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    2981 Logan Ave 83 San Diego, CA 92113

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    Claim this Listing
    New
    For Sale
    $1,425,000

    Craftsman,Traditional, Duplex - San Diego, CA

    Type:Duplex
    Property size:
    2,545 SF
    Lot size:
    7,000.00 Acres
    Price / SF:
    $559/SF
    Added:
    May 4, 2026
    Days on Market:
    4
    Last Refresh:
    May 7 at 8:06 am

    Property Features for 2981 Logan Ave 83

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Bedrooms
    8
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    8
    Parking features
    Driveway, Paved or Surfaced
    Window features
    Double Pane Windows
    Interior features
    Ceiling Fan(s), Recessed Lighting, Open Floorplan, Storage, Copper Plumbing Full, Granite Counters, Parking, Carbon Monoxide Detector(s), Window Features: Double Pane Windows
    Exterior features
    Fence, Community Features Included: Street Lights, Sidewalks, Level With Street, Paved, Lot 6500-9999, Landscaped, Rectangular Lot, Front Yard
    Fencing
    Fenced
    Appliances
    Dishwasher, Range, Washer
    Standard status
    Active
    APN
    5500221400
    Size
    2,545 SF
    Lot size
    7,000.00 Acres

    Utilities

    Heating system
    Ductless (Heating), Electric (Heating)
    Cooling system
    Ductless, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1960
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Laminate
    Roof type
    Composition
    Architectural style
    Craftsman

    We can help!

    Listing Contact
    Joseph Smylie

    Listing agent Joseph Smylie License #01844159

    Listing office First Team Real Estate 12501 Seal Beach Blvd. #100, Newport Beach, CA

    Listing date May 4, 2026

    MLS# PW26093731 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑generating property with successful Airbnb STR unit and additional rental unit
    • Three separate units offer flexibility for owner‑occupancy, multigenerational living, or investment
    • Updated property with remodeled interiors, new windows, and landscaped yards
    • Large 7,000 sq ft lot with ample parking and street/alley access
    • Centrally located near Downtown San Diego, highways, Coronado Bridge, beaches, and amenities
    • Detached 3 bed, 1 bath unit with private parking, covered patio, and storage sheds

    Overview

    Updated Duplex in Logan Heights

    This updated two-unit property is located in the vibrant Logan Heights neighborhood. Situated on a 7,000 square foot lot, the property features both street and alley access, along with ample parking. The main house includes a three-bedroom, one-bathroom front unit, as well as a two-bedroom, one-and-a-half-bathroom guest quarters with a separate entry, currently operating as a successful Airbnb short-term rental for added income. A detached three-bedroom, one-bathroom unit in the back offers private parking, a large covered patio, and storage sheds. Recent upgrades include remodeled interiors, new windows, landscaped yards, and exterior improvements that enhance privacy and curb appeal. The property is centrally located near Downtown San Diego, providing easy access to major highways, the Coronado Bridge, beaches, coffee shops, breweries, dining, shopping, and nightlife. With a total property size of 2,545 square feet, this property is ideal for owner-occupants or investors seeking immediate cash flow and multigenerational living.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    San Diego
    County
    San Diego
    State
    California
    Longitude
    -117.129861
    Latitude
    32.696712

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    FAQs

    What type of property is this?
    Duplex - Two-unit property with Airbnb potential in vibrant San Diego.
    Where is this duplex located?
    The property is located at 2981 Logan Ave 83 San Diego, CA.
    What is the asking price?
    The asking price for this property is $1,425,000.
    What are key features of this property?
    This property features: Income‑generating property with successful Airbnb STR unit and additional rental unit; Three separate units offer flexibility for owner‑occupancy, multigenerational living, or investment; Updated property with remodeled interiors, new windows, and landscaped yards
    (619) 621-8707
    We can help!
    Listing Contact
    Joseph Smylie
    Real Estate License ID: 01844159
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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