National City, CA 91950,1019-49 E Ave
National City, CA 91950,1019-49 E Ave
National City, CA 91950,1019-49 E Ave
National City, CA 91950,1019-49 E Ave
National City, CA 91950,1019-49 E Ave
National City, CA 91950,1019-49 E Ave
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$3,836,000

$3,850,000

0.4%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 08/03/2023

Key Details

Sold Price $3,836,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 230002863

Sold Date 08/03/23

Acres 0.56

Property Description

DO NOT DISTURB TENANTS, SHOWN ONLY WITH ACCEPTED OFFER. E Ave Apartments is a charming value-add 16-unit cottage-style property for sale in the heart of National City in San Diego. Set in a desirable single-family layout, the property enjoys easy access to numerous retail shops and restaurants, Kimball Park, South Bay Military bases, and Interstate-5. E Avenue Apartments offers a rare design of eight duplexes, all with private patios. All buildings feature flat-roof style architecture with new exterior paint and gated patios for extra private space. Half of the units have been renovated, while the rest are untouched and have further room to improve and push rents closer to market. Behind 4 of the duplexes, there is additional room to either add on to the existing units or build laundry facilities on site. Any possible construction viability would need to be determined strictly by the buyer. The complex offers investors the opportunity to purchase a well-maintained property with tremendous upside in one of San Diego's most historic neighborhoods. Any investor will surely enjoy low vacancies, high rent growth and great cash flow for many years to come.

Location

State CA

County San Diego

Area National City (91950)

Exterior

Total Parking Spaces 14

Building

Story 1

Others

Space Rent $264,540

Financing Cash to New Loan

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San Diego Regional MLS (SDMLS)
Listed by Erik M Anderson • NorthMarq Multifamily
Bought with Seth R Watje • Starker West, Inc.
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1615 Murray Canyon Rd Suite 110, Diego, California, 92108, United States

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