5-Unit Apartment
For Sale
Contact for pricing
3610-16 Logan Avenue, San Diego, CA 92113
Fully occupied multifamily property with detached cottages and a two-story rear building.
Property Size3,098 SF
Price / SF$387.35
Days on Market75
Property Features for 3610-16 Logan Avenue
General Information
Standard status
Active
Size
3,098 SF
Property subtype
Multifamily
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
interior modernization
Site & Location
Neighborhood
Mountain View
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3 x 2BR, 1 x 1BR, 1 x studio
Multifamily Units
5
Building Details
Buildings
3
Listing Agency:
The Browar Group
Listed By:
Grant Myerson · License #02095348
(858) 349-7183
Source:
Crexi
Added: Aug 24
Changed: Nov 4
Last Checked: Nov 4 at 12:56PM
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 The Browar Group
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Investment Insights
Based on property information with market context.
This 5-unit multifamily property combines two detached two-bedroom cottages with a two-story rear structure. Each cottage contains 782 square feet. The rear building includes a two-bedroom apartment on the upper level, a one-bedroom unit below, and a separate legal studio, for approximately 3,098 square feet of total living area. All units are currently occupied.
The property is located in Logan Heights within the 92113 ZIP code, with access to downtown San Diego, the trolley, and major freeways. Ownership has remained with the same family since 1979, and the improvements date to 1956/1957.
The property is located in Logan Heights within the 92113 ZIP code, with access to downtown San Diego, the trolley, and major freeways. Ownership has remained with the same family since 1979, and the improvements date to 1956/1957.
Key Highlights
- 5‑unit multifamily property with all units currently occupied
- Two detached two‑bedroom cottages, each measuring 782 square feet
- Two‑story rear building with two‑bedroom, one‑bedroom, and legal studio units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,204
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,080
$1.0M
Cap Rate 7%
$731,486
$731.5K
Cap Rate 9%
$568,933
$568.9K
Market Conditions
NOI Build-Up for 3,098 SF
Gross rent
$98.5K $31.80/SF
− Vacancy
−$5.4K −$1.75/SF
EGI
$93.1K $30.05/SF
− OpEx
−$41.9K −$13.52/SF
NOI
$51.2K $16.53/SF
Area
San Diego, CA
Vacancy
5.50%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,024,080
Cap Rate 7%
$731,486
Cap Rate 9%
$568,933
Alternative Uses
Best Use
Apartment 5plus
$731.5K
$640.1K – $853.4K
NOI $51,204 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,654 @ 7.0% cap · market cap 7.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
710
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
$559,100
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in San Diego, CA
Properties on Market for Apartment buildings in San Diego
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily property with detached cottages and a two-story rear building.
Where is this apartment building located?
The property is located at 3610-16 Logan Avenue San Diego, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5‑unit multifamily property with all units currently occupied; Two detached two‑bedroom cottages, each measuring 782 square feet; Two‑story rear building with two‑bedroom, one‑bedroom, and legal studio units
