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619 Palm Avenue, National City, CA 91950

Commercial property · 3 recorded sales since 2014

619 Palm Avenue, National City, CA 91950 Sold May 2021 CRMLS
$1,100,000Sold May 2021

Listing Agent: Matt Robinson (DRE #01491108) · Listing Office: Acre Investment Real Estate · Contact: 619-255-3222 · Bought with: Thomas McCartin · Marcus & Millichap · MLS #210002696 · Source: CRMLS

6
Units
5.81%
Cap Rate
$63,881
NOI
15,332 sqft
Lot Size
R-4
Zoning
Commercial property
Type

About this commercial property

We are pleased to offer for sale the Palm Avenue Apartments, a 6-unit multifamily property located at 619-625 Palm Avenue in the National City neighborhood of San Diego. Built in 1909 / 1965, these 3 buildings (3,600 SF Est.) offer residents a desirable unit mix comprised of (1) 2-Bed/1-Bath Cottage, (1) 1-Bed/1-Bath Cottage, (1) 3-Bed/2-Bath (paid $2,400 recently vacated), (2) 2-Bed/1-Bath units, and (1) 1-Bed/1-Bath unit. Select units have private yard spaces, a large balcony, and there are plenty of on-site parking spaces on the 15,332 SF parcel. There is value add potential to raise rents by completing additional improvements to the property. Exterior: ,,,,

Listing description from the May 2021 sale, as reported to CRMLS.

Sale history

$1,100,000
Sold May 2021 · on market February 2021 · MLS #210002696 · Source: CRMLS
Listing Agent: Matt Robinson · Listing Office: Acre Investment Real Estate · Contact: 619-255-3222 · Bought with: Thomas McCartin · Marcus & Millichap
$850,000
Sold May 2018 · listed $900,000, on market February 2018 · MLS #180007619 · Source: CRMLS
Listing Agent: Mike Althof · Listing Office: Hunter & Maddox Intl. Inc. · Contact: 619-930-9101 · Bought with: Matthew Philbin · MV Properties
$499,000
Sold May 2014 · on market October 2013 · MLS #130054287 · Source: CRMLS
Listing Agent: Jeannine Savory · Listing Office: Berkshire Hathaway HomeService · Contact: 619-595-7020 · Bought with: Robert Erb · ARG Abbott Realty Group
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