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[Address not provided], National City, CA 91950
$850,000
[Address not provided], National City, CA 91950View this property at [Address not provided], National City, CA 91950
[Address not provided]National CityCA91950
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Property Description
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.
Full Property Details
Full Property Details for MLS# PTP2402453
General
- Price: $850,000
- Status: Active
- Type: Retail
- MLS ID: PTP2402453
- Updated: 4/30/2024
- Days on Market: 21 days
- Added to Site: 21 day(s) ago
Location
- County: San Diego
- Driving Directions: highland ave
Structural Information
- # Buildings: 1
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 1400
- Square Feet: 1,400
- Year Built: 1955
- Year Built Source: Assessor
Lot Features
- Lot Size Source: Assessor
- Lot Features: 0-1 Unit/Acre
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $607
- Expenses: $8,850
- Operating Expenses: $8,850
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Property ID: 5611720100
Listed by The Real Estate Agency, JohnVan Tassel and OliverValenzuela
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Schools
Schools serving MLS# PTP2402453
School Districts:National Elementary School District, Sweetwater Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
1900 E 18th St, National City, CA 91950 | K-6 | 0.6 mi | |
1701 D Ave, National City, CA 91950 | 7-8 | 0.3 mi | |
2900 Highland Ave, National City, CA 91950 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for MLS# PTP2402453
Date
Details
Price
Change
Source
4/30/2024
Listed
$850,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for MLS# PTP2402453
Year
Property Taxes
Change
Tax Assessment
Change
2023
$35,420
3%
$2,650,000
—
2022
$34,385
2%
$2,650,000
—
2021
$33,764
-11%
$2,650,000
-12%
2020
$37,870
-10%
$3,000,000
-13%
2019
$41,935
—
$3,445,508
2%
2018
$41,846
1%
$3,377,950
2%
2017
$41,442
3%
$3,311,717
2%
2016
$40,157
11%
$3,246,782
2%
2015
$36,341
5%
$3,198,014
2%
2014
$34,642
-14%
$3,135,370
—
2013
$40,497
—
$3,121,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for MLS# PTP2402453
MLS# PTP2402453, National City, CA 91950 (MLS# PTP2402453) is a Retail property. MLS# PTP2402453 is currently listed for $850,000 and was received on April 30, 2024. Want to learn more about MLS# PTP2402453? Do you have questions about finding other Retail real estate for sale in National City? You can browse all National City real estate or contact a Coldwell Banker agent to request more information.