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$200K – $335K
Price Per Unit Range
4.8% – 6.9%
Cap Rate Range
2 – 20 Units
Deal Size
What are apartment cap rates in Logan Heights?
Logan Heights is part of the Southeast San Diego market, where recent closed apartment sales have shown cap rates of roughly 4.8% to 6.9%. That is higher than coastal and central San Diego, which is why the area draws yield-focused and 1031 exchange buyers.
How much is an apartment building worth in Logan Heights?
Recent Southeast San Diego apartment sales have ranged from about $200,000 to $335,000 per unit. Detached cottages, multiple structures on one lot and unpermitted units can all shift value, so the comparable set matters more here than in most San Diego neighborhoods.
Who buys apartment buildings in Logan Heights?
Mostly private investors seeking cash flow, 1031 exchange buyers trading into higher-yield property, and value-add buyers who plan to improve units over time. Some buyers also look at development potential near Downtown and the trolley.
How are cottage and multi-structure properties valued?
They don't fit neatly into single-family or apartment comps, so buyers and appraisers can value them very differently. Pricing usually rests on in-place income, the gap to market rents and comparable small-property sales in Logan Heights, Sherman Heights, Mountain View and Southcrest.
Market Data
Logan Heights at a Glance
Price per Unit
$200K – $335K
Cap Rate
4.8% – 6.9%
Typical Deal Size
2 – 20 Units
Buyer Type
Yield-Focused Investors / 1031 Exchange Buyers / Value-Add Operators
Market Insights
How investors are pricing apartments in Logan Heights
Logan Heights is one of the oldest neighborhoods in San Diego, just east of Downtown and Barrio Logan, and part of the wider Southeast San Diego market. Its housing stock mixes Victorian-era cottages, small courtyard buildings and 1950s–1970s apartments, many on lots with more than one structure. That variety makes pricing harder than in uniform markets: a four-cottage lot, a front house with back units and a stacked fourplex can all trade differently even on the same street. Buyers are mostly yield-focused private investors and 1031 exchange buyers who want more income per dollar than coastal or central San Diego offers, plus value-add operators looking at below-market rents and older interiors. Proximity to Downtown, the trolley and new development nearby supports long-term demand, while rent levels and condition drive day-one pricing. Arby represented the seller of four detached cottages at 3453–3459 Ocean View Blvd in Logan Heights.
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