725 731 E 16th Street

National City, CA 91950

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 6342
    Sqft(Lot)
$1,395,000

Description

**owner may carry with 40% down** 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. all of the units have separate gas and electricity meters. owner pays the water bill --averaging a total of $65 per month! very low maintenance lot with nicely paved driveway and parking spaces, and very little landscaping to worry about. the 2-car garage has been partitioned, and is used by one tenant for laundry and storage, while the owner uses the majority of the garage space for personal storage. do the same, or generate even more income by leasing out the garage. note: the vacant lot behind the property is not part of the sale -- it belongs to another owner. there is some space behind the garage that belongs to this property, but not much space.

  • Property Type

    Residential Income

  • County

    San Diego

  • Style

    Residential Income

  • AD ID

    46809814

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Interior Features

    • Roof : Composition
    • Property Appliances: Gas Water Heater

    Cooling Features

    • None
    • Air Conditioning

    Heating Source

    • Natural Gas
    • Has Heating

  • Building Information

    • Year Built: 1959
    • Roof: Composition

    Pool Features

    • None

    Fencing

    • Partial

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1456
    • Lot Size Dimensions: 50x125
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 6342

  • Listing Price Information

    • Original List Price: 1,395,000
    • Listing Contract Date: 2024-09-01

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5601312000

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 91950 - National City
    • Directions: East Plaza Blvd to Highland Ave South to East 16th St CrossStreet: Highland Ave
    • Zoning: RES-MULTI
    • Source Property Type: Residential Income
    • Area: 91950 - National City

    Building and Construction

    • Property Age: 65
    • Year Built Source: Vendor Enhanced
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/17/2024 @ 01:47

  • MLS: 240020786SD
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 0 sqft, 6,342 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of National City , in zip code 91950, this San Diego County Home , it is in the National City Subdivision, are nearby neighborhoods.