$3,165,000

  • COMMERCIAL-RES INCOME
  • SOLD
  • MLS# 180033062

Description

We are pleased to present this unique 16 unit multifamily investment opportunity. This attractive courtyard style complex has been extensively renovated inside and out. Tenant amenities include off street parking, fully gated/secure premises, on-site laundry facility, and accessibility to shopping, transportation, and frwy. Rental income is strong with an average of $1,277 per unit with potential upside. Property is situated on a quiet street comprised of mostly SFR’s and newer condo construction. Attractive I/O assumable financing available.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1963
Number of Buildings:
1
Number of Stories:
2
Total Number of Parking Spaces:
15

Location

County:
San Diego

Additional Details

Number of Units:
16
Number of Stories:
2
Total Monthly Rent:
$20,432
Price Per Unit:
$208,000
Down Payment:
$1,368,000
Gross Equity:
$1,368,000
Assumable Finance:
$1,960,000
Existing Finance:
Conventional
SqFt of Improvement:
8,340
Lot Square Footage:
15,475
Assessors Parcel #:
557-420-20-00
Tenant Pays Gas:
Yes
Tenant Pays Electric:
Yes
Units with Ranges:
16
Units with Refrigerator:
16
Cooling:
Wall/Window
Exterior:
Metal Fence, Part Landscaped
Heating Equipment:
Wall
Roof:
Composition
Laundry:
Leased
Parking:
Spaces

Unit Details

Unit 1
Number of Units:
11
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,250
Unit Rental Total:
$13,750
Unit 2
Number of Units:
1
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,295
Unit Rental Total:
$1,295
Unit 3
Number of Units:
4
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,350
Unit Rental Total:
$5,400

Features

Floor Coverings:
Tile
Construction Features:
Drywall, Frame, Stucco
Laundry Utilities:
Leased

Listing provided by

South Coast Commercial, Inc.
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National City

The second oldest city in San Diego County, National City has almost 60,000 residents and is close to both Downtown San Diego and the Mexican border. The city is known for its wonderful parks, including the waterfront Pepper Park and the 30-acre Kimball Park. There is a strong military presence in the area because the three-mile port along San Diego Bay is part of Naval Base San Diego, th... Read More

Presented By
Lori
Sutherland

DRE# 01864326

619.241.1015

Email Me

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