UPDATED:
11/19/2024 04:41 PM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 750 sqft
Price per Sqft $1,332
MLS Listing ID 240027039
Bedrooms 4
Full Baths 3
HOA Y/N No
Year Built 1954
Lot Size 6,646 Sqft
Property Description
Property Overview: Charming property on Highland Ave in National City, featuring two 2-bed, 1-bath cottages with private yards and a commercial building with a successful appliance repair business. This unique offering combines residential comfort with commercial potential, providing steady rental income and future development opportunities. Residential Units: Unit 1329: Remodeled in 2020, earning $2,350/month. Current tenants are on a month-to-month lease. Unit 1333: Long-term Section 8 tenant, paying $1,700/month for over 17 years, ensuring stable rental income. Commercial Building: Current Use: Occupied by a thriving appliance repair business, generating $2,000/month. Potential: Located in a high-traffic area with visibility and accessibility. Development Opportunities: Zoning: Allows for up to 3 additional residential units, making a total of 6 units possible. This zoning flexibility offers significant growth potential. Location: Highland Ave: High visibility, across from Walmart. Residential units are set back for a quiet living environment despite the busy area. Accessibility: Easy access to highways and amenities. Investment Potential: Income Stream: Diverse with stable residential and commercial leases. Future Growth: Potential for added residential units increases rental income and investment value. Important Notes: Tenant Privacy: Do not contact tenants directly; inquiries and showings via the listing agent only. Verification: Information is reliable but not guaranteed; buyers should verify all details. Condition: Buyers should conduct inspections. Contact Information: For more details, to schedule a viewing, or to make an offer, contact the listing agent. This property offers a rare blend of residential comfort, commercial income, and growth potential. Don?t miss this exceptional opportunity!
Location
State CA
County San Diego
Area National City (91950)
Zoning MCR-2
Interior
Heating Natural Gas
Cooling Wall/Window
Appliance Wall/Gravity
Exterior
Exterior Feature Stucco
Fence Partial
Community Features BBQ
Complex Features BBQ
View City, Evening Lights, Other/Remarks
Roof Type Composition
Building
Lot Description Curbs
Story 1
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Level or Stories 1 Story
Schools
Elementary Schools National School District
Middle Schools National School District
High Schools Sweetwater Union High School District
Others
Acceptable Financing Cash, Conventional, Exchange, FHA, Seller May Carry
Space Rent $2,350
Listing Terms Cash, Conventional, Exchange, FHA, Seller May Carry
Pets Description Yes
