1214 18th , National City, CA 91950
  • MLS#: 250024408SD ( )
  • Street Address: 1214 18th
  • Viewed: 3
  • Price: $1,295,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 12
  • Additional Information
  • County: SAN DIEGO
  • City: National City
  • Zipcode: 91950
  • Subdivision: National City
  • Provided by: The Browar Group
  • Contact: Josh Josh
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    First Time on Market in Over 35 Years Prime Value Add Opportunity in National City! Welcome to 1214 20 E 18th Street, a rare investment opportunity in the heart of National City. Hitting the market for the first time in over three decades, this well located multifamily asset features four spacious 2 bedroom, 1 bathroom units situated on a generous 9,431 square foot lot. In addition to the main residential buildings, the property includes a third detached structure housing four single car garages and an extra storage room. This additional structure presents a compelling opportunity for increased revenuewhether through renting the garages separately or converting the space into Accessory Dwelling Units (ADUs), subject to city approval. All units are currently tenant occupied with month to month leases, offering maximum flexibility for repositioning. Rents are approximately 50% below market, providing immediate upside potential through renovation and rent increases. Investors will appreciate the ability to add value by modernizing interiors and capturing significant cash flow growth. Don't miss this exceptional chance to acquire a well located asset with strong fundamentals, significant rental upside, and multiple value add pathways.
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Features
Association Fee
  1. 0.00
Cooling
  1. None
Country
  1. US
Fencing
  1. Partial
Levels
  1. One
Netoperatingincome
  1. 29836.00
Parcel Number
  1. 5612103300
Roof
  1. Composition
Sourcesystemkey
  1. 250024408:SDP
Subdivision Name Other
  1. National City
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Gas
  4. See Remarks
Year Built
  1. 1959