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29945386
29945387

1609-23 E 10th St, National City, CA 91950

RA
CA CA 01298909, 00989238
Kidder Mathews San Diego
CR
01888559, CA 01888559
Kidder Mathews San Diego
Listed by Kidder Mathews San Diego
$1,975,000
99 days on market
Updated 99 days ago

8 Unit Multifamily

Details
APN 557-190-29
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,896
Net Rentable (SqFt) 4,896
Units 8
Cap Rate 5.04%
NOI $99,625
Pro-Forma Cap Rate 5.74%
Pro-Forma NOI $113,321
Price per SqFt $403
Broker Co-Op Yes
Year Built 1961
Buildings 1
Stories 2
Lot Size (SqFt) 8,965

Multifamily | 8 Units | $246,875/unit

Investment highlights

Performing and well-maintanined 8 unit multifamilyh property in National City. Property offers a desirable unit mix of one and two bedroom units, several building upgrades, strong in-place cap rate, plus potential to increase the income. The building consists of four one-bedroom units and four two-bedroom units. The units are separately metered for gas and electricity and offer ample on-site parking. The electrical panels are newer plus the vinyl windows have been installed. Most interiors have been upgraded as well. The property offers a convenient location within walking distance to Plaza Blvd shopping district and the local bus route. The local bus route connects with the 8th Street Transit Center which provides public transit to most of the county. Further, the location offers quick access to major employment centers such as Paradise Hospital and medical services, Mile of Cars, Gaylord Resort and Convenition Center, and Naval Base San Diego. Please drive by discreetly without disturbing the tenants. Property can be shown with an acceptable offer.

Listing Contacts

RA
CA CA 01298909, 00989238
Kidder Mathews San Diego
CR
01888559, CA 01888559
Kidder Mathews San Diego
Listed by Kidder Mathews San Diego

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$99,625.00
$8,302.08/mo

Valuation Metrics

0
DSCR
5.04%
Cap Rate
5.04%
ROI

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Additional Information

Name
Ray Adams
License
CA 01298909
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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