NOT LISTED FOR SALE

1937 Wilson Ave National City, CA 91950

8 Beds
5 Baths
2,979 Sq Ft
5,777 Sq Ft Lot

Last Sold June 05, 2024

Last sale price $1,575,000 $529 Per Sq Ft

34 Days on Market

Highlights

  • New Construction
  • Private Yard
  • Park
  • Property is near public transit
  • No HOA
  • Laundry Room

About This Home

As of June 2024

*One-of-a-kind opportunity for a homeowner, family compound, or investor!* This 4 unit property is conveniently located in the highly desirable West side of National City - where developers are bringing the City’s Westside Specific Plan to life! The property includes 3 new construction units including (1) 3 bed, 2 bath, (1) 2 bed, 1 bath, and (1) 1 bed, 1 bath, as well as (1) fully remodeled 2 bed, 1 bath home - each with a separate SDGE meter and Water Submeter. These homes are unlike anything you’ve seen in National City, with dedicated rear patios, 9’ ceilings, efficient floor plans, tankless water heaters, ample storage, off street parking with brick pavers, and more. The 3 bedroom also has solar panels, in-unit laundry and was designed to be handicap friendly with a ramp to the front door, wide halls, and a zero entry shower. Whether you’re looking for a family compound or an investment property, this one is not to miss. With easy freeway access and being walking distance to numerous restaurants, Paradise Creek Park, Kimball Elementary, and the Blue Line Trolley (running from the border to UCSD) - this location cannot be beat.

Last Agent to Sell the Property

Kate Gillingham Milke

Coronado Island Realty Brokerage Email: kate@coronado-realty.com License #01782461 Listed on: 04/03/2024

Last Buyer's Agent

Ryan Branco

Valus Realty License #01467757

Valus Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 5,777 Sq Ft Lot
  • Two or More Common Walls
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Private Yard

Home Design

  • Quadruplex

Interior Spaces

  • 2,979 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 5 Bathrooms

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces

Accessible Home Design

  • Accessibility Features
  • No Interior Steps
  • Ramp on the main level

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Urban Location

Utilities

  • No Heating
  • Tankless Water Heater

Listing and Financial Details

  • Legal Lot and Block 7,8 / 148
  • Tax Tract Number 348
  • Assessor Parcel Number 5591050400
  • $647 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Recreation

  • Park

Building Details

  • 1 Leased Unit
  • Rent Control
  • 4 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $3,000
  • New Taxes Expense $18,000
  • Operating Expense $21,000
  • Gross Income $129,000
  • Net Operating Income $108,000

Property Details

Home Type

Multi-Family

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 6.60
  • Price Per Unit: 406250
  • Property Attached: Yes
  • View: No
  • Zoning: INDUSTRIAL (M ZONE)
  • New Construction: Yes
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 5591050400
  • Year Built: 2024
  • Special Features: NewHome

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: entry
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Disability Features, No Interior Steps, Ramp - Main Level
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 528.70

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Disposal, High Efficiency Water Heater, Tankless Water Heater
  • Laundry Features: Inside

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Gutters, Sidewalks, Street Lights, Urban, Park

Lot Info

  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot, Level, Near Public Transit, Paved, Yard
  • Lot Size Sq Ft: 5777.00
  • Lot Size Acres: 0.1326

Multi Family

  • Average1 Bed Area: 459 Square Feet
  • Average2 Bed Area: 600 Square Feet
  • Average3 Bed Area: 1200 Square Feet
  • Gross Income: 129000.00
  • Gross Scheduled Income: 129000.00
  • Insurance Expense: 3000.00
  • Lot Size Area: 5777.0000 Square Feet
  • Net Operating Income: 108000.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 1
  • Number Of Units Total: 4
  • Number With Dishwasher: 1
  • Number With Disposal: 4
  • Number With Drapes: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Number With Refrigerator: 1
  • Operating Expense: 21000.00
  • Rent Control: Yes
  • Total Actual Rent: 1950.00
  • Total Expenses: 21000.00

Tax Info

  • New Taxes Expense: 18000.00
  • Tax Block: 148
  • Tax Lot: 7,8
  • Tax Tract Number: 000348
  • TaxOtherAnnualAssessmentAmount: 647.04

Range of Values:

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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
06/05/2024 06/05/24 Sold $1,575,000 0.0% $529 / Sq Ft
06/05/2024 06/05/24 Sold $1,575,000 -3.1% $529 / Sq Ft
05/07/2024 05/07/24 Pending -- -- --
05/07/2024 05/07/24 Pending -- -- --
04/03/2024 04/03/24 For Sale $1,625,000 0.0% $545 / Sq Ft
04/03/2024 04/03/24 For Sale $1,625,000 -- $545 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2401825

California Regional Multiple Listing Service (CRMLS)