725 731 E 16th Street
National City, CA 91950
- – beds
- – baths
- – sqft
- 6,342 sqft lot
- 1959 build
- – on site
**Owner may carry with 40% down** Great for a 1031 exchange! 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 $7173 in gross monthly rent from LONG-TERM Section 8 tenants, all of whom are single occupants. Incredibly stable income with appx 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. Shown ONLY with an accepted offer. All of the units have separate gas and electricity meters. Owner pays the water bill --averaging a total of $65 per month! Very low maintenance lot with nicely paved driveway and parking spaces, and very little landscaping to worry about. The 2-car garage has been partitioned, and is used by one tenant for laundry and storage, while the owner uses the majority of the garage space for personal storage. Do the same, or generate even more income by leasing out the garage. Note: The vacant lot behind the property is NOT part of the sale -- it belongs to another owner. There is some space behind the garage that belongs to this property, but not much space.
Last checked:
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Last updated Nov 5, 2024
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MLS# 240020786SD —
The Building
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Year Built:1959
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Roof:Composition
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# of Buildings:2
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Total Number Of Units:4
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Stories Total:2
Interior
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Levels:Two
Financial & Terms
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Disclosures:Incorporated
Location
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Directions:East Plaza Blvd to Highland Ave South to East 16th St CrossStreet: Highland Ave
The Property
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Property Type:Residential Income
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Zoning:RES-MULTI
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Lot Size Area:6342.0000
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Lot Size Dimensions:50x125
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Lot Size Acres:0.1456
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Lot Size SqFt:6342.00
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Lot Size Source:Assessor
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View:1
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Fencing:Partial
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Fence:Yes
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Parcel Number:5601312000
Heating & Cooling
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Heating:1
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Heating:Natural Gas
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Cooling:No
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Cooling:None
Appliances
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Appliances:Gas Water Heater
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Included:Yes
The Community
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Subdivision:National City
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Subdivision:National City
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Senior Community:No
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Neighborhood:16th / Highland - National City
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Park Name:16th / Highland - National City
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Pool:None
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Private Pool:No
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Spa:1
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Spa Features:None
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Assessments:No
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Assessments:None
Extra Units
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Number With Refrigerator:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
9/1/24
Sep 1, 2024
|
Listed / Active | CRMLS_CA | $1,395,000 | |
|
6/3/24
Jun 3, 2024
|
Listed / Active | CRMLS_CA |
