NOT LISTED FOR SALE

1420 Coolidge Ave National City, CA 91950

3 Beds
4 Baths
-- Sq Ft
1940 Built

Last Sold June 12, 2019

Last sale price $590,000

36 Days on Market

Highlights

  • Partially Fenced Property
  • Gravity Heating System
  • 1-Story Property

About This Home

As of June 2019

This property has three 1 bed/1 bath apartments and a studio. Owners did $100k of upgrades when they first purchased this asset. The city grandfathered in the less than 8ft ceiling height. Parcel is zoned MCR1-mixed commercial residential. Being sold as-is. It is ready for standard upgrades which will probably support much higher income. There is an adjacent commercial lot property which is also available for sale. The dividing fence may not be the actual marker- seller has not surveyed.

Last Agent to Sell the Property

Terry Moore

ACI Apartments License #00918512 Listed on: 03/05/2019

Co-Listed By

Kiley Berlinski

Kiley E. Berlinski License #01962341

Last Buyer's Agent

Terry Taylor

Apartment Consultants Incorporated License #01041788

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Home Design

  • Composition Roof
  • Stucco Exterior

Utilities

  • Gravity Heating System
  • Separate Water Meter
  • Gas Water Heater

Additional Features

  • 1-Story Property
  • Partially Fenced Property

Community Details

  • 4 Units
  • Net Operating Income $14,290

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 559-063-07-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: 15th St & 14th St.
  • Neighborhood: National City
  • LP / Sq Ft: 24.24
  • Stories: 1 Story
  • Sale Price List Price: 0.98
  • Total Stories: 1
  • Year Built: 1940
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Water: Meter on Property
  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: NATIONAL CITY

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 559-063-07-00

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 14290
  • Annual Expense Actual: 15029
  • Annual Expense Projected: 15029
  • Gross Rent Multiplier Actual: 19.6
  • Gross Rent Multiplier Projected: 14.5
  • Gross Sched Income Actual: 30540
  • Gross Sched Income Projected: 41400
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2019 06/12/19 Sold $590,000 -1.5% --
04/11/2019 04/11/19 Pending -- -- --
03/22/2019 03/22/19 Price Changed $599,000 -90.0% --
03/21/2019 03/21/19 Price Changed $5,989,000 +866.0% --
03/05/2019 03/05/19 For Sale $620,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Terry Moore

    Seller's Agent in 2019

    Terry Moore

    ACI Apartments

    (619) 889-1031

    1 in this area

    52 Total Sales

    Terry Moore
    Section Image

  • K

    Seller Co-Listing Agent in 2019

    Kiley Berlinski

    Kiley E. Berlinski

    (949) 433-9721

    1 Total Sale

    Kiley Berlinski
    Section Image

  • T

    Buyer's Agent in 2019

    Terry Taylor

    Apartment Consultants Incorporated

    Section Image
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Map

Source: San Diego MLS

MLS Number: 190012026

San Diego MLS

APN: 559-063-07-00

California San Diego County National City 91950

1420 Coolidge Ave, National City, CA

This home is located at 1420 Coolidge Ave, National City, CA 91950 since 05 March 2019. This property was built in 1940. 1420 Coolidge Ave is a home located in San Diego County with nearby schools including Kimball School, National City Middle School, and Sweetwater High School.

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