1820 Terry Lane

    National City, CA 91950
    • $3,895,000
    • STATUS: Active
    • ON SITE: 45 days
    • ID#: OC19257287
    UPDATED: 35 min ago
    $3,895,000
    • 0
      BEDS
    • 0.8
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,000
      SQFT
    • $354
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1978
    County:

    School Ratings & Info

    Description

    This Beautiful 16 unit property sits atop a large lot with ample parking and plenty of open area. The Property is ideal for walk up to unit tenants that enjoy the feeling of owning their own space as all downstairs units and and 4 upper units open to landscape. The property is walking distance to grocery and many amenities and will most likely be situated next to a brand new apartment complex. The property is a flag lot and the giant stretch of land may be used for storage, parking or joint venture with the neighbor in the future. Unlike may sub markets in San Diego, National City is minutes from the ocean and the marina and creates an ideal location for families.Property Description: Property has New Roof, New Fencing, All new Appliances, New Landscape, New Paint, brand new Development going in next door, Walk to Grocery and Starbucks, Onsite Laundry, Some with A/C, Many have small patios, Some Units Remodeled, 15 minutes to downtown San Diego, 10 mins to the Beach with Huge parking lot. Property does not have apartment row feeling.Highlights: Many of Deferred maintenance issues were due to the aged roof... NEW ROOF was main deferred maintenance issueHuge lot with parking and walk up to unit access with many units having quiet settings in front of unitsWalking distance to Starbucks, quick drive to the beach and downtown San Diego

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-25T14:30:09.183. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Residential Brokerage. Licensed in the State of California, USA.

    www.basheteam.com/homes/102224427

    1820 Terry Lane National City, CA 91950

    • Price: $3,895,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: OC19257287
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.8
    Acres
    11,000
    SQFT
    $354
    $/SQFT
    1978
    Built
    Neighborhood:
    NAC - National City
    County:
    San Diego
    Area:
    NAC - National City
    Property Description
    This Beautiful 16 unit property sits atop a large lot with ample parking and plenty of open area. The Property is ideal for walk up to unit tenants that enjoy the feeling of owning their own space as all downstairs units and and 4 upper units open to landscape. The property is walking distance to grocery and many amenities and will most likely be situated next to a brand new apartment complex. The property is a flag lot and the giant stretch of land may be used for storage, parking or joint venture with the neighbor in the future. Unlike may sub markets in San Diego, National City is minutes from the ocean and the marina and creates an ideal location for families.Property Description: Property has New Roof, New Fencing, All new Appliances, New Landscape, New Paint, brand new Development going in next door, Walk to Grocery and Starbucks, Onsite Laundry, Some with A/C, Many have small patios, Some Units Remodeled, 15 minutes to downtown San Diego, 10 mins to the Beach with Huge parking lot. Property does not have apartment row feeling.Highlights: Many of Deferred maintenance issues were due to the aged roof... NEW ROOF was main deferred maintenance issueHuge lot with parking and walk up to unit access with many units having quiet settings in front of unitsWalking distance to Starbucks, quick drive to the beach and downtown San Diego
    Exterior Features

    Garage Spaces 0.00 Lot Features 16-20 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 0.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Common Area Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.76 Community Features SidewalksStreet Lights Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 267900.00 Gross Scheduled Income 267900.00 Insurance Expense 0.00 Land Lease YN No Laundry Income 2400.00 Laundry YN Yes Net Operating Income 183233.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 16 Number Of Separate Gas Meters 16 Number Of Separate Water Meters 1 Number Of Units Leased 16 Operating Expense 0.00 Professional Management Expense 0.00 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Sewer Paid Special Listing Conditions Standard Total Expenses 0.00 Trash Expense 0.00 Vacancy Allowance 5000 Water Sewer Expense 0.00 Water Source Public Year Built Source Other Zoning C

    Listing provided courtesy of Ryan Oca of Golden Pacific Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-25T14:30:09.183. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Coldwell Banker Residential Brokerage. Licensed in the State of California, USA.

     
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