Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

3,292 sqft

Lot size

7,815 sqft

Year built

1950

Stories

1

Garage spaces

6

Pool

None

Status

Active

Days on market

29

MLS #

247128996

About this property

Income-producing investment opportunity in centrally located National City! Reported annual rental income of $127,200 and operating expenses of $23,563 yield an estimated annual NOI of $103,637. A recent appraisal valued the property at $1,550,000, with a sales price of $1,449,000 and approximately 7.15% NOI. The appraisal confirmed approximately 3,292 square feet of combined living area across four residences: three 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit. Situated on a 7,815-square-foot lot with on-site parking for up to six vehicles, the property offers multiple rental income streams and the flexibility to explore living in one residence while renting the others. Conveniently located near parks, schools, grocery stores, dining and Plaza Bonita, with easy access to I-5, I-805 and SR-54.

Location

31 E Avenue

National City, San Diego, CA, 91950