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725-731 E 16th Street National City, CA 91950
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Key Details
Sold Price $1,245,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision National City
MLS Listing ID 250045984
Bedrooms 6
Full Baths 4
Year Built 1959
Lot Size 6,342 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Great for a 1031 exchange! Location, location.... this is what you've been waiting for with one of the best locations in National City! Amazingly LOW-MAINTENANCE 4-unit INCOME property in the heart of National City, featuring 2 two-bedroom/one-bath units and 2 one-bedroom/one-bath units. Two-car garage plus 4 off-street parking spaces. Generates $7173 in gross monthly rent from LONG-TERM Section 8 tenants, all of whom are single occupants. Incredibly stable income with appx 86% of the rent paid for by National City Housing Authority. Two tenants of 4+ years, two tenants of 25+ years… Looking for even MORE INCOME? Buyer MAY be able to convert the garage into an ADU/5th unit. Situated in a desirable location close to shopping, the post office, and dining amenities near Highland Ave. Shown ONLY with an accepted offer.
Location
State CA
County San Diego
Area South Bay
Zoning RES-MULTI
Interior
Heating Wall/Gravity
Exterior
Fence Partial
Utilities Available Sewer Connected
View Y/N Yes
View City
Roof Type Composition
Building
Story 2
Water Meter on Property
Schools
School District Sweetwater Union High School Dis
Others
Acceptable Financing Cash, Conventional, FHA, Seller May Carry, VA
Listing Terms Cash, Conventional, FHA, Seller May Carry, VA
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Bought with Seth R Watje Starker West, Inc.
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