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2 Detached Houses on 1 Lot 2057 Harrison Ave 2 Unit Apartment Building $785,000 ($392,500/Unit) 4.24% Cap Rate San Diego, CA 92113
Investment Highlights
- Prime Central San Diego Location ~ Logan Heights
- Value-Add Opportunity w/ One Unit Renovated
- Close Proximity to Downtown, the Coronado Bridge, and I-5
- 2 Detached Houses on 1 Lot w/ Private Yards & Parking for Each Unit
- Perfect for Owner Occupant or Investor
- Zoned RM-3-7 & Complete Communities Tier 3: 6.5 FAR for Future Development Potential
Executive Summary
**2 Detached Houses on 1 Lot, Prime Logan Heights Location** The Cottages on Harrison is a fantastic opportunity for an investor or owner occupant to acquire a cash flowing Duplex in one of San Diego's fastest growing submarkets. The property consists of two detached houses including (1) 2Bedroom/1Bathroom unit and (1) 1Bedroom/1Bathroom unit, each with their own private yard and off-street parking spot. With one unit already upgraded, there remains a strong value-add opportunity as well as future development potential (Zoned RM-3-7 & Complete Communities Tier 3: 6.5 FAR). With close proximity to Downtown, the Coronado Bridge, and I-5, you will not want to miss this multifamily opportunity.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $785,000 | Building Class | C |
| Price Per Unit | $392,500 | Lot Size | 0.09 AC |
| Sale Type | Investment | Building Size | 1,216 SF |
| Cap Rate | 4.24% | Average Occupancy | 100% |
| Gross Rent Multiplier | 15.89 | No. Stories | 1 |
| No. Units | 2 | Year Built | 1957 |
| Property Type | Multifamily | Parking Ratio | 1.64/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Garden | ||
| Zoning | RM-3-7 - Multi Family 10 units Less | ||
| Price | $785,000 |
| Price Per Unit | $392,500 |
| Sale Type | Investment |
| Cap Rate | 4.24% |
| Gross Rent Multiplier | 15.89 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 1,216 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 1.64/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-3-7 - Multi Family 10 units Less |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,117 | 750 |
| 1+1 | 1 | $2,000 | 466 |
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 538-340-21 | Improvements Assessment | $174,423 (2025) |
| Land Assessment | $249,184 (2025) | Total Assessment | $423,607 (2025) |
Property Taxes
Parcel Number
538-340-21
Land Assessment
$249,184 (2025)
Improvements Assessment
$174,423 (2025)
Total Assessment
$423,607 (2025)
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2 Detached Houses on 1 Lot | 2057 Harrison Ave
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