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721-27 E 22nd St
National City, CA 91950
Multifamily Property For Sale
·
4 Units
Executive Summary
Incredible 4 unit opportunity in National City with strong rents in place. Property consists of 2 structures. Original 1-story home was taken down to the studs in 2022 and legally split into a 3 bed/2 bath PLUS a separate 1 bed/1 bath unit. 2nd structure was built from the ground up in 2022 and consists of two 3 bed/3 bath 2-story units with large view balconies. 7 off-street parking spaces combined, tenants pay all utilities, laundry in each unit, units are all professionally managed. CAP rate of 4.28 and total combined rents of $12,445 per month. All the work here has already been done!
Property Facts
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2022 |
| Building Class | C | Parking Ratio | 0.92/1,000 SF |
| Lot Size | 0.17 AC | APN / Parcel ID | 560-320-19 |
| Building Size | 4,106 SF | ||
| Zoning | 40 | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,106 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 0.92/1,000 SF |
| APN / Parcel ID | 560-320-19 |
| Zoning | 40 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Stainless Steel Appliances
- Attic
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 3 | $3,550 | 1,056 - 1,198 |
| 1+1 | 1 | $1,995 | 587 |
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