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National City, CA 91950,725 731 E 16th Street
National City, CA 91950,725 731 E 16th Street
National City, CA 91950,725 731 E 16th Street
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$1,395,000
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6,342 Sqft Lot
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725 731 E 16th Street National City, CA 91950

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

+1(424) 242-8856

UPDATED:

11/05/2024 12:11 AM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision National City

MLS Listing ID 240020786SD

HOA Y/N No

Year Built 1959

Lot Size 6,342 Sqft

Property Description

**Owner may carry with 40% down** Great for a 1031 exchange! 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 $7173 in gross monthly rent from LONG-TERM Section 8 tenants, all of whom are single occupants. Incredibly stable income with appx 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. Shown ONLY with an accepted offer. All of the units have separate gas and electricity meters. Owner pays the water bill --averaging a total of $65 per month! Very low maintenance lot with nicely paved driveway and parking spaces, and very little landscaping to worry about. The 2-car garage has been partitioned, and is used by one tenant for laundry and storage, while the owner uses the majority of the garage space for personal storage. Do the same, or generate even more income by leasing out the garage. Note: The vacant lot behind the property is NOT part of the sale -- it belongs to another owner. There is some space behind the garage that belongs to this property, but not much space.

Location

State CA

County San Diego

Area 91950 - National City

Building/Complex Name 16th / Highland - National City

Zoning RES-MULTI

Interior

Heating Natural Gas

Cooling None

Fireplace No

Appliance Gas Water Heater

Exterior

Fence Partial

Pool None

View Y/N Yes

Roof Type Composition

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

Others

Senior Community No

Tax ID 5601312000

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

California Regional MLS (CRMLS)
Listed by Gregg Neuman • Berkshire Hathaway HomeServices California Properties

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Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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725 731 E 16th Street

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