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$ 1,150,000
Est. payment /mo
Pending
1426 E 16th Street National City, CA 91950
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 260008422SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
1426 E 16th Street presents a rare opportunity to acquire a 5 unit multifamily property in National City with strong value add potential and future development upside. The property consists of five 1 bedroom 1 bathroom units situated on a large 10,075 square foot RS 2 zoned lot. A new owner will have the ability to begin improvements on multiple units in the near term, allowing for an accelerated repositioning strategy and increased rental income. Current rents in the occupied income producing units are below market, creating a clear path to upside through interior renovations. The large lot and zoning may also provide future expansion or development potential, offering multiple strategies for a new owner to explore. Conveniently located near Interstate 5, Downtown San Diego, and major retail corridors, the property benefits from strong rental demand and continued growth in the surrounding area.
Location
State CA
County San Diego
Area 91950 - National City
Interior
Fireplace No
Others
Tax ID 5611102100
Virtual Tour https://www.propertypanorama.com/instaview/snd/260008422
Listed by Jordan Concepcion Apartment Realty Group (ARG) #01936834