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1609-1623 E 10th St 8 Unit Apartment Building $2,000,000 ($250,000/Unit) 5.50% Cap Rate National City, CA 91950
Investment Highlights
- Price Reduction! Huge upside in rents.
Executive Summary
Big Price Reduction! Seller says sell now! 8 Units in great National City location! Excellent mix of 4-1/1's and 4- 2/1's. Turn key. Excellent occupancy history. Low Expenses. Property completely rehabbed in 2013 from the studs up. Upside in Rents!
Property Facts
| Price | $2,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.50% | Building Size | 4,894 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 99% |
| Gross Rent Multiplier | 13.2 | No. Stories | 2 |
| No. Units | 8 | Year Built/Renovated | 1961/2013 |
| Property Type | Multifamily | Parking Ratio | 2.45/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | RM-3-High Density Res - multiple residential | ||
| Price | $2,000,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.2 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,894 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/2013 |
| Parking Ratio | 2.45/1,000 SF |
| Zoning | RM-3-High Density Res - multiple residential |
Amenities
Unit Amenities
- Balcony
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 557-190-29 | Improvements Assessment | $808,239 |
| Land Assessment | $480,737 | Total Assessment | $1,288,976 |
Property Taxes
Parcel Number
557-190-29
Land Assessment
$480,737
Improvements Assessment
$808,239
Total Assessment
$1,288,976
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1609-1623 E 10th St
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