1227 Coolidge Ave

    National City, CA 91950
    • $1,600,000
    • STATUS: ACTIVE
    • ON SITE: 18 days
    • ID#: 180048863
    UPDATED: 49 min ago
    $1,600,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Value add opportunity for an investor at a competitive price per unit. Owner has sent out rent increases for all units to be at $1050 per month. The subject property is situated on a 8,455 square foot lot and is comprised of ten (10), 1BR/1BT units totaling approximately 4,928 rentable square feet. Tenants also enjoy a large courtyard in front with on-site laundry facilities.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc.
    www.triolorealty.com/homes/87095679

    1227 Coolidge Ave National City, CA 91950

    • Price: $1,600,000
    • Status: ACTIVE
    • Updated: 49 min ago
    • ID#: 180048863
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    Neighborhood:
    National City (91950)
    County:
    San Diego
    Area:
    National City (91950)
    Property Description
    Value add opportunity for an investor at a competitive price per unit. Owner has sent out rent increases for all units to be at $1050 per month. The subject property is situated on a 8,455 square foot lot and is comprised of ten (10), 1BR/1BT units totaling approximately 4,928 rentable square feet. Tenants also enjoy a large courtyard in front with on-site laundry facilities.
    Exterior Features

    Carports 0 Units With Garages 0

    Interior Features

    Baths Unit1 1 Bedrooms Unit1 1 Sq Ft Of Improvement 4928

    Property Features

    Actual Gross Scheduled Income 104700 Actual Operating Expense 42615 Assumable Finance 0 Buildings 3 Gross Equity 1040000 Gross Multiplier 15.37 Have Apartment Mandatory Remarks None Known Market Area South Bay Monthly Rent Total 8675 Motive Want Sell Other Income Amount 50 Other Income Source Laundry Projected Cap Rate 5.01 Projected Gross Multiplier 12.70 Projected Gross Scheduled Inc 126000 Projected Net Income 80205 Projected Operating Expense 42615 Projected Other Income 600 Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 10 Unit Rent Total1 8675 Unit Rent1 $867 (Notices For $1050) Zoning M

    Listing provided courtesy of Keller Williams Carmel Valley. Listing information © 2018 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc.
     
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    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130