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721 E 22nd Street
OTHER National City 91950

$2,195,000
2-4 Units 7,636 sq. ft.

Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
306150548
Incredible 4 unit opportunity in National City with strong rents in place. Property consists of 2 structures. Original 1-story home was taken down to the studs in 2022 and legally split into a 3 bed/2 bath PLUS a separate 1 bed/1 bath unit. 2nd structure was built from the ground up in 2022 and consists of two 3 bed/3 bath 2-story units with large view balconies. 7 off-street parking spaces combined, tenants pay all utilities, laundry in each unit, units are all professionally managed. CAP rate of 4.28 and total combined rents of $12,445 per month. All the work here has already been done!
Total Floor Area:
7,636 sq. ft.
Lot Size:
7,500-10,889 SF
Lot Size:
7,636.07 sq. ft.
Number of Buildings:
2
Number of Units:
4
Total Stories:
3
Market Area:
OTHER
County:
San Diego
Neighborhood Code:
National City
Home Owner Fees:
0.0
Mello Roos Fee:
0.0
Annual expense actual:
46769
Cap Rate.:
4.28
Gross scheduled income:
149340
Unit Number for Unit 1:
1
Bedrooms for Unit 1:
3
Number of bathrooms for Unit 1:
2
Total Rent for Unit 1:
3750.0
Unit Number for Unit 2:
2
Bedrooms for Unit 2:
1
Number of bathrooms for Unit 2:
1
Total Rent for Unit 2:
1995.0
Unit Number for Unit 3:
3
Bedrooms for Unit 3:
3
Number of bathrooms for Unit 3:
3
Total Rent for Unit 3:
3350.0
Unit Number for Unit 4:
4
Bedrooms for Unit 4:
3
Number of bathrooms for Unit 4:
3
Total Rent for Unit 4:
3350.0
Incredible 4 unit opportunity in National City with strong rents in place. Property consists of 2 structures. Original 1-story home was taken down to the studs in 2022 and legally split into a 3 bed/2 bath PLUS a separate 1 bed/1 bath unit. 2nd structure was built from the ground up in 2022 and consists of two 3 bed/3 bath 2-story units with large view balconies. 7 off-street parking spaces combined, tenants pay all utilities, laundry in each unit, units are all professionally managed. CAP rate of 4.28 and total combined rents of $12,445 per month. All the work here has already been done!
Site Influences:
Corner Lot, Sidewalks
Directions:
GPS
Pool:
N/K
Roof:
Composition
Listing Type:
Exclusive Right (R)
Terms:
Cash, Conventional
Assessments:
N/K
Parcel Number:
5603201900
Listed by Keller Williams RealtyLa Jolla
Data was last updated June 15, 2024 at 01:10 AM (UTC)
Area Statistics
Listings on market:
2,606
Avg list price:
$1,250,000
Min list price:
$139,000
Max list price:
$32,000,000
Avg days on market:
65
Min days on market:
1
Max days on market:
3,740
Avg price per sq.ft.:
$172.27
These statistics are generated based on the current listing's property type and located in OTHER. Average values are derived using median calculations.
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