Property Detail

1858 Newton

San Diego CA 92113

$5,750,000

Status: Active

Property Details

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.

Map Location

Listing provided courtesy of Jacob Plewa of REMAX COMMERCIAL & INVESTMENT REALTY. Last updated 2024-11-25 09:48:26.000000. Listing information © 2024 CRMLS.

Linda Lederer Bernstein

Linda Lederer Bernstein

DRE #1527365
Inquire Now
https://www.royacdn.com/unsafe/smart/Site-4c9a5a23-65f0-4293-a932-ee64df628422/headshot/Linda_0036new.jpg Realtor https://www.royacdn.com/unsafe/smart/Site-4c9a5a23-65f0-4293-a932-ee64df628422/headshot/Linda_0036new.jpg