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505 E 4th St
National City, CA 91950

$899,999 USD

Multifamily For Sale  •  1,300 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 1,300 SF
  • Year Built 1979
  • Cap Rate 3.80 %
55 Transit Score
86 Walk Score

Highlights

Fully renovated 4BR 2BA home featuring a brand new roof, full ABS plumbing upgrade, electrical upgrades, new solar (paid), and much more!
Not a flipper lipstick deal! All upgrades done meticulously through permits and city inspections, with final sign off
Permit Ready plans included in sale to build two new construction 3BR 3BA units which will add tremendous new equity to the property
Once constructed, projected underwriting yields roughly $700,000 of new equity for a buyer to capture (see enclosed)
Perfectly suited for any owner occupant (FHA, VA, conventional) buyer, as well as an investor looking for a turnkey property with HUGE upside
Amazing National City location just 10 mins to downtown San Diego, and 6 mins to the tremendous National City Bayfront development project

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $121,608 USD (2024)
Cap Rate: 3.80 %
Total Expenses: $25,992 USD

Amenities

  • Air Conditioning
  • Dishwasher
  • Fenced Lot
  • Washer/Dryer
  • Deck

Public Transportation

Commuter RailDriveWalkDistance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 9 min - 5.6 mi
Old Town Transit Center (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 11 min - 8.7 mi
Transit/SubwayDriveWalkDistance
8Th Street (Blue Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley)) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
San Diego International 12 min - 8.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 1
Type: Surface
Included in Rent: Yes
Josh Browar 619-701-6797 The Browar Group
Josh Browar 619-701-6797 The Browar Group