Log In/Sign Up
Your email has been sent.
2956 Clay Ave - 2956-58 Clay Ave 2 Unit Apartment Building Offered at $1,161,993 CAD at a 3.10% Cap Rate San Diego, CA 92113
Investment Highlights
- Large 1,020 SF 2bd/2ba Units
- Significant Value Add Oppurtunity
- 7,000 SF Lot with Alley Access
- Renovation Upside with Additional Unit Potential
Executive Summary
This well-positioned duplex sits in the heart of Logan Heights, a central infill neighborhood experiencing strong rental demand, continued revitalization, and rising investor activity. The property includes two spacious 2-bedroom, 2-bathroom units on a 6,987 SF lot. This is a significant value add oppurtunity through modern interior upgrades while also offering long-term potential due to the size and layout of the site. Positioned near Downtown, the Coronado Bridge, and I-5, the property offers unmatched access to major job centers and regional transit. This prime infill location enhances long-term renter demand and supports a range of value-add and expansion strategies.
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$59,877
|
$29.35
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$59,877
|
$29.35
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$24,122
|
$11.82
|
| Net Operating Income |
$35,755
|
$17.53
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $59,877 |
| Annual Per SF | $29.35 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $59,877 |
| Annual Per SF | $29.35 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $24,122 |
| Annual Per SF | $11.82 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $35,755 |
| Annual Per SF | $17.53 |
Property Facts
| Price | $1,161,993 CAD | Lot Size | 0.16 AC |
| Price Per Unit | $580,996 CAD | Building Size | 2,040 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 3.10% | Year Built | 1980 |
| No. Units | 2 | Parking Ratio | 2.94/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Price | $1,161,993 CAD |
| Price Per Unit | $580,996 CAD |
| Sale Type | Investment |
| Cap Rate | 3.10% |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.16 AC |
| Building Size | 2,040 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Parking Ratio | 2.94/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
Unit Amenities
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- Refrigerator
- Oven
- Yard
- Patio
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $2,734 CAD | 1,020 |
| 2+2 | 1 | $2,256 CAD | 1,020 |
1 1
Walk Score®
Very Walkable (85)
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2956 Clay Ave - 2956-58 Clay Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.