3607 Logan Ave San Diego, CA 92113
- Apartment buildings
- 3,747 SF
Current Use by Public Records
- Apartment buildings
Property Details for 3607 Logan Ave
- Year built
- 2024
- Property size
- 3,747 SF
- Property type
- Apartment buildings
Description
This exceptional 5-unit apartment building in San Diego's vibrant Barrio Logan neighborhood presents a compelling investment opportunity. Boasting a mix of unit sizes – one 4 bed/2 bath, two 2 bed/2 bath, one 1 bed/1 bath, and one studio – the property totals 3,747 square feet on a spacious 7,284 square foot lot. Four units are brand new constructions (2024), while the original house has undergone a complete remodel. All units feature modern amenities including A/C, dishwashers, washers/dryers, new appliances, new vinyl plank flooring, granite countertops, and high-speed internet access. The property enjoys 100% occupancy, generating a current NOI of $109,006 and a pro-forma NOI of $110,985, resulting in a 5.59% cap rate and a pro-forma cap rate of 5.69%. The asking price is $1,950,000, or $390,000 per unit. Located in an Opportunity Zone, this property benefits from its proximity to major transportation (including the San Diego Trolley), shopping centers (Harbor Pointe Center, Fornaca Center, and Ballpark Square), and recreational areas. The walk score is 81, and the transit score is 57, reflecting the area's accessibility and convenience. Ample parking is available. This is a turnkey investment with strong potential for future growth. The property's location in Barrio Logan, a historically significant and culturally rich neighborhood, adds to its appeal. The building's combination of new construction and remodeled units offers a blend of modern amenities and established character.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.117
- Latitude
- 32.6969
