$5,750,000
( $242.31Per Sq Foot )
$30,867 est/mo Sourced by Back At You1858 Newton Avenue , San Diego, CA 92113
San Diego, CA 92113
Description
One of the most unique properties in all of San Diego's famous Barrio Logan sector. This prime location property is situated blocks from Barrio Logan light rail station, NASCO shipyards, the US Navy, Local purveyors, and more. Located in the Historic Barrio Logan area lends you access to the Int 5 North and South, Int 1`5 North, Mexico, International Border, and Int 8 East. The average market rent for similar properties in the area at $1.26 /SF has a projected NOI of $358,797 equaling a 6.23% Cap Rate. Additionally the property is located in the government propcurement zone, as well it is in the Opportunity Zone allowing a savvy investor with the opportunity to potentially avoid capital gains tax.
Details
| MLS# | 24418749 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 178 |
| Listing Provided By | REMAX COMMERCIAL & INVESTMENT REALTY 310-802-2500 | Jacob Plewa |
Features
| SQ Feet | 23,730 |
|---|---|
| Story(s) | 2 |
| Zoning | BLPD-REDEV |
| Acreage | 0.64 |
Market Activity 92113
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | San Diego |
| Zip Code | 92113 |
| Area | 92113 Logan Heights |
| Listing VS Median (in 92113) | |
Price: $5,750,000 low | high Med: $699,500 SqFt: 23,730 low | high Med: 1,389 $ / SqFt: $242 low | high Med: $506 On Site: 178 low | high Med: 46.500000 | |
Listing Updated: January 7, 2025 at 5:20:47 PM PST
