725 16th Street, National City, CA 91950
  • MLS#: 240020786SD ( )
  • Street Address: 725 16th Street
  • Viewed: 2
  • Price: $1,395,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 75
  • Additional Information
  • County: SAN DIEGO
  • City: National City
  • Zipcode: 91950
  • Subdivision: National City
  • Provided by: Berkshire Hathaway HomeServices California Propert
  • Contact: Gregg Gregg
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Appliances
  1. Gas Water Heater
Assessments
  1. None
Association Fee
  1. 0.00
Cooling
  1. None
Country
  1. US
Days On Market
  1. 66
Fencing
  1. Partial
Heating
  1. Natural Gas
Levels
  1. Two
Netoperatingincome
  1. 74348.00
Parcel Number
  1. 5601312000
Park Name
  1. 16th / Highland - National City
Pool Features
  1. None
Roof
  1. Composition
Sourcesystemkey
  1. 240020786:SDP
Spa Features
  1. None
Subdivision Name Other
  1. National City
Tenant Pays
  1. Electricity
  2. Gas
Virtual Tour Url
  1. https://vimeo.com/952398734
Year Built
  1. 1959
Zoning
  1. RES-MULTI