$1,675,000
$1,850,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
0.37 Acres Lot
SOLD DATE : 01/03/2020
Key Details
Sold Price $1,675,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 190034791
Sold Date 01/03/20
HOA Y/N No
Lot Size 0.370 Acres
Property Description
We are pleased to present 10 units in National City residing on four parcels. The subject properties consist of 3 u at 1427 Roosevelt, 1 - 3bed/1ba & 2 - 1bed/1ba units on a 4,311 sq. ft lot. A duplex at 2830 E 8th, 2 - 2bed/1ba on a 2,276 sq. ft lot. A 900 sq. ft 2bed/1ba single family home at 2840 E Roosevelt on a 2,277 sq. ft lot. Four units at 2908-2912 E 8th consisting of 2 - 3bed/1ba & 2 Studios on a 7,410 sq. ft lot. Combined building and lot square footage are 5,657 & 16,274 respectively. The 3 parcels on E 8th are contiguous. The property is fully occupied with most of the tenants being long term, the rents are slightly below market providing rental upside for the future owner through rent stabilization. The layout and separate parcels also create a unique exit strategy should the future owner decide to sell of the properties individually. This is an ideal investment opportunity for the value-add investor or an exchange buyer looking for a high cash-flow investment in a developing market
Location
State CA
County San Diego
Area 91950 - National City
Zoning Various
Interior
Fireplace No
Others
Tax ID 5580221800
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Bought with Kevin Hemstreet • South Coast Commercial, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "