$1,900,000
$2,200,000
13.6%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Jordan A Concepcion • Keller Williams Realty
1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States