2027 31 E Avenue, National City, CA 91950
- $1,599,000
- List Price
- $1,599,000
- Status
- ACTIVE
- MLS#
- PTP2606983
- Year Built
- 1950
- Lot Size
- 7,815
- Acres
- 0.18
- Lot Location
- 0-1 Unit/Acre, Back Yard
- Days on Market
- 16
- Property Type
- Multifamily
Property Description
Income-producing investment opportunity in centrally located National City! Reported annual rental income of $127,200 and operating expenses of $23,563 yield an estimated annual NOI of $103,637. A recent appraisal valued the property at $1,550,000, representing an approximately 6.69% NOI yield on appraised value before debt service. The appraisal confirmed approximately 3,292 square feet of combined living area across four residences: three 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit. Situated on a 7,815-square-foot lot with on-site parking for up to six vehicles, the property offers multiple rental income streams and the flexibility to explore living in one residence while renting the others. Conveniently located near parks, schools, grocery stores, dining and Plaza Bonita, with easy access to I-5, I-805 and SR-54.
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $127,200
- Operating Expense
- 23562
Listing courtesy of Listing Agent: Alex Ortega (alex@theortegateam.com) from Listing Office: Premier Agency R.E. Inc.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . 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.