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519 Highland Ave

National City, CA 91950
  • $899,000
  • STATUS: ACTIVE
  • ON SITE: 29 Days
  • ID#: 240011470
UPDATED: 133 min ago
$899,000
  • 5
    BEDS
  • 0.12
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,955
    SQFT
  • $460
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1937
County:

School Ratings & Info

Description

Attention Investors, owner-users or developers! Rare opportunity to own two residential and two commercial units in the heart of National City's busiest commercial corridor. Huge upside potential and great street frontage in an opportunity zone. This value add opportunity is located on a large lot with flexible Mixed-Use Zoning. Tear it down and build up to 11 residential units and a restaurant, or keep existing structures. Residential units - 1 - 2Bed/1Bath house, and 1 - Studio. Commercial units - 2 street frontage spaces, including a successful hair salon. Be a part of South Bay's booming growth and thriving community, while taking advantage of opportunity zones before they expire. 90 walk score!

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San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/150826072
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519 Highland Ave National City, CA 91950

  • Price: $899,000
  • Status: ACTIVE
  • On Site: 29 Days
  • Updated: 133 min ago
  • ID#: 240011470
5
Beds
2
Baths
0
½ Baths
0.12
Acres
1,955
SQFT
$460
$/SQFT
1937
Built
Neighborhood:
Patricks Subdivision
County:
San Diego
Area:
National City (91950)
Property Description
Attention Investors, owner-users or developers! Rare opportunity to own two residential and two commercial units in the heart of National City's busiest commercial corridor. Huge upside potential and great street frontage in an opportunity zone. This value add opportunity is located on a large lot with flexible Mixed-Use Zoning. Tear it down and build up to 11 residential units and a restaurant, or keep existing structures. Residential units - 1 - 2Bed/1Bath house, and 1 - Studio. Commercial units - 2 street frontage spaces, including a successful hair salon. Be a part of South Bay's booming growth and thriving community, while taking advantage of opportunity zones before they expire. 90 walk score!
Exterior Features

Exterior Stucco Fencing Full Frontage Other/Remarks Irrigation Other/Remarks Parking For RV None Known Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Non Garage Desc Unit1 None Known Parking Non Garage Desc Unit2 None Known Parking Non Garage Desc Unit3 None Known Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof CompositionConcrete Spa N/K Spa Heat None Known Topography Other/Remarks Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 3 View City

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 1 Half Baths Unit2 0 Half Baths Unit3 1 Half Baths Unit4 0 Heat Equipment Other/Remarks Heat Source Other/Remarks Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Unit3 Laundry Hook Ups No Unit4 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 1 Units With Refrigerators 2 Units With Washers 0 Water Heater Type Gas

Property Features

Actual Cap Rate 6.3 Additional Property Use ORMKS Age Restrictions N/K Annual Expense Actual 16400 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community NATIONAL CITY Complex Features Other/Remarks Complex Park None Cross Streets E 5th St Gross Rent Multiplier Actual 12.29 Gross Scheduled Income Actual 4900 Gross Scheduled Income Project 6100 Home Owners Assoc Fee Includes N/K Home Owners Fee Reflects None Known Home Owners Fees 0.0 Mandatory Remarks None Known Market Area South Bay Miscellaneous Other/Remarks Monthly Total Fees 0 Net Operating Income Projected 56800 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Pets Yes Possession Other/Remarks Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays TrashWaterElectricityGas/PropaneHot Water Terms CashExchangeOther/Remarks Unit Number For Unit1 519 Unit Number For Unit2 519.5 Unit Number For Unit3 521 Unit Number4 521.5 Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 1200.0 Unit1 Rent Actual 0.0 Unit2 Deposit 1850 Unit2 Occupied Tenant Unit2 Projected Rent 2850.0 Unit2 Rent Actual 2600.0 Unit3 Deposit 2400 Unit3 Occupied Tenant Unit3 Projected Rent 1320 Unit3 Rent Actual 1200.0 Unit4 Deposit 1100 Unit4 Occupied Tenant Unit4 Projected Rent 1210 Unit4 Rent Actual 1100.0 Water Meter on Property Zoning MXC-1

San Diego MLS logo Listing provided courtesy of Stephanie Martinez Guajardo of Coldwell Banker Realty: 858-254-4544. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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