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Property for sale: 721 E 22nd Street in National City

721 E 22nd Street National City

$2,395,000
Prop. Type:
2-4 Units
MLS® Num:
306150548
Status:
Active
Incredible 4 unit opportunity in National City with strong rents in place. Property consists of 2 structures. Original 1-story home was taken down to the studs in 2022 and legally split into a 3 bed/2 bath PLUS a separate 1 bed/1 bath unit. 2nd structure was built from the ground up in 2022 and consists of two 3 bed/3 bath 2-story units with large view balconies. 7 off-street parking spaces combined, tenants pay all utilities, laundry in each unit, units are all professionally managed. CAP rate of 4.28 and total combined rents of $12,445 per month. All the work here has already been done!
Total Floor Area:
Switch units of measure7,636 sq. ft.
Lot Size:
7,500-10,889 SF
Lot Size:
Switch units of measure7,636.07 sq. ft.
Number of Buildings:
2
Number of Units:
4
Total Stories:
3
Market Area:
OTHER
County:
San Diego
Neighborhood Code:
National City
Home Owner Fees:
0.0
Mello Roos Fee:
0.0
Annual expense actual:
46769
Cap Rate.:
4.28
Gross scheduled income:
149340
Unit Number for Unit 1:
1
Bedrooms for Unit 1:
3
Number of bathrooms for Unit 1:
2
Total Rent for Unit 1:
3750.0
Unit Number for Unit 2:
2
Bedrooms for Unit 2:
1
Number of bathrooms for Unit 2:
1
Total Rent for Unit 2:
1995.0
Unit Number for Unit 3:
3
Bedrooms for Unit 3:
3
Number of bathrooms for Unit 3:
3
Total Rent for Unit 3:
3350.0
Unit Number for Unit 4:
4
Bedrooms for Unit 4:
3
Number of bathrooms for Unit 4:
3
Total Rent for Unit 4:
3350.0
Incredible 4 unit opportunity in National City with strong rents in place. Property consists of 2 structures. Original 1-story home was taken down to the studs in 2022 and legally split into a 3 bed/2 bath PLUS a separate 1 bed/1 bath unit. 2nd structure was built from the ground up in 2022 and consists of two 3 bed/3 bath 2-story units with large view balconies. 7 off-street parking spaces combined, tenants pay all utilities, laundry in each unit, units are all professionally managed. CAP rate of 4.28 and total combined rents of $12,445 per month. All the work here has already been done!
Site Influences:
Corner Lot, Sidewalks
Directions:
GPS
Pool:
N/K
Roof:
Composition
Listing Type:
Exclusive Right (R)
Terms:
Cash, Conventional
Assessments:
N/K
Parcel Number:
5603201900
Listed by Keller Williams RealtyLa Jolla
Data was last updated May 9, 2024 at 07:10 AM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty
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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 Multiple Listing Service, Inc. 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 Multiple Listing Service, Inc.

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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 Multiple Listing Service, Inc. 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 Multiple Listing Service, Inc.