1343 Highland Ave 4 Unit Apartment Building $1,253,940 CAD ($313,485 CAD/Unit) National City, CA 91950

3 units operating as 4 units, mixed use investment on Highland Ave, one of National City's designated mixed use commercial corridors. The offering combines two residential units at the rear of the parcel with two ground floor commercial suites fronting Highland Ave, giving an investor a blended income stream with substantial upside as commercial rents are brought to market and the vacant office suite is leased up.
Unit mix is (1) 2BR/1BA residential, (1) 1BR/1BA residential currently vacant, (1) salon suite, and (1) office suite, currently vacant. Building is 1,908 SF on a 6,151 SF (0.14 AC) lot, zoned MXC-2, Major Mixed Use Corridor, which permits high intensity, transit oriented mixed use redevelopment up to 65 feet and 5 stories, with density up to 75 dwelling units per acre.
Current gross income is $30,000/year against a market gross income of $86,400/year, representing 80.7% upside. Two rear residential units provide stable, easier to manage income, while the two front facing commercial suites (a salon and a vacant office) offer immediate lease up opportunity. Manageable four unit scale suited to a private investor or 1031 buyer or someone looking to live in one unit and rent out the others.
Listed at $895,000. Buyer to verify year built and all square footages. Contact listing agents for OM.