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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Logan Heights
MLS Listing ID 250020377
Sold Date 04/18/25
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 1953
Property Sub-Type Res Income 2-4 Units
Property Description
5 CASH FLOWING UNITS! 5.83% and 11.74 GRM on CURRENT INCOME. Potential Creative Financing (inquire w/ listing agent). Excellent low maintenance property in a strong rental market! Front 2br/1bt cottage lives like a SFR w/ no shared walls, laundry, and outdoor space. Back building has 4 1bd/1bt units and front detached cottage 2bd/1bt. Roof has recently been replaced and all units have A/C and tankless water heaters. The property has recently upgraded units, low expenses due to updated systems (back roof, tankless water heaters), low maintenance landscaping, and detached 2br cottage provides an excellent opportunity for a buyer to live in front and rent out back or have solid rental property with sound fundamentals.
Location
State CA
County San Diego
Community Logan Heights
Area Logan Heights (92113)
Building/Complex Name Logan Heights
Exterior
Exterior Feature Stucco
Fence Other/Remarks
Roof Type Composition
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional, Seller May Carry, Other/Remarks
Space Rent $2,595
Listing Terms Cash, Conventional, Seller May Carry, Other/Remarks
Financing Conventional
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Bought with Ruben Aceves • CA-RES
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908