Brokerage
Brokerage
2944-46 Webster
2944 Webster Ave, San Diego, CA 92113, USA
Active
$895,000
2 Detached Homes in Logan Heights




Property Type
Multifamily
Units
2
SqFt
1,671
Price
$895,000
Price/Unit
$447,500
Year Built
1960
Market
Logan Heights
Price/SF
$536
Cap Rate
4.25%
GRM
15.38
Unit Mix
(1) 3/2, (1) 2/1
Property Description
2944-46 Webster Ave offers the opportunity to acquire two detached homes on one lot in Logan Heights, providing investors with a flexible residential asset in a centrally located San Diego neighborhood. The property consists of a 3-bedroom/2-bath front home and a 2-bedroom/1-bath rear home, with the rear residence also benefiting from a detached two-car garage, alley access, and potential for future ADU conversion of the garage.
Both homes have received interior updates within the past 10 years, including modern appliances, updated kitchens and bathrooms, and refreshed interior finishes. The property is currently stabilized, while still offering additional rental upside through future turnover or rent increases over time as existing rents move closer to current market levels.
The detached configuration provides added privacy and separation between the residences, while the larger unit mix, garage parking, updated interiors, functional site layout, and potential for additional dwelling units contribute to strong tenant and investor appeal. With two standalone homes, on-site parking, future development potential, and continued income growth potential, the property presents a compelling long-term investment opportunity in an established and centrally located San Diego neighborhood.
