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3751 National Ave, San Diego, CA 92113

Commercial property · 2 recorded sales since 2016

3751 National Ave, San Diego, CA 92113 Sold June 2017 CRMLS
$985,000Sold June 2017

Listing Agent: Alexio Barbara (DRE #01992393) · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Terry Moore · Apartment Consultants, Inc. · MLS #170018419 · Source: CRMLS

5
Units
5.00%
Cap Rate
$71,004
NOI
7,062 sqft
Lot Size
Commercial property
Type

About this commercial property

3751-59 National Avenue, San Diego, CA 92113 is comprised of (5) units in (3) buildings. Two of the buildings feature four 2 bedrooms and 1.5 bathrooms townhouse style units, which are approximately 800 square feet; some units include a private patio. These were constructed in the late 70s / early 80s. Located in the rear of the property is a detached 1bd/1ba house with its own parking and a private yard. The whole property is gated and each unit has washer and dryer hook-ups. In addition, the property is fully occupied and the buildings are in good condition. There are a total of 7 parking spots on site. Two of the five units were fully remodeled mid - 2016 Other interior improvements include: New Reinforced Concrete Driveway/parking area, Secured Gated Entry that encompasses the property, New windows on some units. With this property having separate meters on all utilities, it is positioned to have quantifiable future expense ratios, which will solidify return expectations. Amenities: None

Listing description from the June 2017 sale, as reported to CRMLS.

Sale history

$985,000
Sold June 2017 · listed $995,000, on market April 2017 · MLS #170018419 · Source: CRMLS
Listing Agent: Alexio Barbara · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Terry Moore · Apartment Consultants, Inc.
$700,000
Sold February 2016 · listed $695,000, on market June 2015 · MLS #150035198 · Source: CRMLS
Listing Agent: David Cameron · Listing Office: South Coast Commercial, Inc. · Contact: 619-226-6011 · Bought with: Terry Moore · Apartment Consultants, Inc.
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