725 731 E 16th Street, National City, CA, 91950 | MLS #

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$1,395,000
40 Days Online

725 731 E 16th Street
National City, CA 91950

For Sale|Multi-Family|Active
Subdivision:
National City
County:
San Diego
Listed by Gregg Neuman of Berkshire Hathaway HomeServices California Properties

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619-209-5500
725 731 E 16th Street725 731 E 16th Street725 731 E 16th Street725 731 E 16th Street
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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… 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. 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.

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Listing Snapshot
Price 
$1,395,000
Days Online 
40 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1456 Acres
Year Built 
1959
MLS® Number 
240012500SD
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
a month agoListing first seen online
General Features
Parking Spaces 
0
Number of Stories 
2
Acreage 
0.1456
Zoning 
RES-MULTI
Interior Features
Cooling 
None
Heating 
Natural Gas
Appliances 
Gas Water Heater
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Exterior Features
Roof 
Composition
Fencing 
Partial
Spa 
Yes
Pool Features 
None
Spa Features 
None
Community Features
Association Dues 
0
Senior Community 
No
MLS Area 
91950 - National City


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
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