Property Detail

Description

Prime Logan Heights Units with immediate upside in the rents. Diverse unit mix with a 3BR house with a connected non-conforming studio that has been a rental for a long time currently getting $900/month plus 3 1BR/1Bath bungalow style units and a stand alone garage in the alley. Current ownership has not aggressively raised rents. Nearby Renovated units are getting twice the current rents. There is also the potential to an an ADU or convert the stand alone to a studio ADU unit. This property can be purchased individually or as a portfolio with these 2 other properties: 2663 E Street, 92102 (4 Units) 2010-14 Franklin & 2617 Commercial, 92113 (3 Contiguous Parcels consisting of two duplexes and a vacant lot)