2049 Julian Ave - Multi-Family FOR SALE


San Diego, CA 92113- Logan Heights
$1,000,000 USD
858-373-3196
2049 Julian Ave, San Diego, CA for Sale
$1,000,000 USD
Multi-Family - FOR SALE
1/16
null | 3.88% Cap Rate

2049 Julian Ave
San Diego, CA 92113
Logan Heights


HIGHLIGHTS

  • Diverse Unit Mix (3BR, Studio & Three 1BR Bungalow Cottages
  • Rents Well Below Market, Immediate Upside
  • Improving Logan Heights Neighborhood Minutes to Downtown
  • Walking Distance to Several Schools & Markets

OVERVIEW

Long term ownership with a true Value Add component. Rents well below market and some deferred maintenance but priced accordingly. Located in Logan Heights in a solid Residential Neighborhood poised for rent growth and nearby development. Possibility of an Owner-Occupied investment with a 3BR Single Family Residence and 4 additional units for income. Mix is One 3Br/1Bath, One Studio (Non-Conforming), & Three 1BR/1Bath Bungalow style units. There is a garage in the rear that could be converted to an ADU.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$418 USD /SF

# OF UNITS

5

PRICE/UNIT

$200,000

CAP RATE

3.88%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

538-320-18-00

ASK ABOUT THIS PROPERTY

Thomas McCartinThe McCartin GroupMore Info
858-373-3196

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Thomas McCartinThe McCartin GroupMore Info
858-373-3196

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.