National City, CA 91950,1227 Coolidge Ave
National City, CA 91950,1227 Coolidge Ave
National City, CA 91950,1227 Coolidge Ave
9
$1,900,000
$2,200,000
13.6%
Est.Price: ?

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8,455 Sqft Lot

1227 Coolidge Ave National City, CA 91950

Est. payment /mo
SOLD DATE : 04/12/2024

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Key Details

Sold Price $1,900,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 240004358

Sold Date 04/12/24

Lot Size 8,455 Sqft

Property Description

BRING ALL OFFERS-SELLER IDENTIFIED UPLEG. Value add opportunity for an investor at a competitive price per unit. Rents are under market and a buyer can potentially achieve 7%+ cap rate on ProForma Rents. The subject property is situated on a 8,455 square foot lot and is comprised of ten (10), 1BR/1BT units totaling approximately 4,928 rentable square feet. Tenants also enjoy a large courtyard in front with on-site laundry facilities and sits on a large corner lot of 8,712 sq ft. In addition, there are 2 units that are single story with the ability to add outdoor areas in order to increase rents.

Location

State CA

County San Diego

Area National City (91950)

Zoning M

Building

Story 2

Lot Size Range .25 Acres or less

Others

Space Rent $160,212

Financing Cash to New Loan

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San Diego Regional MLS (SDMLS)
Listed by Jordan A Concepcion • Keller Williams Realty
Bought with Jordan A Concepcion • Keller Williams Realty

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KayLani Rapp

Broker Associate | DRE#01306285

+1(949) 338-5615

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