915 N Ave

    National City, CA 91950
    • $2,699,000
    • STATUS: ACTIVE
    • ON SITE: 154 days
    • ID#: 180033052
    UPDATED: 64 min ago
    $2,699,000
    • 3
      BEDS
    • 0.2
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Price Reduced!! 6% Cash on Cash Return on ACTUALS! This property has undergone extensive renovations which is reflected in the current rental income. These efficient 1Br/1Ba units are averaging $1,173 per unit with potential upside. Situated on a 8,700 SF lot the property offers off street parking and is located near transportation, shopping, and the 805 Frwy. Attractive I/O assumable financing. Seller has found Upleg - Bring offers.

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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. Licensed in the state of California.
    www.triolorealty.com/homes/84751470

    915 N Ave National City, CA 91950

    • Price: $2,699,000
    • Status: ACTIVE
    • Updated: 64 min ago
    • ID#: 180033052
    3
    Beds
    3
    Baths
    0
    ½ Baths
    0.2
    Acres
    Neighborhood:
    National City (91950)
    County:
    San Diego
    Area:
    National City (91950)
    Property Description
    Price Reduced!! 6% Cash on Cash Return on ACTUALS! This property has undergone extensive renovations which is reflected in the current rental income. These efficient 1Br/1Ba units are averaging $1,173 per unit with potential upside. Situated on a 8,700 SF lot the property offers off street parking and is located near transportation, shopping, and the 805 Frwy. Attractive I/O assumable financing. Seller has found Upleg - Bring offers.
    Exterior Features

    Parking Spaces Total 14

    Interior Features

    Sq Ft Of Improvement 7700 Units With Ranges 14 Units With Refrigerators 14

    Property Features

    1st Loan Assumable Y 1st Loan Balance 1547000 1st Loan Interest 3.930 Actual Cap Rate 4.8 Actual Cash Flow 69055 Actual Cash On Cash 6 Actual Gardener Expense 600 Actual Gas And Electric 3666 Actual Gross Operating Income 191152 Actual Gross Scheduled Income 197064 Actual Maintenance Expense 7500 Actual Operating Expense 61300 Actual Pest Control Expense 444 Actual Prop Management 9558 Actual Total Expense 62159 Actual Trash Expense 1440 Actual Vacancy And Credit Loss 5912 Actual Water Sewer Expense 5061 Assumable Finance 1547000 Buildings 1 Gross Equity 1152000 Gross Multiplier 13.7 Have 14 Apartments Leased Apartments 14 Mandatory Remarks None Known Market Area South Bay Monthly Rent Total 16422 Motive Want 1031 Other Income Actual 0 Other Income Source 0 Projected Cap Rate 5.6 Projected Cash Flow 89751 Projected Cash On Cash 7.8 Projected Fl Ins Expense 2533 Projected Fl Ins Expense1 2533 Projected Gardener Expense 600 Projected Gas And Electric 3666 Projected Gross Multiplier 12.4 Projected Gross Operating Inc 211848 Projected Gross Scheduled Inc 218400 Projected Maintenance Expense 7500 Projected Net Income 150548 Projected Operating Expense 61300 Projected Other Income 0 Projected Pest Expense 444 Projected Property Mgmt Expense 9558 Projected Taxes Expense 30499 Projected Total Expense 62159 Projected Trash Expense 1440 Projected Vacancy And Credit Loss 6552 Projected Water And Sewer Expense 5061 Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Unit Number1 5 Unit Number2 4 Unit Number3 5 Unit Rent Total1 5250 Unit Rent Total2 4900 Unit Rent Total3 6250 Unit Rent1 1050 Unit Rent2 1225 Unit Rent3 1250

    Listing provided courtesy of South Coast Commercial, Inc.. 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. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130