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Key Details
Sold Price $1,900,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 240004358SD
Sold Date 04/12/24
HOA Y/N No
Lot Size 8,454 Sqft
Property Sub-Type Mixed Use
Property Description
BRING ALL OFFERS-SELLER IDENTIFIED UPLEG. Value add opportunity for an investor at a competitive price per unit. Rents are under market and a buyer can potentially achieve 7%+ cap rate on ProForma Rents. 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 and sits on a large corner lot of 8,712 sq ft. In addition, there are 2 units that are single story with the ability to add outdoor areas in order to increase rents.
Location
State CA
County San Diego
Area 91950 - National City
Zoning M
Interior
Fireplace No
Others
Tax ID 5600110400
Financing Cash to New Loan
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Bought with Jordan Concepcion Keller Williams Realty
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Ivan Perez
Broker Associate | License ID: 01952891
Broker Associate License ID: 01952891