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Investment Potential: The property is zoned MCR-2 Multi-Use Commercial-Residential (45 du/ac max) to allow the addition of up to 3 more units on top of the RETAIL building, offering significant expansion opportunities. Unit 1329: Recently remodeled in 2020, this unit is currently generating $2,350 per month. The tenants have been there for 6 months and are on a month-to-month lease. Unit 1333: A long-term tenant has enjoyed this unit for over 17 years. This Section 8 tenant pays approximately $1,700 per month. Commercial Building: The front commercial space has a reliable tenant who has been in place for over 5 years, paying $2,000 per month. He is in month to month and willing to increase the rent Located on one of the busiest streets in San Diego County, this property offers a fantastic mix of residential income and commercial potential. Situated across from Walmart, the residential units are set back from the street, providing a peaceful environment. Don’t miss out on this versatile property with great rental income and future development potential! Verify all information before Close of Escrow (COE). Property Overview: Charming property on Highland Ave in National City, featuring two 2-bed, 1-bath cottages with private yards and a commercial building with a successful appliance repair business. This unique offering combines residential comfort with commercial potential, providing steady rental income and future development opportunities. Residential Units: Unit 1329: Remodeled in 2020, earning $2,350/month. Current tenants are on a month-to-month lease. Unit 1333: Long-term Section 8 tenant, paying $1,700/month for over 17 years, ensuring stable rental income. Commercial Building: Current Use: Occupied by a thriving appliance repair business, generating $2,000/month. Potential: Located in a high-traffic area with visibility and accessibility. Development Opportunities: Zoning: Allows for up to 3 additional residential units, making a total of 6 units possible. This zoning flexibility offers significant growth potential. Location: Highland Ave: High visibility, across from Walmart. Residential units are set back for a quiet living environment despite the busy area. Accessibility: Easy access to highways and amenities. Investment Potential: Income Stream: Diverse with stable residential and commercial leases. Future Growth: Potential for added residential units increases rental income and investment value. Important Notes: Tenant Privacy: Do not contact tenants directly; inquiries and showings via the listing agent only. Verification: Information is reliable but not guaranteed; buyers should verify all details. Condition: Buyers should conduct inspections. Contact Information: For more details, to schedule a viewing, or to make an offer, contact the listing agent. This property offers a rare blend of residential comfort, commercial income, and growth potential. Don’t miss this exceptional opportunity!
Property Type(s):
Residential Income
| Last Updated | 11/18/2024 | Year Built | 1954 |
|---|---|---|---|
| Community | National City | County | San Diego |
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Gas Water Heater |
| AREA | National City |
| HEAT | Natural Gas |
| HOA DUES | 0 |
| LOT | 6646 sq ft |
| STORIES | 1 |
| VIEW | Yes |
| ZONING | MCR-2 |
Location
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Listed with Pemberley Realty Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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