For more information regarding the value of a property, please contact us for a free consultation.
1426 E 16th Street National City, CA 91950
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $1,060,000
Property Type Single Family Home
Sub Type Com-Res Income
Listing Status Sold
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $481
MLS Listing ID 260008422
Bedrooms 5
Full Baths 5
Property Sub-Type Com-Res Income
Property Description
1426 E 16th Street presents a rare opportunity to acquire a 5 unit multifamily property in National City with strong value add potential and future development upside. The property consists of five 1 bedroom 1 bathroom units situated on a large 10,075 square foot RS 2 zoned lot. A new owner will have the ability to begin improvements on multiple units in the near term, allowing for an accelerated repositioning strategy and increased rental income. Current rents in the occupied income producing units are below market, creating a clear path to upside through interior renovations. The large lot and zoning may also provide future expansion or development potential, offering multiple strategies for a new owner to explore. Conveniently located near Interstate 5, Downtown San Diego, and major retail corridors, the property benefits from strong rental demand and continued growth in the surrounding area.
Location
State CA
County San Diego
Area South Bay
Interior
Cooling None
Exterior
View Y/N No
Building
Story 1
Read Less

Bought with Nicole D Meacham Hunter & Maddox Intl. Inc.
NEARBY SCHOOLS & BUSINESSES
GET MORE INFORMATION




