Historic Barrio Logan Mixed-Use
For Sale
$1,799,000
2174 Logan Avenue, San Diego, CA 92113
Unique mixed-use property in vibrant Barrio Logan neighborhood.
Property Size4,466 SF
Price / SF$402.82
Days on Market121
Property Features for 2174 Logan Avenue
General Information
Standard status
Active
Size
4,466 SF
Property subtype
Residential Income
Zoning
COMMERCIAL
Amenities
2 Story
N/K
3.0
2
3
4
Composition
Full
1
Wood
Building Details
Year Built
2010
Listing Agency:
Coldwell Banker West
(619) 261-2999
Listed By:
Nathan Abbo · License #01513883
(619) 261-2999
Source:
Compass
Added: May 1
Changed: Aug 28
Last Checked: Aug 28 at 7:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker West
Investment Insights
Based on property information with market context.
Located in the heart of Barrio Logan along the vibrant Logan Avenue corridor, this distinctive property, originally built in 1888, offers a blend of historic character and flexible zoning. The property features a spacious 3-bedroom, 1-bath downstairs unit with updated finishes. Upstairs, there are three studio-style spaces, each with its own private entrance, kitchenette, SDG&E meters, and sleeping/living area. One upstairs studio includes its own private bathroom, while the other two studios share a common hallway bathroom. The property is currently operated as an Airbnb. A freeway-facing billboard generates additional income, with the existing lease expiring next year. The front of the property offers additional outdoor space suitable for food trucks, pop-up vendors, or creative commercial use. The property is located near Chicano Park, Ciccia Osteria, Fish Guts, breweries, galleries, and coffee shops, benefiting from strong foot traffic and cultural significance.
Key Highlights
- Rare mixed‑use property in the heart of Barrio Logan.
- Multiple income streams from downstairs unit, three studio‑style spaces (currently Airbnb), and freeway‑facing billboard.
- Flexible zoning allows for rental income, Airbnb, live‑work concepts, multi‑generational living, or commercial use.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,283
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,725,660
$1.7M
Cap Rate 7%
$1,232,614
$1.2M
Cap Rate 9%
$958,700
$958.7K
Market Conditions
NOI Build-Up for 4,466 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$150.1K $33.60/SF
− Vacancy
−$12.0K −$2.69/SF
EGI
$138.1K $30.91/SF
− OpEx
−$51.8K −$11.59/SF
NOI
$86.3K $19.32/SF
Area
San Diego, CA
Vacancy
8.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,725,660
Cap Rate 7%
$1,232,614
Cap Rate 9%
$958,700
Alternative Uses
Best Use
Mixed Use
$1.23M
$1.08M – $1.44M
NOI $86,283 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$1.05M
$922.7K – $1.23M
NOI $73,814 @ 7.0% cap · market cap 4.10%
Theoretical Best
Specialty Retail
$1.76M
$1.54M – $2.06M
NOI $123,476 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,900
Businesses Nearby
Explore this area
Business Placement
Demographics for 92113, CA
50,457
Population
14,443
Households
3.5
Avg Household Size
32
Median Age
11%
College-Educated
69%
High-School Grad
4.5 sq mi
ZIP Area
11,213
Density / Sq Mi
$59,177
Median Household Income
$31,099
Median Earnings
$1,608
Median Rent
$559,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Unique mixed-use property in vibrant Barrio Logan neighborhood.
Where is this mixed-use property located?
The property is located at 2174 Logan Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $1,799,000.
What are key features of this property?
This property features: Rare mixed‑use property in the heart of Barrio Logan.; Multiple income streams from downstairs unit, three studio‑style spaces (currently Airbnb), and freeway‑facing billboard.; Flexible zoning allows for rental income, Airbnb, live‑work concepts, multi‑generational living, or commercial use.
