$1,600,000

  • COMMERCIAL-RES INCOME
  • ACTIVE
  • MLS# 180048863

Description

Value add opportunity for an investor at a competitive price per unit. Owner has sent out rent increases for all units to be at $1050 per month. The subject property is situated on a 8,455 square foot lot and is comprised of ten (10), 1BR/1BT units totaling approximately 4,928 rentable square feet. Tenants also enjoy a large courtyard in front with on-site laundry facilities.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1955
Number of Buildings:
3
Number of Stories:
2

Location

County:
San Diego

Additional Details

Number of Units:
10
Number of Stories:
2
Total Monthly Rent:
$8,675
Price Per Unit:
$160,000
Down Payment:
$560,000
Gross Equity:
$1,040,000
SqFt of Improvement:
4,928
Lot Size:
.25 Acres or less
Lot Square Footage:
8,455
Assessors Parcel #:
560-011-04-00
Zoning:
M
Tenant Pays Gas:
Yes
Tenant Pays Electric:
Yes

Unit Details

Unit 1
Number of Units:
10
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$867 (notices for $1050)
Unit Rental Total:
$8,675

Listing provided by

Keller Williams Carmel Valley
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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

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Presented By
Lori
Sutherland

DRE# 01864326

619.241.1015

Email Me
Presented By
Lori
Sutherland

DRE# 01864326

619.241.1015

Email Me

Willis Allen Real EstateThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.