Five-Unit Apartment
For Sale
$1,299,000
3610 16 Logan Ave, San Diego, CA 92113
Fully occupied multifamily asset with detached cottages and a two-story rear building.
Property Size3,098 SF
Price / SF$419.30
Days on Market50
Property Features for 3610 16 Logan Ave
General Information
Standard status
Active
Size
3,098 SF
Property subtype
Investment
Occupancy
100%
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR cottage, 1 x 2BR apartment, 1 x 1BR, 1 x studio
Multifamily Units
5
Building Details
Building Size
3,098 SF
Year Built
1956
Buildings
3
Units
5
Listing Agency:
The Browar Group
Listed By:
Grant Myerson · License #02095348
(858) 349-7183
Source:
Elliman
Added: Aug 28
Changed: Oct 15
Last Checked: Oct 16 at 10:05AM
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 five-unit multifamily property combines two detached two-bedroom cottages with a separate two-story rear structure. Each cottage contains 782 square feet, while the rear building includes a two-bedroom apartment upstairs, a one-bedroom unit downstairs, and a legal studio. Together, the residences provide approximately 3,098 square feet of living space.
The property is located in Logan Heights, San Diego, within the 92113 zip code, with access to downtown, the trolley, and major freeways. All five units are currently occupied. WalkScore is 70, BikeScore is 59, and TransitScore is 51, reflecting walkable surroundings, bikeable conditions, and available transit access.
The property is located in Logan Heights, San Diego, within the 92113 zip code, with access to downtown, the trolley, and major freeways. All five units are currently occupied. WalkScore is 70, BikeScore is 59, and TransitScore is 51, reflecting walkable surroundings, bikeable conditions, and available transit access.
Key Highlights
- 5‑unit multifamily property with approximately 3,098 square feet of combined living space
- Two detached two‑bedroom cottages, each measuring 782 square feet
- Two‑story rear building contains a two‑bedroom apartment, one‑bedroom unit, and legal studio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,204
Cap Rate
3.94%
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 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,654 @ 7.0% cap · market cap 6.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied multifamily asset with detached cottages and a two-story rear building.
Where is this apartment building located?
The property is located at 3610 16 Logan Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: 5‑unit multifamily property with approximately 3,098 square feet of combined living space; Two detached two‑bedroom cottages, each measuring 782 square feet; Two‑story rear building contains a two‑bedroom apartment, one‑bedroom unit, and legal studio
