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

  • Pets Allowed with 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
  • Gross Rent Multiplier Actual: 13.73
  • 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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 List to Sale Price per Sq Ft Prior Sale
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 +542.2% $442 / Sq Ft
12/21/2012 12/21/12 Sold $218,000 +21.1% $105 / Sq Ft View Prior Sale
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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $16,039 $1,249,500 $714,000 $535,500
2024 $16,039 $1,225,000 $700,000 $525,000
2023 $18,440 $1,428,000 $867,000 $561,000
2022 $12,748 $919,779 $578,147 $341,632
2021 $12,148 $901,745 $566,811 $334,934
2020 $11,546 $892,500 $561,000 $331,500
2019 $5,219 $329,669 $131,867 $197,802
2018 $5,028 $323,206 $129,282 $193,924
2017 $4,848 $316,870 $126,748 $190,122
2016 $4,748 $310,658 $124,263 $186,395
2015 $4,706 $305,993 $122,397 $183,596
2014 $3,657 $219,491 $100,454 $119,037
Source: Public Records

Agents Affiliated with this Home

  • Zachary Weissenborn

    Seller's Agent in 2023

    Zachary Weissenborn

    Compass

    (925) 852-4166

    1 in this area

    31 Total Sales

    Zachary Weissenborn
    Section Image
  • Mark Pattison

    Seller Co-Listing Agent in 2023

    Mark Pattison

    eXp Realty of Southern California, Inc.

    (619) 777-9092

    3 in this area

    243 Total Sales

    Mark Pattison
    Section Image

  • A

    Seller's Agent in 2012

    Armida Martin Del Campo

    VILLA ASSOCIATES

  • Darin Holwitz

    Seller's Agent in 2012

    Darin Holwitz

    Compass

    (415) 577-3348

    55 Total Sales

    Darin Holwitz
    Section Image
  • Seth O'Byrne

    Buyer's Agent in 2012

    Seth O'Byrne

    Compass

    (858) 869-3940

    179 Total Sales

    Seth O'Byrne
    Section Image
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Map

Source: San Diego MLS

MLS Number: 230004663

San Diego MLS
California San Diego County National City 91950

304 E 4th St, National City, CA

Not Listed for Sale

MultiFamily

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