725-731 E 16th Street, National City, CA 91950

National City, CA 91950,725-731 E 16th Street

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Glen Henderson

[email protected] +1(619) 889-7646

$1,395,000

Est. payment - /mo

6 Beds

4 Baths

528 SqFt

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UPDATED:

11/05/2024 12:15 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 528 sqft

Price per Sqft $2,642

Subdivision National City

MLS Listing ID 240020786

Bedrooms 6

Full Baths 4

HOA Y/N No

Year Built 1959

Lot Size 6,342 Sqft

Lot Dimensions 50x125

Type of Financing Cash,Conventional,FHA,Seller May Carry,VA

Property Description

**Owner may carry with 40% down** Great for a 1031 exchange! Location, location.... this is what you've been waiting for with one of the best locations in National City! Amazingly LOW-MAINTENANCE 4-unit INCOME property in the heart of National City, featuring 2 two-bedroom/one-bath units and 2 one-bedroom/one-bath units. Two-car garage plus 4 off-street parking spaces. Generates $7173 in gross monthly rent from LONG-TERM Section 8 tenants, all of whom are single occupants. Incredibly stable income with appx 86% of the rent paid for by National City Housing Authority. Two tenants of 4+ years, two tenants of 25+ years? Looking for even MORE INCOME? Buyer MAY be able to convert the garage into an ADU/5th unit. Situated in a desirable location close to shopping, the post office, and dining amenities near Highland Ave. Shown ONLY with an accepted offer.
All of the units have separate gas and electricity meters. Owner pays the water bill --averaging a total of $65 per month! Very low maintenance lot with nicely paved driveway and parking spaces, and very little landscaping to worry about. The 2-car garage has been partitioned, and is used by one tenant for laundry and storage, while the owner uses the majority of the garage space for personal storage. Do the same, or generate even more income by leasing out the garage. Note: The vacant lot behind the property is NOT part of the sale -- it belongs to another owner. There is some space behind the garage that belongs to this property, but not much space.

Location

State CA

County San Diego

Community National City

Area National City (91950)

Building/Complex Name 16th / Highland - National City

Zoning RES-MULTI

Interior

Heating Natural Gas

Appliance Wall/Gravity

Exterior

Exterior Feature Stucco, Wood, Wood/Stucco

Fence Partial

View City

Roof Type Composition

Building

Lot Description Curbs, Public Street, Sidewalks, Street Paved

Story 2

Lot Size Range 4000-7499 SF

Sewer Sewer Connected

Water Meter on Property

Level or Stories 2 Story

Schools

Elementary Schools National School District

Middle Schools National School District

High Schools Sweetwater Union High School District

Others

Acceptable Financing Cash, Conventional, FHA, Seller May Carry, VA

Space Rent $1,598

Listing Terms Cash, Conventional, FHA, Seller May Carry, VA

Pets Description Allowed w/Restrictions

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Listed by Gregg R Neuman • Berkshire Hathaway HomeServices California Properties

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

725-731 E 16th Street National City, CA 91950

Glen Henderson

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Schools

Others

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