Commercial: MLS #PTP2402453 National City, CA ^$ 850,000

Commercial: MLS #PTP2402453

^$ 850,000

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Commercial: MLS #PTP2402453

National City, CA, 91950

^$ 850,000

Studio Baths0.0 Sq 1,400

Monthly Estimate*

^$ 5,649

Listed by The Real Estate Agency

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Studio

Commercial Property for sale in National City, CA

for $850,000. This 1,400 square foot building was built in 1955.

Excellent Investment Opportunity! Current cap rate is 4.37% with the potential to increase it to a 6.5% cap rate. One block away from Highland Avenue. This property has two retail units, each at 700 square feet. The restaurant space rent has already been increased to market rate and the beauty saloon is currently below market rate with the ability to increase it to the same as the restaurant space now. This would bring you to the 6.5% cap rate. Tenants pay all their own utilities. Landlord pays taxes and insurance only.

Commercial Active

Price

^$ 850,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Retail

Year Built

1955

Town/City

National City

County/Region

San Diego

MLS | Web ID

PTP2402453

Days on Market

Features

General

Zoning Commercial

HOA 0.0

Year Built 1955

Property SubType Retail

County San Diego

Net Operating Income 35130.0

Operating Expense 8850.0

Insurance Expense 1500.0

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions highland ave

City National City

View Y/N N

Senior Community Y/N N

Total Units 2

MLS Area 91950 - National City

Private Pool N

Waterfront Y/N N

Carport Y/N N

Listing Terms Cash Conventional

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2303697

Days on Market 0

Standard Status Active

Year Built Source Assessor

Property Sub Type Additional Retail

Cap Rate 4.37

Exterior

Lot Features Item01UnitAcre

Total Parking 0.0

Lot Size Area 4522.0

Number of Buildings 1

Spa N

Building Area Total 1400.0

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Entry Level 1

Electric On Property Y/N N

Total Baths 0

* Excluded Features

List By

The Real Estate Agency

Broker

(619) 301-6537

Phone

Affordability Calculator

$5,649

Per Month

Monthly Principal & Interest: $5,649
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in National City, CA

Average List Price ^$579,737

Percent of Sale Price 32%

About National City, CA

64,767 Population

16% Since 2002

^$43,985 Median Income

32.43 Median Age

37% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/30/2024	$850,000		Listed Price

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*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/27/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Commercial: MLS #PTP2402453

Commercial Property for sale in National City, CA

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