Rare opportunity to acquire a 5 unit property in Logan Heights, built in 1956/1957 and held by the same family since 1979. The offering includes two detached two bedroom cottages (782 square feet each) plus a two story rear building consisting of a two bedroom apartment upstairs, a one bedroom unit downstairs, and an additional legal studio, totaling approximately 3,098 square feet of combined living space. Long term ownership has kept rents well below market, offering a new buyer meaningful upside through both rent growth and interior modernization. All units are currently occupied, providing day one cash flow while a new owner phases in upgrades over time. Centrally located in one of San Diego's most active submarkets for multifamily investment, close to downtown, the trolley, and major freeway access. A strong candidate for value add investors or 1031 exchange buyers looking for scale and upside in the 92113 zip code.
| MLS # | PTP2606495 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 25 |
| Listing Provided By | The Browar Group | Grant Myerson |
| SQ Feet | 3,098 |
|---|---|
| Story(s) | 2 |
| Units | 5 |
| Building(s) | 3 |
| Zoning | RM-1-1 |
| Acreage | 0.16 |
| Heating Yes / No | No |
|---|---|
| Cooling Yes / No | No |
| Fireplace Yes / No | No |
| Lot Features | Zero To One Unit Acre, Front Yard, Lawn, Level, Near Park, Near Public Transit, Yard |
|---|
| Garage Yes / No | No |
|---|
| Sewer | Public Sewer |
|---|
| Community Features | Curbs, Suburban, Sidewalks, Park |
|---|
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92113 |
| Area | 92113 Logan Heights |
| Listing VS Median (in 92113) | |
Price: $1,300,000 low | high Med: $1,199,000 sqft: 3,098 low | high Med: 1,552 $ / sqft: $420 low | high Med: $773 On site: 25 low | high Med: 49 | |
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92113 |
| Area | 92113 Logan Heights |
| Listing VS Median (in 92113) | |
Price: $1,300,000 low | high Med: $1,199,000 sqft: 3,098 low | high Med: 1,552 $ / sqft: $420 low | high Med: $773 On site: 25 low | high Med: 49 | |