59
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$1,599,000
Est. payment /mo
7,814 Sqft Lot
Active
2027 31 E AVE National City, CA 91950
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2606983
HOA Y/N No
Year Built 1950
Lot Size 7,814 Sqft
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.
Location
State CA
County San Diego
Area 91950 - National City
Zoning R-4:MULTIPLE RESIDENTIAL
Interior
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Sidewalks
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Back Yard
Story 1
Sewer Public Sewer
Others
Senior Community No
Tax ID 5603001700
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2606983
Listed by Alex Ortega Premier Agency R.E. Inc alex@theortegateam.com, DRE #01321114
NEARBY SCHOOL & BUSINESS
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