NOT LISTED FOR SALE
8 Beds
6 Baths
3,170 Sq Ft
4,792 Sq Ft Lot

Sale Details

Date Sold: July 7, 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 CA License #01953760

Last Buyer's Agent

Zachary Weissenborn

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

Compass
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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

4,792 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 20, 2023
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,750
Interest Rate
6.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2022
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
3.92%
Mortgage Type
Construction

Purchase Details

Closed on
Dec 10, 2021
Sold by
Bought by

Purchase Details

Closed on
Jun 11, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$441,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 15, 2019
Sold by
Bought by

Purchase Details

Closed on
Apr 4, 2019
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$437,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2014
Sold by
Bought by

Purchase Details

Listed on
Feb 1, 2012
Closed on
Dec 14, 2012
Sold by
Bought by
Seller's Agent
Armida Martin Del Campo
VILLA ASSOCIATES
Buyer's Agent
Seth O'Byrne
Compass
List Price
$240,000
Sold Price
$218,000
Premium/Discount to List
-$22,000
-9.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
3.37%
Mortgage Type
Commercial

Purchase Details

Listed on
Feb 1, 2012
Closed on
Dec 10, 2012
Sold by
Bought by
Seller's Agent
Armida Martin Del Campo
VILLA ASSOCIATES
Buyer's Agent
Seth O'Byrne
Compass
List Price
$240,000
Sold Price
$218,000
Premium/Discount to List
-$22,000
-9.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
3.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 26, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Interest Rate
1%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jan 28, 2005
Sold by
Bought by

Purchase Details

Closed on
Jan 12, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 9, 2003
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$372,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
May 4, 1994
Sold by
Bought by

Purchase Details

Closed on
May 31, 1983
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in National City, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Ticor Title
$1,225,000 Ticor Title
$1,400,000 Fidelity National Title
-- None Available
-- Amrock Inc
-- None Available
$875,000 Ticor Title San Diego Branch
-- None Available
-- Ticor Title San Diego Branch
$218,500 Ticor Title San Diego Branch
-- Chicago Title Co
$645,000 Chicago Title Co
-- --
$465,000 Chicago Title Co
-- --
-- --
$89,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $918,750
Previous Owner $980,000
Previous Owner $441,000
Previous Owner $437,500
Previous Owner $331,500
Previous Owner $153,000
Previous Owner $516,000
Previous Owner $372,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
01/18/2013 01/18/13 Sold $218,000 -9.2% $105 / Sq Ft View Prior Sale
12/19/2012 12/19/12 Pending -- -- --
02/01/2012 02/01/12 For Sale $240,000 -- $115 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $16,693 $1,274,490 $728,280 $546,210
2025 $16,693 $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

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Map

Source: San Diego MLS

MLS Number: 230004663

San Diego MLS
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