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520 F Ave National City, CA 91950
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Key Details
Sold Price $1,220,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision National City
MLS Listing ID 220003847
Sold Date 03/18/22
Bedrooms 5
Full Baths 4
HOA Y/N No
Year Built 1993
Property Description
Rare opportunity to own a fantastic Victorian 4 unit property in the heart of National City Historic District! Rental rates and projected rental rates make this building a very lucrative long-term investment. Additionally, you can easily apply for the Mills Act to save BIG on property taxes. The building has been well maintained and 3 of the 4 units have been recently renovated including new kitchens, flooring, and bathrooms. The property consists of one 2 bedroom 1 bathroom unit as well as three 1 bedroom 1 bathroom units. The central location is highly desirable and is close to Downtown, shopping, restaurants, entertainment, Naval Bases, and schools making the property easily rentable. This will be perfect to add to an investor's portfolio or for a 1st-time landlord where you can live in one unit for free and have your tenants pay the mortgage.
Location
State CA
County San Diego
Community National City
Area National City (91950)
Building/Complex Name National City
Exterior
Exterior Feature Wood/Stucco
Fence Partial
Roof Type Rolled/Hot Mop
Building
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $1,040
Listing Terms Cash, Conventional
Financing Conventional
Read Less
Bought with John Rinaldi • Apropos