Property Detail

725-731 E 16th Street

National City CA 91950

$1,395,000

Status: Active

Property Details

Description

Location, location.... this is what you've been waiting for with one of the best locations in National City! Amazingly LOW-MAINTENANCE 4-unit INCOME property in the heart of National City, featuring 2 two-bedroom/one-bath units and 2 one-bedroom/one-bath units. Two-car garage plus 4 off-street parking spaces. Generates $6786 in gross monthly rent from LONG-TERM Section 8 tenants, all of whom are single occupants. Incredibly stable income with 86% of the rent paid for by National City Housing Authority. Two tenants of 4+ years, two tenants of 25+ years… Looking for even MORE INCOME? Buyer MAY be able to convert the garage into an ADU/5th unit. Situated in a desirable location close to shopping, the post office, and dining amenities near Highland Ave. Owner may carry with 40% down. Shown ONLY with an accepted offer.

Map Location

Listing provided courtesy of Gregg Neuman of Berkshire Hathaway HomeServices California Properties. Last updated 2024-09-18 09:14:38.000000. Listing information © 2024 SANDICOR.

The Worland Group
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