702 R Avenue, National City, CA 91950
Commercial property
Sold September 2021
Listing Agent: Jim Klinge (DRE #00873197) · Listing Office: Compass · Contact: 760-979-5609 · Bought with: Farid Khayamian · Bluxen · MLS #210018004 · Source: CRMLS
How this sale compares
702 R Avenue sold for $3,500,000 in September 2021, 6.7% under its $3,750,000 list price, after 9 days on the market.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
About this commercial property
Epic opportunity to take this turnkey single-story 12-unit gem to the next level! All units are 2br/1ba and have upgraded granite kitchens and baths, 36-inch wide interior doors (handicap-friendly), walk-in closets, newer front doors, and an extra storage unit for each! Utilities paid by the tenants who enjoy a fantastic garden setting on almost an acre of land with ample parking too (18 spaces). Rents were just raised, and as of July 1, 2021 the GSI is $230,800. There is rent control of 5% + CPI (1.8% this year) = 6.8% which is about the same as the market's average increase anyway. Please do not bother the tenants - some of which have been there 10-20 years. Epic opportunity to take this turnkey single-story 12-unit gem to the next level! All units are 2br/1ba and have upgraded granite kitchens and baths, 36-inch wide interior doors (handicap-friendly), walk-in closets, newer front doors, and an extra storage unit for each! Utilities paid by the tenants who enjoy a fantastic garden setting on almost an acre of land with ample parking too (18 spaces). Rents were just raised, and as of July 1, 2021 the GSI is $230,800. There is rent control of 5% + CPI (1.8% this year) = 6.8% which is about the same as the market's average annual percentage-increase anyway. Please do not bother the tenants - some of which have been there 10-20 years.
Listing description from the September 2021 sale, as reported to CRMLS.
Sale history
Questions about 702 R Avenue
When did 702 R Avenue last sell?
702 R Avenue last sold in September 2021 for $3,500,000, according to CRMLS-reported closed sales.
What did 702 R Avenue sell for?
$3,500,000, 6.7% below the $3,750,000 list price, after 9 days on the market.
Is 702 R Avenue for sale now?
702 R Avenue is not currently listed on the MLS. Browse current homes for sale in National City on Nalren.