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    1006 Palm Ave

    National City, CA 91950
    • $619,000
    • STATUS: PENDING
    • ON SITE: 63 Days
    • ID#: 210021100
    Pending
    UPDATED: 9 min ago
    $619,000
    • 3
      BEDS
    • 0.25
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 1,750
      SQFT
    • $354
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:

    School Ratings & Info

    Description

    Variance granted 2-4 units - permitted status unknown. Opportunity Zone! Excellent investment opportunity of 3 units in the heart of National City - one of the fastest growing and renewing cities in the county. This great location is near all the new construction and offerings in National City. It is also close to downtown San Diego with all the exciting construction and tech business coming there. Also, West Chula Vista and the Bayfront master plan are just South. This property has been divided into three units and is currently rented for a total of $3,940 per month. There is one 2 bedroom, 1 bath unit (~750 sq ft), one 1 Bed, 1 Bath unit (~500 sq ft) and one studio with 1 bathroom (~500 sq ft). The property also features the highest National City residential zoning status at RM-3 which could allow for adding units or building a larger new building on the site at a future date. BTVABCOE. This one won't last long.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/119737620
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    1006 Palm Ave National City, CA 91950

    • Price: $619,000
    • Status: PENDING
    • Updated: 9 min ago
    • ID#: 210021100
    3
    Beds
    3
    Baths
    0
    ½ Baths
    0.25
    Acres
    1,750
    SQFT
    $354
    $/SQFT
    1925
    Built
    Neighborhood:
    Plaza Blvd National City
    County:
    San Diego
    Area:
    National City (91950)
    Property Description
    Variance granted 2-4 units - permitted status unknown. Opportunity Zone! Excellent investment opportunity of 3 units in the heart of National City - one of the fastest growing and renewing cities in the county. This great location is near all the new construction and offerings in National City. It is also close to downtown San Diego with all the exciting construction and tech business coming there. Also, West Chula Vista and the Bayfront master plan are just South. This property has been divided into three units and is currently rented for a total of $3,940 per month. There is one 2 bedroom, 1 bath unit (~750 sq ft), one 1 Bed, 1 Bath unit (~500 sq ft) and one studio with 1 bathroom (~500 sq ft). The property also features the highest National City residential zoning status at RM-3 which could allow for adding units or building a larger new building on the site at a future date. BTVABCOE. This one won't last long.
    Exterior Features

    Exterior Stucco Fencing Partial Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Spaces Total Unit1 2.0 Parking Spaces Total Unit2 2.0 Parking Spaces Total Unit3 1.0 Parking Spaces Total Unit4 0.0 Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard No Units With Garages 0 Units With Patios 2

    Interior Features

    Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups No Units With Cooling 3 Units With Dishwashers 1 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 2

    Property Features

    Actual Cap Rate 5.35 Age Restrictions N/K Annual Expense Actual 14184 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community National City Complex Park Palm Units Cross Streets E 10th Gross Rent Multiplier Actual 13.09 Gross Scheduled Income Actual 47280 Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TvElectricity Terms CashConventional Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 C Unit1 Deposit 1795 Unit1 Occupied Tenant Unit1 Rent Actual 1495.0 Unit2 Deposit 1595 Unit2 Occupied Tenant Unit2 Rent Actual 1395.0 Unit3 Deposit 1350 Unit3 Occupied Tenant Unit3 Rent Actual 1050.0 Zoning R-4:Multip

    Listing provided courtesy of Balboa California Realty, Inc.. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101