617 A Avenue, National City, CA 91950

About this commercial property

The A Ave apartments consist of three standalone homes with a 4BR/1BA, 3BR/1BA and 2BR/1BA and a duplex along the alley containing two 2BR/1BA units. This property is well located in northwest National City with numerous nearby amenities along National City Blvd. The asset has plenty of yard space and is well laid out on the 9,028sqft lot. Tenants enjoy bigger than average units with 3,992 sqft of improved space. Other property features include full fencing, in unit laundry for the three homes, pitched roofs, two single car garages as well as two surface parking spaces. An abundance of additional pull in parking is provided along A Ave. This investment has SIGNIFICANT upside through an extensive remodel, rents are currently well below what the area will support for a renovated unit. The garages could capture additional upside if converted to ADU’s. Seller Financing is available! *** Seller will consider a high leverage LTV, initial interest only term - converting to long term amortization at an adjustable rate. The seller is willing to negotiate and will compete with market rate and terms. Contact agent for details.

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$1,495,000

Sold September 2023 · on market July 2023 · MLS #230014262SD · Source: CRMLS

Listing Agent: Sean Bascom · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Sean Bascom · South Coast Commercial, Inc.

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