Multifamily
2049 Julian Ave
2049 Julian Ave, San Diego, CA 92113
Listing Price: $1,000,000
Investment Overview
2049 Julian Ave is an excellent Value Add Investment located in Logan Heights which is one of San Diego's oldest communities. The area is rich in culture and character and is continuing to improve year after year. The neighborhood began to take shape after the Mexican Revolution in the early 1900's and by 1940 Logan Heights & the adjacent Barrio Logan became 2 of the largest Mexican American communities in California.
Logan Heights is primarily a Residential Community having streets lined with Single Family as well as smaller Garden Style Apartment Units. The Subject Property consists of One 3BR/1B, Three 1BR/1B & a Non-Conforming Studio unit connected to the front House.
This is a great opportunity for an investor to renovate the units and achieve rents 30-40% higher as compared to nearby renovated properties. There is a stand alone garage that could either be converted into an ADU or scraped to build a brand new ADU.
2049 Julian Ave
Investment Highlights
- Diverse Unit Mix (3BR, Three 1BR Bungalows & 1 Non-Conforming Studio)
- True Value Add Property - Rents 30-40% below comparable renovated units
- Stable Working Class Rental Market with Minimal Vacancy
- Convenient to 5 & 15 Freeways as well as multiple public transportation lines
- Walking distance to Downtown San Diego, Several Bars, Restaurants & Multiple Schools (Elementary, Middle & High School)
Exclusively Listed By
Listing Price: $1,000,000
Investment Highlights
- Diverse Unit Mix (3BR, Three 1BR Bungalows & 1 Non-Conforming Studio)
- True Value Add Property - Rents 30-40% below comparable renovated units
- Stable Working Class Rental Market with Minimal Vacancy
- Convenient to 5 & 15 Freeways as well as multiple public transportation lines
- Walking distance to Downtown San Diego, Several Bars, Restaurants & Multiple Schools (Elementary, Middle & High School)
Investment Overview
2049 Julian Ave is an excellent Value Add Investment located in Logan Heights which is one of San Diego's oldest communities. The area is rich in culture and character and is continuing to improve year after year. The neighborhood began to take shape after the Mexican Revolution in the early 1900's and by 1940 Logan Heights & the adjacent Barrio Logan became 2 of the largest Mexican American communities in California. Logan Heights is primarily a Residential Community having streets lined with Single Family as well as smaller Garden Style Apartment Units. The Subject Property consists of One 3BR/1B, Three 1BR/1B & a Non-Conforming Studio unit connected to the front House. This is a great opportunity for an investor to renovate the units and achieve rents 30-40% higher as compared to nearby renovated properties. There is a stand alone garage that could either be converted into an ADU or scraped to build a brand new ADU.
Exclusively Listed By
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