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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
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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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