National City, CA 91950,1227 Coolidge Ave
National City, CA 91950,1227 Coolidge Ave
National City, CA 91950,1227 Coolidge Ave
National City, CA 91950,1227 Coolidge Ave
National City, CA 91950,1227 Coolidge Ave
National City, CA 91950,1227 Coolidge Ave
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$1,900,000

$2,200,000

13.6%
Est.Price: ?

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Est. payment /mo

8,455 Sqft Lot


SOLD DATE : 04/12/2024

Key Details

Sold Price $1,900,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 240004358

Sold Date 04/12/24

Lot Size 8,455 Sqft

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 National City (91950)

Zoning M

Building

Story 2

Lot Size Range .25 Acres or less

Others

Space Rent $160,212

Financing Cash to New Loan

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San Diego Regional MLS (SDMLS)
Listed by Jordan A Concepcion • Keller Williams Realty
Bought with Jordan A Concepcion • Keller Williams Realty
agent-avatar

+1(858) 449-1101

theresa@octagonre.com

1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States

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