Listed by Colliers - Los Angeles - La Jolla, California
$2,050,000
Barrio Logan Value Add Mixed Use
Details
APN 538-560-17-00, 538-560-16-00
Property Type Multifamily, Mixed Use
Sub Type Apartment Building, Residential
Square Footage 6,742
Net Rentable (SqFt) 6,742
Units 7
Cap Rate 4.66%
NOI $95,516
Pro-Forma Cap Rate 8.63%
Pro-Forma NOI $176,907
Price per SqFt $304
Class C
Buildings 5
Stories 2
Lot Size (SqFt) 13,728
Zoning RM-2-5, CC-3-6
Ground Lease No
Ownership fee simple
Multifamily | 4.66% CAP | 7 Units
Marketing description
2186–90 & 94 National Avenue offers a prime mixed-use redevelopment opportunity in the heart of Barrio Logan. Covering ±13,728 SF across multiple parcels and governed by the Barrio Logan Planned District with CC-3-6 zoning, the site sits within powerful incentive overlays, including Complete Communities, the Coastal Zone, TPA, SDA, and the Promise Zone, positioning it for significant density and reduced parking requirements. With a mix of existing residential, retail, and industrial structures, the property provides strong interim functionality with exceptional long-term development potential.
Listing Contacts
Listed by Colliers - Los Angeles - La Jolla, California
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$95,516.00
$7,959.67/mo
Valuation Metrics
0
DSCR
4.66%
Cap Rate
4.66%
ROI
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