$875,000
$925,000
5.4%For more information regarding the value of a property, please contact us for a free consultation.
7,078 Sqft Lot
SOLD DATE : 08/08/2023
Key Details
Sold Price $875,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Logan Heights
MLS Listing ID 230008538SD
Sold Date 08/08/23
HOA Y/N No
Year Built 2006
Lot Size 7,078 Sqft
Property Description
Fantastic investment opportunity located in Logan Heights. This property consists of (3) units, including a 3-bedroom, 1-bathroom detached home, and (2) 2-bedroom, 1-bathroom units in the back along the alleyway ( 1 bedrooms with a den converted to 2 bedrooms ). The property sits on a 7080 square foot lot and 2124 square feet of livable space. The property also features a detached single car garage with potential to be turned into an ADU. Currently, the property is grossing $6000 per month with an average rent of $1500 for the 2 bedrooms and (4) tenants paying 750 each for the front house ( call for details), making it a 5%+ CAP rate at current rents. The property's close proximity to downtown and the 5 freeway makes it an ideal location for tenants who work in the city or want easy access to the freeway. ( property was not built in 2006 as indicated on tax records, buyer to do their own research on year built and bedroom/bathroom count )
Location
State CA
County San Diego
Area 92113 - Logan Heights
Building/Complex Name 1742 Kearney
Zoning RM 1-1
Interior
Cooling None
Fireplace No
Exterior
Fence Partial
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 5380800500
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
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Bought with Colin Darville • South Coast Commercial, Inc.
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Agent | License ID: 01958131