National City, CA 91950,617-625 A Avenue
National City, CA 91950,617-625 A Avenue
National City, CA 91950,617-625 A Avenue
8
$1,495,000
$1,495,000
Est.Price: ?

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617-625 A Avenue National City, CA 91950

Est. payment /mo
SOLD DATE : 09/15/2023

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Key Details

Sold Price $1,495,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 230014262

Sold Date 09/15/23

Property Description

The A Ave apartments consist of three standalone homes with a 4BR/1BA, 3BR/1BA and 2BR/1BA and a duplex along the alley containing two 2BR/1BA units. This property is well located in northwest National City with numerous nearby amenities along National City Blvd. The asset has plenty of yard space and is well laid out on the 9,028sqft lot. Tenants enjoy bigger than average units with 3,992 sqft of improved space. Other property features include full fencing, in unit laundry for the three homes, pitched roofs, two single car garages as well as two surface parking spaces. An abundance of additional pull in parking is provided along A Ave. This investment has SIGNIFICANT upside through an extensive remodel, rents are currently well below what the area will support for a renovated unit. The garages could capture additional upside if converted to ADU’s. Seller Financing is available! *** Seller will consider a high leverage LTV, initial interest only term - converting to long term amortization at an adjustable rate. The seller is willing to negotiate and will compete with market rate and terms. Contact agent for details.

Location

State CA

County San Diego

Area National City (91950)

Building

Story 2

Others

Space Rent $88,920

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San Diego Regional MLS (SDMLS)
Listed by Sean Bascom • South Coast Commercial, Inc.
Bought with Sean Bascom • South Coast Commercial, Inc.

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KayLani Rapp

Broker Associate | DRE#01306285

+1(949) 338-5615

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