National City, CA 91950,702 R Avenue
National City, CA 91950,702 R Avenue
National City, CA 91950,702 R Avenue
National City, CA 91950,702 R Avenue
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$3,500,000

$3,750,000

6.7%
Est.Price: ?

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Est. payment /mo

0.81 Acres Lot


SOLD DATE : 09/30/2021

Key Details

Sold Price $3,500,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 210018004

Sold Date 09/30/21

HOA Y/N No

Lot Size 0.810 Acres

Property Description

Epic opportunity to take this turnkey single-story 12-unit gem to the next level! All units are 2br/1ba and have upgraded granite kitchens and baths, 36-inch wide interior doors (handicap-friendly), walk-in closets, newer front doors, and an extra storage unit for each! Utilities paid by the tenants who enjoy a fantastic garden setting on almost an acre of land with ample parking too (18 spaces). Rents were just raised, and as of July 1, 2021 the GSI is $230,800. There is rent control of 5% + CPI (1.8% this year) = 6.8% which is about the same as the market's average increase anyway. Please do not bother the tenants - some of which have been there 10-20 years. Epic opportunity to take this turnkey single-story 12-unit gem to the next level! All units are 2br/1ba and have upgraded granite kitchens and baths, 36-inch wide interior doors (handicap-friendly), walk-in closets, newer front doors, and an extra storage unit for each! Utilities paid by the tenants who enjoy a fantastic garden setting on almost an acre of land with ample parking too (18 spaces). Rents were just raised, and as of July 1, 2021 the GSI is $230,800. There is rent control of 5% + CPI (1.8% this year) = 6.8% which is about the same as the market's average annual percentage-increase anyway. Please do not bother the tenants - some of which have been there 10-20 years.

Location

State CA

County San Diego

Area 91950 - National City

Interior

Fireplace No

Exterior

Total Parking Spaces 18

Others

Tax ID 55712040

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

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California Regional MLS (CRMLS)
Listed by Jim Klinge • Compass
Bought with Farid Khayamian • Bluxen
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6201 E Bayshore Walk, Beach, CA, 90804, USA

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