This 3,760 square foot building was built in 1960 on a lot size of 0.1607.

Investors Dream Home in Logan Heights Welcome to 3607-3615 Logan Avenue, a remarkable income-producing property located in the thriving Logan Heights neighborhood of San Diego, CA. This 5-unit listing presents an outstanding opportunity for investors looking to diversify their rental portfolio. Key Highlights: - **Prime Location**: Strategically positioned in the growing Logan Heights area, the property offers convenient access to downtown San Diego, major highways, schools, parks, and essential amenities. - **Diverse Units**: The property features a mix of units, including a 4-bedroom, 2-bathroom main home, two 2-bedroom, 2-bathroom units, one 1-bedroom, 1-bathroom unit, and a studio unit. This diversity caters to various tenant needs, ensuring stable rental income. - **Income Potential**: With multiple units already generating rental income, this property promises an attractive investment opportunity with substantial cash flow potential. - **Well-Maintained**: The property has been impeccably maintained, providing tenants with a comfortable and welcoming living environment while also minimizing maintenance costs for investors. - **Investor-Friendly**: Whether you're a seasoned investor or exploring your first investment property, this listing offers a straightforward and lucrative investment opportunity. Investment Opportunity: 3607-3615 Logan Avenue isn't just a piece of real estate; it's a pathway to long-term financial stability through passive income. With its diverse unit offerings, consistent rental demand, and prime location in a burgeoning neighborhood, this property is an investment worth serious consideration. Conclusion: Don't let this unique opportunity pass you by. Whether you're looking to expand your investment portfolio or venture into real estate investing for the first time, 3607-3615 Logan Avenue offers an ideal combination of income potential, location, and unit diversity. Contact us today to schedule a viewing and take the first step towards securing your financial future with this exceptional property.

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Commercial Active

Price

$ 2,075,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

MultiFamily

Lot Size

0.1607

Year Built

1960

Town/City

San Diego

County/Region

San Diego

MLS | Web ID

SW24073562

Days on Market

21

Features
General
Heating Combination
Cooling Electric
Utilities NaturalGasAvailable SewerAvailable WaterConnected
Roof Shingle
Appliances Dryer Washer
Zoning RM-1-1
Security Features SmokeDetectors
Construction Materials Stucco
Year Built 1960
Electric ElectricityOnProperty
Property SubType MultiFamily
Business Type RealEstate
County San Diego
Net Operating Income 107768.0
Operating Expense 54579.0
Insurance Expense 2250.0
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions 15 fwy to Ocean View Blvd head east towards National Avenue right on S 36th St turn left towards Logan Avenue Destination is on your right.
City San Diego
View Y/N N
Senior Community Y/N N
Open Parking Spaces 5.0
Total Units 15
MLS Area 92113 - Logan Heights
Lot Size Square Feet 7000.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 3
Street Name Logan
Listing Terms Cash CashtoExistingLoan CashtoNewLoan Conventional Item1031Exchange Submit
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Current Financing Private
Water Sewer Expense 9468.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 20
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Tenant
Year Built Source Builder
Property Sub Type Additional MultiFamily
Cap Rate 5.0
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Exterior
Fencing Wood
Lot Features Item25UnitsAcre DripIrrigationBubblers RectangularLot
Water Source Public
Total Parking 5.0
Inclusions Solar
Lot Size Area 7000.0
Number of Buildings 3
Spa N
Building Area Total 3760.0
Lot Size Acres 0.1607
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Laundry Features ElectricDryerHookup GasDryerHookup
Entry Level 5
Electric On Property Y/N N
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Internal Only
Street Number 1 3607
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* Excluded Features
List By
Signature Real Estate Group

Broker

(951) 445-4200

Phone

Affordability Calculator

$14,494
Per Month
100%
0%
0%
Monthly Principal & Interest
$14,494
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/2/2024$2,075,000 -3.49% Price Down
4/13/2024$2,150,000 Listed Price

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3607 3615 Logan Avenue, San Diego, CA, 92113 is a Commercial Property for sale at $2,075,000 with 3,760 sqft and a lot size of 0.1607. 3607 3615 Logan Avenue is a studio with 0.0 baths and was built in 1960. The property's zip code is 92113 which is in San Diego, CA