We are pleased to present 2030-34 Kearney Ave, a 6-unit community located in the Logan Heights neighborhood of San Diego, California. The complex is comprised of one two-story building and four cottages that are situated on a 0.16 acre lot. The unit mix consists of four (4) one-bedroom/one-bathroom cottages and two (2) two-bedroom/one-bath units that total approximately 2,900 rentable square feet. Logan Heights is a historic San Diego community that is transforming into an art-centric, cultural hotbed, featuring, art galleries, breweries, eateries, and cafes. Located along the San Diego harbor, just southeast of downtown across the San Diego Bay from Coronado, near the San Diego Convention Center, East Village, Coronado, Uptown and Petco Park. The property offers immediate access to the Gaslamp quarter, Petco Park, Chicano Park, a wide array of eateries, and all that Downtown San Diego has to offer. This desirable community is located near San Diego’s largest employers, primary freeways, and the region’s most popular destinations. The property is also located in an Opportunity Zone, which can provide tax benefits to qualified investors by deferring gains. Along with strong projected population growth in the coming years, increased demand for housing in the submarket will foster substantial rent growth for the foreseeable future, indicating a strong market and property performance for years to come. The property provides investors the rare opportunity to acquire a true value add asset in one of San Diego’s most gentrifying neighborhoods.
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