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$ 1,700,000
Est. payment | /mo
5,963 Sqft Lot
$ 1,700,000
Est. payment | /mo
5,963 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2501848
HOA Y/N No
Year Built 1940
Lot Size 5,963 Sqft
Property Description
High Cap Rate & VA-Approved. BRAND NEW REMODELED FOURPLEX IN THE BOOMING RENTAL MARKET OF NATIONAL CITY! This fully renovated 4-unit investment property offers a turnkey opportunity for first-time homebuyers or savvy investors seeking strong rental income. Boasting a high cap rate, this VA-approved property is perfect for veterans looking to own an income-generating asset. The property consists of four beautifully upgraded units. Two of the units are 1-bedroom, 1-bath cottages (407 sq. ft. and 600 sq. ft.), while the other two units offer more space, including a 1-bedroom, 1-bath unit with an extra optional bedroom (856 sq. ft.) and a 2-bedroom, 2-bath unit (885 sq. ft.). Each unit has been fully upgraded with brand-new kitchens, bathrooms, hardwood flooring, fencing, landscaping, and fresh paint throughout. The front structure features new construction, with completely replaced foundation, electrical, and plumbing in the front-right unit. Every unit is equipped with brand-new AC mini-splits and washer/dryer units for maximum comfort and convenience. The property is low maintenance with excellent security, featuring circle security cameras on each unit and two gated entrances—one in the front and one in the back. It also offers four assigned parking spaces, with plenty of additional street parking. The largest unit has in-unit washer/dryers, while others use a community laundry room. Located just 7 miles from downtown San Diego, National City is a prime rental location with easy access to Coronado Bridge, San Diego Bay, and the 5 Highway. The area offers the perfect balance of city and suburban living, with a strong military presence due to the Naval Base San Diego. Nearby amenities include Kimball Park, just an 11-minute walk away, which features baseball and softball fields, a picnic area, and a skate park. Dorothy Petway Neighborhood Park, just a 2-minute drive away, offers a playground, trails, and picnic areas. Paradise Creek Educational Park, only 3 minutes away, provides scenic walking trails and a playground. The property is also in close proximity to major public transportation, with a 2-minute walk to bus stops, walking distance to Subway, and just a 12-minute drive to San Diego International Airport. Don't miss this exceptional investment opportunity in one of San Diego's fastest-growing rental markets!
Location
State CA
County San Diego
Area 91950 - National City
Zoning Multifamily Residential
Interior
Fireplace No
Appliance Dryer, Washer
Laundry Common Area, Inside, Outside
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Urban
View Y/N No
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Other
New Construction No
Others
Senior Community No
Tax ID 5562122300
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Listed by Ava Khamooshi • AK Broker
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Dan Andrizzi
Broker-Associate | Lic# 01440387