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Listed by Maxwell Brown, DRE #02127395 • Commercial Asset Advisors
$ 1,250,000
Est. payment /mo
Pending
4086 98 National AVE San Diego, CA 92113
10,049 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRPTP2607421
Year Built 1946
Lot Size 10,049 Sqft
Source California Regional MLS
Property Description
The offer process has been completed on National Ave, no other offers or prospective interest will be considered. Please do not walk the property or disturb tenants. 4086-98 National Ave presents a huge value-add opportunity to acquire 9 units in San Diego at an exceptional cost basis. Offered at $1,250,000, the property is priced at just $138,889 per unit, significantly below prevailing price-per-unit levels for comparable multifamily properties. This low acquisition basis provides investors with significant upside to complete a comprehensive renovation and reposition the asset for long-term cash flow and appreciation. This will need to be a cash or private financing only sale! The property consists of eight (8) one-bedroom/one-bathroom units and one (1) detached two-bedroom/one-bathroom house. All units are single-story, providing convenient access and an efficient, low-density residential layout. The property is individually metered for gas and electricity and offers a single-car garage, an oversized approximately 1.5-car-wide garage, and four additional off-street parking spaces. The asset currently exhibits substantial deferred maintenance and rents well below prevailing market levels, creating significant upside through a full interior and exterior renovation program. P
Location
State CA
County San Diego
Area 92113 - Logan Heights
Interior
Laundry None
Exterior
Garage Spaces 6.0
Pool None
Others
Tax ID 5510221100
Special Listing Condition Not Applicable
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