High Cap Rate & VA-Approved. UPGRADED & REMODELED FOURPLEX IN THE BOOMING RENTAL MARKET OF NATIONAL CITY! Very High Income, Cash Cow! This fully renovated 4-unit investment property offers a turnkey opportunity for first-time homebuyers or savvy investors seeking strong rental income. Boasting a high cap rate, this VA-approved property… Read More is perfect for veterans looking to own an income-generating asset. The property consists of four beautifully upgraded units. Two of the units are 1-bedroom, 1-bath cottages (407 sq. ft. and 600 sq. ft.), while the other two units offer more space, including a 1-bedroom, 1-bath unit with an extra optional bedroom (856 sq. ft.) and a 2-bedroom, 2-bath unit (885 sq. ft.). Each unit has been fully upgraded with brand-new kitchens, bathrooms, hardwood flooring, fencing, landscaping, and fresh paint throughout. The front structure features new construction, with completely replaced foundation, electrical, and plumbing in the front-right unit. Every unit is equipped with brand-new AC mini-splits and washer/dryer units for maximum comfort and convenience. The property is low maintenance with excellent security, featuring circle security cameras on each unit and two gated entrances—one in the front and one in the back. It also offers four assigned parking spaces, with plenty of additional street parking. The largest unit has in-unit washer/dryers, while others use a community laundry room. Located just 7 miles from downtown San Diego, National City is a prime rental location with easy access to Coronado Bridge, San Diego Bay, and the 5 Highway. The area offers the perfect balance of city and suburban living, with a strong military presence due to the Naval Base San Diego. Nearby amenities include Kimball Park, just an 11-minute walk away, which features baseball and softball fields, a picnic area, and a skate park. Dorothy Petway Neighborhood Park, just a 2-minute drive away, offers a playground, trails, and picnic areas. Paradise Creek Educational Park, only 3 minutes away, provides scenic walking trails and a playground. The property is also in close proximity to major public transportation, with a 2-minute walk to bus stops, walking distance to Subway, and just a 12-minute drive to San Diego International Airport. Don't miss this exceptional investment opportunity in one of San Diego’s fastest-growing rental markets! Read Less
Property listed by AK Broker, Ava Khamooshi 619-212-0856
Listing Snapshot
Days Online
69
Last Updated
Property Type
Other
Lot Size
0.14 Acres
Year Built
1940
MLS Number
NDP2501848
30 Days Snapshot Of 91950
$774k
+5%
(avg) sold price
10
0%
homes sold
94
+64%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1940, Building area total: 2,767, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Urban
Expenses
Insurance expense: $19,000, New taxes expense: $20,000, Operating expense: $34,000
Garage
2 spaces
Income
Gross income: $122,340, Net operating income: $88,340
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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