Listing provided courtesy of Gregg Neuman of Berkshire Hathaway HomeServices California Properties. Last updated 2024-09-20 09:14:40.000000. Listing information © 2024 Sandicor.
Asking Price: $1,395,000 | Active
725-731 E 16th Street, National City CA 91950
Community: 16th / Highland - National City
This Res Income 2-4 Units property was built in 1959 and is priced at $1,395,000. Please see the additional details below.
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 $6786 in gross monthly rent from LONG-TERM Section 8 tenants, all of whom are single occupants. Incredibly stable income with 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. Owner may carry with 40% down. Shown ONLY with an accepted offer.
