Log In/Sign Up
Your email has been sent.
1609-1623 E 10th St 8 Unit Apartment Building $2,706,145 CAD ($338,268 CAD/Unit) 5.04% Cap Rate National City, CA 91950
Investment Highlights
- Desirable unit mix
- Several property upgrades
- Strong in-place income
Executive Summary
8 maintained and performing multifamily units offering a desirable unit mix of one and two bedroom units; a strong in-place cap rate; and potential to increase the income. The property consists of four one bedroom units and four two-bedroom, one bath units. The property includes many upgrades including new electrical panels, new vinyl windows, and interior upgrades. Ample on-site parking. Convenient location near shopping, transit and major employment centers. Walkable to Plaza Blvd shopping district and bus routes. Bus provides access to 8th Street Transit Center providing providing access to most of the county. Further, the location offers convenient access to major employment centers such as Paradise Valley Hospital and medical services, Mile of Cars, Gaylord Resort and Convention Center, and Naval Base San Diego. Please drive by without disturbing the tenants. Contact listing agent for the Offering Memorandum.
Property Facts
| Price | $2,706,145 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $338,268 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 5.04% | Building Size | 4,894 SF |
| Gross Rent Multiplier | 12 | Average Occupancy | 99% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1961 |
| Property Subtype | Apartment | Parking Ratio | 1.84/1,000 SF |
| Zoning | RM-3-High Density Res - multiple residential | ||
| Price | $2,706,145 CAD |
| Price Per Unit | $338,268 CAD |
| Sale Type | Investment |
| Cap Rate | 5.04% |
| Gross Rent Multiplier | 12 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,894 SF |
| Average Occupancy | 99% |
| No. Stories | 2 |
| Year Built | 1961 |
| Parking Ratio | 1.84/1,000 SF |
| Zoning | RM-3-High Density Res - multiple residential |
Amenities
Unit Amenities
- Balcony
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 500 |
| 2+1 | 4 | - | 800 |
1 1
Walk Score®
Very Walkable (84)
Property Taxes
| Parcel Number | 557-190-29 | Improvements Assessment | $1,106,778 CAD |
| Land Assessment | $658,307 CAD | Total Assessment | $1,765,085 CAD |
Property Taxes
Parcel Number
557-190-29
Land Assessment
$658,307 CAD
Improvements Assessment
$1,106,778 CAD
Total Assessment
$1,765,085 CAD
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1609-1623 E 10th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.