NOT LISTED FOR SALE

407 K Ave National City, CA 91950

3 Beds
3 Baths
1,899 Sq Ft
1931 Built

Last Sold July 20, 2021

Last sale price $625,000 $329 Per Sq Ft

44 Days on Market

Highlights

  • Corner Lot
  • Community Barbecue Grill
  • Partially Fenced Property

About This Home

As of July 2021

We are pleased to present for sale this triplex in National City. With tremendous upside, a corner lot, and an up-and-coming area - this property boasts some of the greatest potential on the market. Rents are low which gives a savvy investor the opportunity to increase cash-flow while keeping expenses of a triplex down. The property interiors have an interesting mix of old and new charm. The "double" garage gives the next owner a chance to increase gross income from new or existing tenants. It is unknown if this garage can be converted into a livable unit. The common area courtyard provides tenants a place to catch some fresh air and mingle with one another and features a brick fireplace/grilling area (repairs needed to bring back to operating status). The roof of both buildings have been replaced within the last 2 years.

Last Agent to Sell the Property

Chris Robinson

Mango Tree Real Estate Corp. License #02227825 Listed on: 06/01/2021

Last Buyer's Agent

Chris Robinson

Mango Tree Real Estate Corp. License #02227825 Listed on: 06/01/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1931

Lot Details

  • Partially Fenced Property
  • Corner Lot

Home Design

  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Tenant pays for cable TV
  • Assessor Parcel Number 556-314-01-00

Community Details

Overview

  • 3 Units
  • National City Community

Additional Features

  • Community Barbecue Grill
  • Net Operating Income $10,941

Property Details

Home Type

Multi-Family

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: K Avenue & E. 4th Street
  • Neighborhood: National City
  • LP / Sq Ft: 19.01
  • Stories: 2 Story
  • Sale Price List Price: 0.93
  • Total Stories: 2
  • Year Built: 1931
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial

Condo/Co-op/Association

  • Complex Name: National City
  • Community: NATIONAL CITY
  • Complex Features: BBQ

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Corner Lot
  • Assessor Parcel Number: 556-314-01-00

Rental Info

  • Tenant Pays: Cable TV

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 10941
  • Annual Expense Actual: 17286
  • Annual Expense Projected: 18621
  • Gross Rent Multiplier Actual: 25.77
  • Gross Rent Multiplier Projected: 13.44
  • Gross Sched Income Actual: 29100
  • Gross Sched Income Projected: 55800
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 1
  • Other Income Projected: 3600.0

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
07/20/2021 07/20/21 Sold $625,000 -7.4% $329 / Sq Ft
07/16/2021 07/16/21 Pending -- -- --
06/30/2021 06/30/21 Price Changed $675,000 -10.0% $355 / Sq Ft
06/01/2021 06/01/21 For Sale $750,000 -- $395 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Chris Robinson

    Seller's Agent in 2021

    Chris Robinson

    Mango Tree Real Estate Corp.

    (619) 255-3222

    1 in this area

    12 Total Sales

    Chris Robinson
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Map

Source: San Diego MLS

MLS Number: 210014896

San Diego MLS

APN: 556-314-01-00

California San Diego County National City 91950

407 K Ave, National City, CA

This home is located at 407 K Ave, National City, CA 91950 since 01 June 2021. This property was built in 1931. 407 K Ave is a home located in San Diego County with nearby schools including Rancho de la Nacion School, National City Middle School, and Sweetwater High School.

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