Residential Income - 2027 31 E Avenue, National City, CA

$1,599,000

2027 31 E Avenue, National City, CA

2027 31 E Avenue, National City, CA 91950 - $1,599,000 · Multi-Family Home for Sale, photo 3

2027 31 E Avenue, National City, CA 91950 - $1,599,000 · Multi-Family Home for Sale, photo 4

2027 31 E Avenue, National City, CA 91950 - $1,599,000 · Multi-Family Home for Sale, photo 5

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Description

Income-producing investment opportunity in centrally located National City! Reported annual rental income of $127,200 and operating expenses of $23,563 yield an estimated annual NOI of $103,637. A recent appraisal valued the property at $1,550,000, representing an approximately 6.69% NOI yield on appraised value before debt service. The appraisal confirmed approximately 3,292 square feet of combined living area across four residences: three 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit. Situated on a 7,815-square-foot lot with on-site parking for up to six vehicles, the property offers multiple rental income streams and the flexibility to explore living in one residence while renting the others. Conveniently located near parks, schools, grocery stores, dining and Plaza Bonita, with easy access to I-5, I-805 and SR-54.

Property details

Year built

1950

Property type

Residential Income

Lot size

7,815 sqft

Location

2027 31 E Avenue • National City, CA 91950

More homes for sale and rent in National City, CA →

Listed by

Alex Ortega · Premier Agency R.E. Inc

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