This Multifamily Property is Off-Market.

1829 K Ave
National City, CA 91950 ·

6 Units · Multifamily For Sale

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6 Units National City

Price N/A Commission Split 2.5%
No. Units 6 Cap Rate 13.50%
Building Size 3,648 SF Gross Rent Multiplier 5.30
Property Type Multifamily Occupancy 100%
Property Sub-type Garden/Low-Rise No. Stories 2
Property Use Type Investment Year Built 1973
Listing ID: 17703866 Date Created: 06/13/2012 Last Updated: 04/29/2013

Description

PRICE REDUCED!!!! This six unit complex is situated in a great National City location. The unit mix is comprised of four 2BR/1BA units and two studio apartments. The property is currently being operated as a sober living facility. Each bed is rented for $425-$500 per month - 4 tenants in the 2Br's and 2 tenants in the Studios. This is an excellent opportunity for an investor to continue current operations that produce nearly double the market return. The property will also operate well as a traditional apartment complex.

Often characterized by its rich historic past,
National City is in fact the second oldest city in
San Diego County. Incorporated on September
17, 1887, National City was originally part of the 26,000-acre El Rancho de la Nacion, which was
purchased in 1868 by Frank Kimball and his brothers Warren and Levi. The Kimballs cleared lands,
built roads, constructed the City's first wharf and brought the railroad to the City.
The Kimball' s and other early visionary leaders of National City are embodied in the historical
buildings and landscape dotted throughout the City. The historic buildings are evidence of the rich
past which contributes to the cultural fabric of National City today. Such historical resources provide
continuity with our past and enhance our quality of life.

Highlights

  • Great National City Location
  • On-Site Laundry
  • Off Street Parking
  • Creative Use

Research

1829 K Ave, National City, CA 91950 (San Diego County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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