Active
725-731 E 16th Street
National City CA, 91950
$1,395,000
$509.87 per sqft
Active
6 Beds
4 Baths
2,736 sqft
Multi-family
Built in 1959
Location, location.... this is what you've been waiting for with one of the best locations in National City! Amazingly LOW-MAINTENANCE 4-unit INCOME property in the heart of National City, featuring 2 two-bedroom/one-bath units and 2 one-bedroom/one-bath units. Two-car garage plus 4 off-street parking spaces. Generates $6786 in gross monthly rent from LONG-TERM Section 8 tenants, all of whom are single occupants. Incredibly stable income with 86% of the rent paid for by National City Housing Authority. Two tenants of 4+ years, two tenants of 25+ years... Looking for even MORE INCOME? Buyer MAY be able to convert the garage into an ADU/5th unit. Situated in a desirable location close to shopping, the post office, and dining amenities near Highland Ave. Owner may carry with 40% down. Shown ONLY with an accepted offer.
240020786
MLSⓇ ID
September 1, 2024
Listed
September 19, 2024
Updated
Map
725-731 E 16th Street
National City CA, 91950
Interior Features
Total Stories
2
Bedrooms
6
Total Bathrooms
4
Full Bathrooms
4
Appliances
Gas Water Heater, Range/Oven, Refrigerator
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Natural Gas, Wall/Gravity
Exterior/Building Features
Lot Size
0.15 Acres
Lot Features
Curbs, Sidewalks
Roof
Composition
School Information
School District
National School District
Other Property Details
Area Name
South Bay
Days on Market
18
Garage
Yes
Parking
Garage, Non-Garage(Assigned)
View
Yes
View Description
City
County
San Diego
Water Source
Meter on Property
Pool
No
Pool Features
None
Zoning
RES-MULTI
Listed by Berkshire Hathaway HomeServices California Properties, Gregg R Neuman,
Listing Contact: 619-595-7025
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Data last updated 1:48 PM UTC, 9/19/2024
