1877 Irving Avenue
San Diego, CA, 92113 $ 1,549,900
Baths1.0 Sq 3,490 Monthly Estimate*
$ 9,543
Listed by VK LUXURY REAL ESTATE
Studio for $1,549,900 with 1 full bath. This 3,490 square foot home was built in 2024 on a lot size of 0.0862.
Newly constructed 5-unit multifamily asset completed in 2024, offering a rare opportunity to own a modern, low-maintenance investment property in one of San Diego’s most connected urban locations. Built for long-term efficiency, the property features owned solar, all-electric building systems, and in-unit washer and dryer in every unit, creating a highly attractive setup for both investors and tenants. The newer construction and energy-conscious design help support lower maintenance demands and more efficient day-to-day operation. The property consists of two detached buildings with a desirable mix of two 2-bedroom/1-bath units and three 1-bedroom/1-bath units. Contemporary finishes, functional layouts, and modern design elements give the property strong tenant appeal and position it well against older housing stock in the area. Ideally located just south of Downtown San Diego near the Coronado Bridge, the property benefits from excellent access to major employment hubs, transportation corridors, dining, retail, and entertainment. The surrounding Barrio Logan area is one of San Diego’s oldest and most culturally rich neighborhoods, located south of Downtown and shaped by the presence of the Port of San Diego and Naval Station San Diego. It is also known for its gallery scene, shopping, dining, and proximity to Chicano Park, a National Historic Landmark and cultural destination. These neighborhood qualities help create the kind of location story that stands out to renters and investors alike. With new construction, owned solar, all-electric efficiency, in-unit laundry, and a location near Downtown and the Coronado Bridge, this property presents a compelling turnkey multifamily opportunity in a strong San Diego rental corridor.
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FeaturesGeneralSewer Public Sewer
Appliances Dryer
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 2024
Tenant Pays Electricity
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 116820
Community Features Curbs Street Lights Sidewalks Urban
County San Diego
Net Operating Income 91756
Operating Expense 24704
Insurance Expense 2500
New Construction false
Property Type Residential Income
HOA false
Contingency none
MaintenanceExpense 460
Subdivision Name Logan Heights
Garage Y/N false
Special Listing Conditions Standard
Status Active
Directions From I-5 exit Cesar Chavez Pkwy head east turn right on S 28th St left on Irving Ave.
City San Diego
Entry Location Ground
Senior Community Y/N false
Number Of Units Total 5
MLS Area 92113 - Logan Heights
Lot Size Units Square Feet
Lot Size Square Feet 3754
Number of Units Leased 5
Listing Terms Cash Conventional
Property Attached Y/N false
Land Lease Y/N false
Fuel Expense 0
Trash Expense 2160
Water Sewer Expense 2893
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Builder
Tax Lot 29
Total Actual Rent 9535
Property Sub Type Additional Apartment
Cap Rate 5.92
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InteriorTotal Stories 2
Common Walls No Common Walls
Laundry Features Electric Dryer Hookup Inside Laundry Closet
Entry Level 1
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ExteriorParking Features Public
Lot Features Near Public Transit Street Level
Water Source Public
Total Parking 0
Lot Size Area 3754
Number of Buildings 2
Building Area Total 3490
Lot Size Acres 0.0862
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 0
Number of Separate Electric Meters 5
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* Excluded FeaturesList ByVk Luxury Real EstateBroker
Varinder@varinderkumar.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $9,543
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in San Diego, CA
Average List Price $2,188,477
Percent of Sale Price 41%
About San Diego, CA 1,417,428 Population
15% Since 2002
$ 72,408 Median Income
36.37 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/24/2026 | $1,549,900 | | Listed Price |