3607-3615 Logan Avenue
3607-3615 Logan Avenue
Description
Welcome to 3607-3615 Logan Avenue, a remarkable income-producing property located in the thriving Logan Heights neighborhood of San Diego, CA. This 5-unit listing presents an outstanding opportunity for investors looking to diversify their rental portfolio. Key Highlights:
- Prime Location : Strategically positioned in the growing Logan Heights area, the property offers convenient access to downtown San Diego, major highways, schools, parks, and essential amenities....Investors Dream Home in Logan Heights
Welcome to 3607-3615 Logan Avenue, a remarkable income-producing property located in the thriving Logan Heights neighborhood of San Diego, CA. This 5-unit listing presents an outstanding opportunity for investors looking to diversify their rental portfolio. Key Highlights:
- Prime Location : Strategically positioned in the growing Logan Heights area, the property offers convenient access to downtown San Diego, major highways, schools, parks, and essential amenities. : Strategically positioned in the growing Logan Heights area, the property offers convenient access to downtown San Diego, major highways, schools, parks, and essential amenities - Diverse Units : The property features a mix of units, including a 4-bedroom, 2-bathroom main home, two 2-bedroom, 2-bathroom units, one 1-bedroom, 1-bathroom unit, and a studio unit. This diversity caters to various tenant needs, ensuring stable rental income. This diversity caters to various tenant needs, ensuring stable rental income - Income Potential : With multiple units already generating rental income, this property promises an attractive investment opportunity with substantial cash flow potential. : With multiple units already generating rental income, this property promises an attractive investment opportunity with substantial cash flow potential - Well-Maintained : The property has been impeccably maintained, providing tenants with a comfortable and welcoming living environment while also minimizing maintenance costs for investors. : The property has been impeccably maintained, providing tenants with a comfortable and welcoming living environment while also minimizing maintenance costs for investors - Investor-Friendly : Whether you're a seasoned investor or exploring your first investment property, this listing offers a straightforward and lucrative investment opportunity. Investment Opportunity:
3607-3615 Logan Avenue isn't just a piece of real estate; it's a pathway to long-term financial stability through passive income. With its diverse unit offerings, consistent rental demand, and prime location in a burgeoning neighborhood, this property is an investment worth serious consideration. Conclusion:
Don't let this unique opportunity pass you by. Whether you're looking to expand your investment portfolio or venture into real estate investing for the first time, 3607-3615 Logan Avenue offers an ideal combination of income potential, location, and unit diversity. Contact us today to schedule a viewing and take the first step towards securing your financial future with this exceptional property.
- Listed by Marques Jackson • DRE #02146855 • Brokerage DRE #02071123 • Signature Real Estate Group • 858-699-0853
Property Details for 3607-3615 Logan Avenue
Location
Property Details for 3607-3615 Logan Avenue
| Status | Active |
|---|---|
| MLS # | SW24073562 |
| Days on Market | 20 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Commercial Sale / Multi Family |
| Year Built | 1960 |
| Lot Size | 0.16 AC / 7,000 SF |
| County | San Diego County |
Location
Building Information for 3607-3615 Logan Avenue
Payment Calculator
$11,324 per month
30 year fixed, 7.25% Interest
$11,324
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$0
Property Information for 3607-3615 Logan Avenue
- Vacancy Allowance: 2472
- Vacancy Allowance Rate: 2
- Net Operating Income: $107,768
- Cap Rate: 5.0
- Current Financing: Private
- Operating Expense: $54,579
- Expense Year: $54,579
- Insurance Expense: $2,250
- Maintenance Expense: $3,425
- Professional Management Expense: $8,117
- Water Sewer Expense: $9,468
- Real Estate Tax Expense: $25,000
- Total Expenses: $46,889
- Tax Rate: 1.25
- Investment Property: Yes
- Laundry: Yes
- Laundry Features: Dryer Included, Electric Dryer Hookup, Gas Dryer Hookup, Washer Included
- Laundry Equipment Own Lease: Own
- Cooling: Electric
- Heating: Combination
- Security Features: Smoke Detector(s)
- Construction Materials: Stucco
- Roof: Shingle
- Fence: Yes
- Fencing: Wood
- Sign on Property: No
- Lot Features: 2-5 Units/Acre, Lot 6500-9999, Rectangular Lot, Sprinklers Drip System
- Land Use: Multi-Family
- Sprinklers: Yes
- Utilities: Natural Gas Available, Sewer Available, Water Connected
- Electric: Electricity - On Property
- Water Source: Public
- Uncovered Spaces: 5
- Building Status: Existing
- Asset Class: Multi-Family
- Unit Type Units Total: 1
- Unit Type Beds Total: 4
- Unit Type Baths Total: 2
- Unit Type Actual Rent: $4,200
- Unit Type Area: 1492
- Unit Type Area Units: Square Feet
- Unit Type Type: 1
- Unit Type Description: Estimated Rent
- Unit Type Units Total: 2
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Actual Rent: $2,950
- Unit Type Area: 749
- Unit Type Area Units: Square Feet
- Unit Type Type: 2
- Unit Type Description: Estimated Rent
- Unit Type Units Total: 3
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Actual Rent: $2,950
- Unit Type Area: 749
- Unit Type Area Units: Square Feet
- Unit Type Type: 3
- Unit Type Description: Actual Rent
- Unit Type Units Total: 4
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,985
- Unit Type Area: 404
- Unit Type Area Units: Square Feet
- Unit Type Type: 4
- Unit Type Description: Actual Rent
- Unit Type Units Total: 5
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,650
- Unit Type Area: 366
- Unit Type Area Units: Square Feet
- Unit Type Type: 5
- Unit Type Description: Actual Rent
- Number Of Units Leased: 3
- Number Of Buildings: 3
Property History for 3607-3615 Logan Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 3607-3615 Logan Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 6 | |||
| Charter - | K to 8 | |||
| Charter - | K to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Emerson/Bandini Elementary School PublicK to 6 | ||
San Diego Cooperative Charter School 2 CharterK to 8 | ||
America's Finest Charter CharterK to 12 | ||
Memorial Scholars & Athletes School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Signature Real Estate Group, Marques Jackson, DRE #02146855
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