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Key Details
Sold Price $710,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 691 sqft
Price per Sqft $1,027
Subdivision National City
MLS Listing ID 220002624
Sold Date 04/04/22
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1925
Property Description
Fantastic investment in National City. 3 well maintained units near downtown San Diego, Chula Vista and San Diego Bay. Each tenant has their own individual yard/patio space; plenty of parking available. The lot is spacious and flat--zoned for R4 so opportunity to build more units. This property has been divided into three units and is currently rented for a total of $3,940 per month. There is one 2 bedrooms, 1 bath unit (~750 sq ft), one 1 Bed, 1 Bath unit (~500 sq ft) and one studio with 1 bathroom (~500 sq ft). Rents are currently below market and there is major upside!
Each with their own entrance, kitchen, etc. Detached garage also converted to a studio unit. Permitting status for all work unknown and it is likely not permitted. All three units have wall electric heat and have their own mailbox with USPS. Variance granted 2-4 units - permitted status unknown
Location
State CA
County San Diego
Community National City
Area National City (91950)
Building/Complex Name Palm Units
Interior
Cooling Wall/Window
Exterior
Exterior Feature Stucco, Wood/Stucco
Garage Unit1:Assigned Unit2:Assigned Unit3:Assigned
Fence Partial
Roof Type Other/Remarks
Building
Story 1
Lot Size Range 7500-10889 SF
Water Available, Meter on Property
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $1
Listing Terms Cash, Conventional
Financing Conventional
Pets Description Yes
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Bought with Sonia Ramirez • Quicker Inc.
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Najla Dearie Wehbe Dipp
Broker Associate | License ID: 02024371
Broker Associate License ID: 02024371