$2,075,000 Price Analysis   ♡   San Diego, CA 92113 10 bed 8 bath 3,760 SqFt ($551/SqFt) 7,000SqFt lot. Built 1960 Listed 2024-05-08, Taxes $8,405 | Ⓧ USDA Ineligible due to price & location near San Diego |
An 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. - 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. - Income 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. - 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 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 lookng 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 wi th this exceptional property.
Presented by Marques Jackson at
Signature Real Estate Group.
Property MLS #SW24092545 from CRMLS
Granite Counters
Open Floorplan
Recessed Lighting
Door Features: Insulated Doors
Flooring: Vinyl
Window Features: Double Pane Windows
Appliances YN: Yes
Laundry Features: Dryer Included, Gas & Electric Dryer Hookup, Washer Hookup, Washer Included
Heating Features: Combination
Heating: Yes
Fencing: Fence YN: Yes, Fencing: Wood
Road Frontage Type: City Street
Road Surface Type: Paved
Lot Size Acres: 0.1606979
Lot Size Source: Assessor
Lot Size Square Feet: 7000
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Bedrooms in Unit-5: 1
Total Bathrooms in Unit-1: 2
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Vacancy Allowance: 3494
County: San Diego
Source Property Type: Residential Income
Insurance Expense: 2250.00
Area: 92113 - Logan Heights
Source Neighborhood: Logan Heights
Number of Separate Electric Meters: 5
Number of Separate Gas Meters: 1
Number of Separate Water Meters: 1
Parcel Number: 5500923100
Postal Code Plus 4: 2713
Professional Management Expense: 8561.00
Subdivision: Logan Heights
Zoning: RM-1-1
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $269,214 + $414,185 $683,399 | $8,405 |
| 2022 | $76,446 + $117,612 $194,058 | $2,308 |
| 2021 | $74,948 + $115,306 $190,254 | $2,290 |
| 2020 | $74,180 + $114,124 $188,304 | $2,262 |
| 2019 | $72,726 + $111,887 $184,613 | $2,221 |
| 2018 | $71,300 + $109,694 $180,994 | $2,076 |
| 2017 | $69,902 + $107,544 $177,446 | $2,025 |
| 2016 | $68,532 + $105,436 $173,968 | $1,990 |
| 2015 | $67,503 + $103,853 $171,356 | $1,960 |
| 2014 | $66,181 + $101,819 $168,000 | $1,928 |
| 2013 | $67,971 + $104,574 $172,545 | $1,988 |
| 2012 | $66,639 + $102,524 $169,163 | $1,832 |
| 2010 | $65,333 + $100,514 $165,847 | $1,766 |
| 2009 | $36,245 + $43,587 $79,832 | $910 |
| 2009 | $64,845 + $99,763 $164,608 | $910 |
| 2008 | $21,443 + $10,183 $31,626 | $373 |
| 2007 | $21,023 + $9,984 $31,007 | $370 |
$2,075,000
CRMLS
Sold 2023-08-25
$890,000
SanDiegoMLS
Relisted 2023-08-04
$900,000
SanDiegoMLS
Listing removed 2023-07-18
$0
SanDiegoMLS
Listed 2023-06-17
$900,000
SanDiegoMLS
Sold 2022-01-26
$670,000
SanDiegoMLS
Sold 2013-10-09
$168,000
Public Record
Sold 2009-06-15
$165,000
Public Record
Listing removed 2009-05-09
$159,900
SanDiegoMLS
Listed 2009-04-28
$159,900
SanDiegoMLS
Listing removed 2009-04-04
$275,845
SanDiegoMLS
Listed 2009-01-07
$275,845
SanDiegoMLS
Year Built: 1960
Building Features: 3
Common Walls: No Common Walls
Construction Materials: Drywall Walls, Stucco
Entry Level: 1
Entry Location: front
Foundation Details: Concrete Perimeter
Property Age: 64
Property Condition: Turnkey
Roof: Shingle
Levels or Stories: One, Two
Building Total Stories: 2
Structure Type: Commercial/Residential
House Style: Modern
Year Built Source: Seller
Sewer: Sewer: Public Sewer, Water Sewer Expense: 3840.00
Electricity Available
Natural Gas Available
Water Source: Public
Green Energy Generation: Solar
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.