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721-27 E 22nd S
South Bay National City 91950

$2,188,900
2-4 Units built: 2023

Main Photo: NATIONAL CITY Property for sale: 721-27 E 22nd S
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Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
240018189
Year Built:
2023
Discover an exceptional investment opportunity with this stunning 4-plex, perfectly situated close to downtown, beautiful beaches, and military bases. This property offers an excellent unit mix, catering to a variety of tenant needs. The property includes two 3-bedroom, 3-bathroom units, both new construction finished in 2023, a 3-bedroom, 2-bathroom unit, and a 1-bedroom, 1-bathroom unit that have both been extensively renovated and complete in 2023 as well. Conveniently located near downtown, it provides easy access to shopping, dining, and entertainment. It's also just minutes away from pristine beaches, ideal for enjoying coastal living, and in close proximity to military bases, making it a perfect choice for military personnel and their families. These modern, well-maintained units feature spacious living areas and open floor plans designed for comfort and functionality. Located in a high-demand rental area, this property ensures a steady income stream. Don't miss out on this prime investment property that combines a versatile unit mix with a highly desirable location.
Lot Size:
7,500-10,889 SF
Number of Buildings:
2
Number of Units:
4
Year Built:
2023
Stories:
Other/Remarks
Market Area:
South Bay
Community:
NATIONAL CITY
County:
San Diego
Neighborhood Code:
National City
Name of Complex/Subdivision:
NA
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
N/K
Other income:
0
Annual expense actual:
45864
Projected annual expense:
45864
Cap Rate.:
4.78
Projected Cap Rate.:
5.46
Gross Rent Multiplier:
14.54
Projected Gross Rent Multiplier:
13.22
Gross scheduled income:
150540
Projected gross scheduled income:
165594
Finished Area for Unit 1:
1,153 sq. ft.
Bedrooms for Unit 1:
3
Number of bathrooms for Unit 1:
3
Full Bathrooms for Unit 1:
3
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
3500.0
Total Rent for Unit 1:
3400.0
Projected Rent for Unit 1:
3740.0
Unit 1 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 1:
Yes
Finished Area for Unit 2:
1,153 sq. ft.
Bedrooms for Unit 2:
3
Number of bathrooms for Unit 2:
3
Full Bathrooms for Unit 2:
3
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
3400.0
Total Rent for Unit 2:
3400.0
Projected Rent for Unit 2:
3740.0
Unit 2 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 2:
Yes
Finished Area for Unit 3:
599 sq. ft.
Bedrooms for Unit 3:
1
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
1995.0
Total Rent for Unit 3:
1995.0
Projected Rent for Unit 3:
2194.0
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
Yes
Finished Area for Unit 4:
1,201 sq. ft.
Bedrooms for Unit 4:
3
Number of bathrooms for Unit 4:
2
Full Bathrooms for Unit 4:
2
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
3750.0
Total Rent for Unit 4:
3750.0
Projected Rent for Unit 4:
4125.0
Unit 4 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 4:
Yes
G Ave
Exterior Features:
Stucco, Wood
Directions:
GPS
Cooling:
Other
Number of Units with Cooling:
4
Number of Units with Dishwashers:
4
Number of Units with Dryers:
4
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
0
Number of Units with Patios:
2
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
4
Number of Units with Washers:
0
Roof:
Composition
Security:
N/K
Fencing:
Partial
Short Sale:
No
Listing Type:
Exclusive Agency (A)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cal Vet, Cash, Conventional, Exchange, FHA, VA
Parcel Number:
560-320-19-00
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Listed by Douglas Elliman of California, Inc.
Data was last updated November 11, 2024 at 07:10 PM (UTC)
Area Statistics
Listings on market:
35
Avg list price:
$1,395,000
Min list price:
$699,999
Max list price:
$4,000,000
Avg days on market:
41
Min days on market:
5
Max days on market:
237
Avg price per sq.ft.:
$201.97
These statistics are generated based on the current listing's property type and located in South Bay. Average values are derived using median calculations.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.