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National City, CA 91950

$850,000

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Presented By: John Van Tassel with The Real Estate Agency; johnvantassel@yahoo.com
  • MLS# PTP2402453
  • 04/30/2024
  • Request Tour
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  • FootageSQFT • 1,400

Home Details

Excellent Investment Opportunity! Current cap rate is 4.37% with the potential to increase it to a 6.5% cap rate. One block away from Highland Avenue. This property has two retail units, each at 700 square feet. The restaurant space rent has already been increased to market rate and the beauty saloon is currently below market rate with the ability to increase it to the same as the restaurant space now. This would bring you to the 6.5% cap rate. Tenants pay all their own utilities. Landlord pays taxes and insurance only.
Presented By: John Van Tassel with The Real Estate Agency; johnvantassel@yahoo.com

Interior Features for

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Total Stories1

Other Rooms

Entry Level1

General for

Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.37
Carport Y/NNo
CityNational City
CountySan Diego
Days on Market
Directionshighland ave
Electric Expense0.0
Garage Y/NNo
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense1500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional
MLS Area91950 - National City
MobileHomeRemainsYNNo
Net Operating Income35130.0
New ConstructionNo
Operating Expense8850.0
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalRetail
Property SubTypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Total Units2
Trash Expense0.0
View Y/NNo
Virtual TourClick here
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1955
Year Built SourceAssessor
ZoningCommercial

Exterior for

Building Area Total1400.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Area4522.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
SpaNo
Total Parking0.0

Additional Details

Price History

1527188455

First Team Client Services

Price $850,000
MLS#PTP2402453
List Date 04/30/2024
Property Type Commercial
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors