$1,125,000
$64K PRICE DROP

Estimated payment $7,225/month

Total Views 3,919
3 Beds
4 Baths
1,930 Sq Ft
$583 Price per Sq Ft

Highlights

  • City View
  • Gated Home
  • Wood Siding
  • Zoned Cooling

About This Home

Exceptional opportunity to acquire a fully remodeled, income-producing 3 unit property blending historic charm with modern updates. Ideal for investors seeking stable in-place income or owner occupants looking to offset expenses. Upside potential. Large 6929sf lot. Units have been thoughtfully updated with high quality, custom finishes. Private yards and upstairs unit features views to Coronado. Turnkey condition, including newer plumbing, electrical and roof (last 10 years) and minisplit AC/heating in two of the units just added. This asset is fully tenant occupied providing immediate cash flow. Short term rental friendly area. Current rental income is $82,260. Zoned RM 3-7. 1 mile to downtown. Please do not disturb tenants

Listing Agent

Lisa Bohlken

Keller Williams San Diego Metro License #01889698 Listed on: 04/08/2026

Keller Williams San Diego Metro

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1928

Lot Details

  • 6,929 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Sprinkler System

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3 Bedrooms
  • 1,930 Sq Ft Home
  • 2-Story Property
  • City Views

Utilities

  • Zoned Cooling
  • Gravity Heating System
  • Heating System Uses Natural Gas

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • Logan Heights Subdivision

Building Details

  • Operating Expense $29,180

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

6,929 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Year Built: 1928
  • Unit Levels: 2 Story
  • Property Sub Type: Res Income 2-4 Units
  • Frontage: N/K
  • SpaFeatures: N/K
  • Security Features: N/K
  • CapRate: 4.8
  • Co List Office Mls Id: 64647
  • Subdivision Name: LOGAN HEIGHTS
  • BuildingName: N/A
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-05-14T20:10:29Z
  • AgeRestrictions: N/K
  • FullAddress: 3144-48 L st
  • ShortSale: No
  • Site: Alley Access, Public Street, Sidewalks, Street Paved
  • SupplementRemarks: Custom and vintage lighting in downstairs unit including built-ins and office closet in dining room area. All one touch with dimmers. Secure storage areas and sheds for units 2 and 3. Off street secure parking for back house. Street parking for front duplex. May be possible to add additional unit/units - buyer to verify
  • Telecommunications: N/K
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Total Bedrooms: 3

Exterior Features

  • Fencing: Full, Gate
  • Roof: Composition
  • View: City
  • Pool Features: N/K
  • Construction Type: Wood

Utilities

  • Cooling: Zoned Area(s)
  • Heating: Wall/Gravity, Other/Remarks
  • Utilities: Sewer Connected
  • Water Source: Meter on Property
  • HeatSource: Natural Gas

Lot Info

  • Lot Size Sq Ft: 6929.0

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 3
  • Annual Operating Expense: 29180.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2026 05/14/26 Price Changed $1,125,000 -2.1% $583 / Sq Ft
04/29/2026 04/29/26 Price Changed $1,149,000 -3.4% $595 / Sq Ft
04/08/2026 04/08/26 For Sale $1,189,000 -- $616 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 260008213

San Diego MLS
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