1609-1623 E 10th St - Apartments FOR SALE


National City, CA 91950
$1,975,000 USD
619-884-5456
1609-1623 E 10th St, National City, CA for Sale
$1,975,000 USD
Apartments - FOR SALE
1/10
null | 5.04% Cap Rate

1609-1623 E 10th St
National City, CA 91950


HIGHLIGHTS

  • Desirable unit mix
  • Strong in-place income
  • Several property upgrades

OVERVIEW

8 maintained and performing multifamily units offering a desirable unit mix of one and two bedroom units; a strong in-place cap rate; and potential to increase the income. The property consists of four one bedroom units and four two-bedroom, one bath units. The property includes many upgrades including new electrical panels, new vinyl windows, and interior upgrades. Ample on-site parking. Convenient location near shopping, transit and major employment centers. Walkable to Plaza Blvd shopping district and bus routes. Bus provides access to 8th Street Transit Center providing providing access to most of the county. Further, the location offers convenient access to major employment centers such as Paradise Valley Hospital and medical services, Mile of Cars, Gaylord Resort and Convention Center, and Naval Base San Diego. Please drive by without disturbing the tenants. Contact listing agent for the Offering Memorandum.

FOR SALE DETAILS

PRICE

$1,975,000 USD

PRICE/SF

$404 USD /SF

# OF UNITS

8

PRICE/UNIT

$246,875

CAP RATE

5.04%

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,004 SF

ZONING

RM-3-High Density Res

APN/PARCEL ID

557-190-29

ASK ABOUT THIS PROPERTY

Ray AdamsKidder MathewsMore Info
619-884-5456

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Ray AdamsKidder MathewsMore Info
619-884-5456

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.