Skip to main content

Multifamily

3079 Martin Ave

3079 Martin Ave, San Diego, CA 92113

Listing Price: $3,100,000

Cap Rate
5.30%
Number of Units
8
GRM
12.56
Occupancy
97.0%
Price/Unit
$387,500

Investment Overview

Marcus & Millichap is pleased to present 3079 Martin Ave, an 8-unit property located in the rapidly gentrifying neighborhood of Logan Heights. This newly constructed building offers features such as select units with private patios, fenced yards, in-unit laundry, and on-site parking. The property is situated on an approx. 7,000 SF lot with 6,850 of rentable SF.
The property has a diverse unit mix including (2) three-bedroom/ three-bathroom townhouses, (2) two-bedroom/ two-bathroom units, and (4) one-bedroom/ one-bathroom units. Each residence boasts modern amenities, such as hardwood flooring, tall ceilings, stainless-steel appliances, and split system AC/Heat.
The Logan Heights neighborhood of San Diego is known to be a place where art, culture, and community come together in a unique tapestry. Living in Logan Heights means embracing a dynamic community that’s both culturally rich and conveniently close to the heart of the city. In this quickly growing market, this asset is well positioned for rent growth and appreciation with the investor’s longevity in mind.

Investment Highlights

  • Rare New Construction Apartments Not Subject to AB-1482 Rent Control for 15 Years
  • Low Expenses- All Units Separately Metered for Electric and Water/Sewer
  • Luxury Finishes- Limited Supply in This Market
  • Rapidly Gentrifying Neighborhood of Logan Heights/ Barrio Logan
  • Just Two Miles Outside of Downtown San Diego

Exclusively Listed By

Financing By

Multifamily

3079 Martin Ave

Listing Price: $3,100,000

Cap Rate
5.30%
Number of Units
8
GRM
12.56
Occupancy
97.0%
Price/Unit
$387,500

Investment Highlights

  • Rare New Construction Apartments Not Subject to AB-1482 Rent Control for 15 Years
  • Low Expenses- All Units Separately Metered for Electric and Water/Sewer
  • Luxury Finishes- Limited Supply in This Market
  • Rapidly Gentrifying Neighborhood of Logan Heights/ Barrio Logan
  • Just Two Miles Outside of Downtown San Diego

Investment Overview

Marcus & Millichap is pleased to present 3079 Martin Ave, an 8-unit property located in the rapidly gentrifying neighborhood of Logan Heights. This newly constructed building offers features such as select units with private patios, fenced yards, in-unit laundry, and on-site parking. The property is situated on an approx. 7,000 SF lot with 6,850 of rentable SF. The property has a diverse unit mix including (2) three-bedroom/ three-bathroom townhouses, (2) two-bedroom/ two-bathroom units, and (4) one-bedroom/ one-bathroom units. Each residence boasts modern amenities, such as hardwood flooring, tall ceilings, stainless-steel appliances, and split system AC/Heat. The Logan Heights neighborhood of San Diego is known to be a place where art, culture, and community come together in a unique tapestry. Living in Logan Heights means embracing a dynamic community that’s both culturally rich and conveniently close to the heart of the city. In this quickly growing market, this asset is well positioned for rent growth and appreciation with the investor’s longevity in mind.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower