NOT LISTED FOR SALE

304 E 4th St National City, CA 91950

8 Beds
6 Baths
3,170 Sq Ft
4,792 Sq Ft Lot

Last Sold July 07, 2023

Last sale price $1,225,000 $386 Per Sq Ft

37 Days on Market

About This Home

As of July 2023

Amazing 4 unit investment opportunity In National City with opportunity to develop further! By right two ADU's can be added. Additionally, you may be able to add one bonus ADU and one affordable housing ADU! Strong rental rates that continue to climb make this property an incredible purchase for any real estate investor. The building benefits from recent system upgrades, new appliances, fresh paint in 2022 and low maintenance landscaping. All units have engineered hardwood floors, fresh paint, and look as they do in the photos. Well maintained and upgraded building includes two 3 bedroom 2 bathroom units as well as two 1 bedroom 1 bathroom units. All units currently have tenants in place. Situated on beautiful 4th Street the building is surrounded by a large, fully fenced, flat lot with ample tenant parking. National City is rated San Diegos most walkable city. Moments from the waterfront, beautiful parks, great schools, freeway access, shopping, and business centers. NOW is the time to invest in National City as it reaches to an incredible future while keeping its longtime heritage and charm.

Last Agent to Sell the Property

Zachary Weissenborn

Compass License #02149549 Listed on: 03/12/2023

Compass

Co-Listed By

Mark Pattison

eXp Realty of Southern California, Inc. License #01953760

Last Buyer's Agent

Zachary Weissenborn

Compass License #02149549 Listed on: 03/12/2023

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1989

Lot Details

  • 4,792 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced

Home Design

  • Composition Roof
  • Wood Siding

Additional Features

  • 3-Story Property
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 556-211-09-00

Community Details

Pet Policy

  • Breed Restrictions

Additional Features

  • 4 Units
  • Net Operating Income $78,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: B Ave and D Ave
  • Neighborhood: National City
  • Stories: 3 Story
  • Sale Price List Price: 0.88
  • Total Stories: 3
  • Year Built: 1989
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 1
  • Prkng Non Garage Spac U3: 1
  • Prkng Non Garage Spac U4: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood
  • Fencing: Full, Gate
  • Roof: Composition

Condo/Co-op/Association

  • Pets Allowed: Allowed w/Restrictions
  • Community: NATIONAL CITY

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Zoning: RS-2
  • Assessor Parcel Number: 556-211-09-00
  • Estimated Lot Dimensions: 40x113.38
  • Estimated Number of Acres: 0.11

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 78000
  • Annual Expense Actual: 24000
  • Gross Rent Multiplier Actual: 13.73
  • Gross Sched Income Actual: 102000
  • Number Of Buildings: 1
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
07/07/2023 07/07/23 Sold $1,225,000 -12.5% $386 / Sq Ft
04/19/2023 04/19/23 Pending -- -- --
03/12/2023 03/12/23 For Sale $1,400,000 +60.0% $442 / Sq Ft
05/10/2019 05/10/19 Sold $875,000 -4.9% --
03/29/2019 03/29/19 Pending -- -- --
03/04/2019 03/04/19 Price Changed $920,000 -2.1% --
02/04/2019 02/04/19 For Sale $940,000 +331.2% --
12/21/2012 12/21/12 Sold $218,000 +21.1% $105 / Sq Ft
11/21/2012 11/21/12 Pending -- -- --
02/01/2012 02/01/12 For Sale $180,000 -- $87 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 230004663

San Diego MLS