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    Address Not Available By Request

    National City, CA 91950
    • $1,300,000
    • STATUS: ACTIVE
    • ON SITE: 15 days
    • ID#: 200047391
    UPDATED: 48 min ago
    $1,300,000
    • 11
      BEDS
    • 0.44
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    4 PLEX & HOUSE on .44 ACRE LOT With Option for either Larger or Smaller Development. Tremendous Upside Potential and room to meet property's Highest and Best Use. Large lot behind house allows for additional 2 ADUs to be built. 2nd story may be built onto home. Great parcel w/ access on both streets, i.e. 18th and 19th St access. RARE DEVELOPMENT OPPORTUNITY: Larger Scale Development Op - Scrape & Build up to 20 units. Recent Upgrades: Aug 2020 - Cleaned & seal-coated parking lots, applied crack and oil sealer. Nov 2019 - Remodeled 2918 Unit, including interior painting. Owner has been properly maintaining property & has very accurate & thorough records. House has washer/dryer hookups and fireplace Both buildings have sloped roofs, one re-shingled in 2007 and the other in 2012. It is located just 6 Miles from New Chula Vista Bayfront Development and just south of Downtown San Diego with rapidly expanding high paying employment opportunities.

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    This 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 San Diego MLS. 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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
    www.themarellygroup.com/homes/110658343
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    Address Not Available By Request National City, CA 91950

    • Price: $1,300,000
    • Status: ACTIVE
    • Updated: 48 min ago
    • ID#: 200047391
    11
    Beds
    5
    Baths
    0
    ½ Baths
    0.44
    Acres
    Neighborhood:
    National City (91950)
    County:
    San Diego
    Area:
    National City (91950)
    Property Description
    4 PLEX & HOUSE on .44 ACRE LOT With Option for either Larger or Smaller Development. Tremendous Upside Potential and room to meet property's Highest and Best Use. Large lot behind house allows for additional 2 ADUs to be built. 2nd story may be built onto home. Great parcel w/ access on both streets, i.e. 18th and 19th St access. RARE DEVELOPMENT OPPORTUNITY: Larger Scale Development Op - Scrape & Build up to 20 units. Recent Upgrades: Aug 2020 - Cleaned & seal-coated parking lots, applied crack and oil sealer. Nov 2019 - Remodeled 2918 Unit, including interior painting. Owner has been properly maintaining property & has very accurate & thorough records. House has washer/dryer hookups and fireplace Both buildings have sloped roofs, one re-shingled in 2007 and the other in 2012. It is located just 6 Miles from New Chula Vista Bayfront Development and just south of Downtown San Diego with rapidly expanding high paying employment opportunities.
    Exterior Features

    Carports 0 Construction Frame Exterior Cable AvailablePart FencedPart Landscaped Lot Dimensions Approx 65.97 By 285.51 Parking Spaces Parking Spaces Total 6 Roof Composition Units With Garages 0

    Interior Features

    Cooling None Floor Coverings VinylWall To Wall Carpet Heating Wall Laundry Owned Sq Ft Of Improvement 4330 Stories 2 Story Unit Furnished1 N Unit Furnished2 N Unit Furnished3 N Unit Furnished4 N Unit Furnished5 N Units With Dishwashers 1 Units With Disposals 5 Units With Drapes 5 Units With Ranges 5 Units With Refrigerators 5

    Property Features

    Actual Cap Rate 4.7 Actual Gardener Expense 2340 Actual Gas And Electric 3235 Actual Gross Operating Income 81772 Actual Gross Scheduled Income 80693.0 Actual Maintenance Expense 4103 Actual Operating Expense 20014 Actual Other Expense 519 Actual Pest Control Expense 660 Actual Prop Management 4124 Actual Taxes Expense 2524 Actual Total Expense 20014 Assumable Finance 0 Buildings 2 Fiscal Year From 10 Fiscal Year To 9 Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 910000 Gross Multiplier 16.1 Have Equity Leased Apartments 5 Mandatory Remarks None Known Market Area South Bay Monthly Rent Total 80693 Motive Want Cash Other Income Amount 1079 Other Income Source Laundry Present Loan No Projected Cap Rate 4.1 Projected Fl Ins Expense 2379 Projected Fl Ins Expense1 2379 Projected Gardener Expense 2470 Projected Gas And Electric 3235 Projected Gross Multiplier 15.5 Projected Gross Scheduled Inc 83921 Projected Other Expense 519 Projected Other Income 1079 Projected Pest Expense 660 Projected Property Mgmt Expense 4124 Projected Taxes Expense 14547 Projected Total Expense 52936 Short Sale No Special City Transfer TaxOther TaxesSellers Are Re Licensees Sq Ft Source Buyer To Verify Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms CashCash To New Loan Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Rent Total1 1110 Unit Rent Total2 1350 Unit Rent Total3 1300 Unit Rent Total4 1465 Unit Rent Total5 1675 Unit Rent1 1110 Unit Rent2 1350 Unit Rent3 1300 Unit Rent4 1465 Unit Rent5 1675 Unit Type FourplexFree Standing Zoning Mxc-1

    Listing provided courtesy of Pacific Coast Commercial. Listing information © 2020 San Diego MLS Inc. Source: SDMLS
    This 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 San Diego MLS. 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 © 2020 San Diego MLS, Inc. Licensed in the state of California.
     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003