Prime Investment Opportunity in Logan Heights - High Cash Flow Potential from Day One! This fully leased 3-unit property is located in the highly sought-after rental market of Logan Heights, one of San Diego’s hottest neighborhoods. Just minutes from East Village, Balboa Park, and Downtown San Diego, this location is… Read More ideal for renters seeking convenience and vibrant city living. Each of the three units boasts private yards, offering tenants outdoor space. With parking for up to 8 vehicles, this property stands out in terms of tenant appeal and convenience. Stable tenant base with long-term tenants provide consistent income with the potential for rent increases to align with current market rates. Turnkey operation: The property generates cash flow from day one, making it perfect for investors looking for immediate returns. Upgrades and Maintenance: All water heaters were replaced within the last 3 years, ensuring efficiency and reliability for tenants. The roof was also replaced within the last 3 years, reducing maintenance concerns and providing long-term durability. This is a rare chance to acquire a fully leased, low-maintenance property in an area primed for continued appreciation. Ideal for both first-time investors and seasoned professionals looking to expand their portfolio in San Diego’s booming rental market. Read Less
Listing Snapshot
Days Online
62
Last Updated
Property Type
Other
Year Built
1950
MLS Number
250000843SD
30 Days Snapshot Of 92113
$687k
+15%
(avg) sold price
8
-11%
homes sold
46
-37%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1950, Levels: Two, 2 stories, 2 buildings
Cooling
None
Fence
None
Heating
ForcedAir, NaturalGas
Income
Net operating income: $69,778
Roof
Composition
Tenant Pays
CableTv, Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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