1329 Highland Ave, National City

National City Home For Sale

Unit 1329: Recently remodeled in 2020, this unit is currently generating $2,350 per month. The tenants have been there for 6 months and are on a month-to-month lease. Unit 1333: A long-term tenant has enjoyed this unit for over 17 years. This Section 8 tenant pays approximately $1,700 per month. Commercial Building: The front commercial space has a reliable tenant who has been in place for over 5 years, paying $2,000 per month. He is in month to month and willing to increase the rent Investment Potential: The property is zoned MCR-2 Multi-Use Commercial-Residential (45 du/ac max) to allow the addition of up to 3 more units on top of the commercial building, offering significant expansion opportunities. Located on one of the busiest streets in San Diego County, this property offers a fantastic mix of residential income and commercial potential. Situated across from Walmart, the residential units are set back from the street, providing a peaceful environment. Don’t miss out on this versatile property with great rental income and future development potential! Verify all information before Close of Escrow (COE). Property Overview: Discover a unique opportunity with this charming property located on bustling Highland Ave in National City. This versatile offering includes two cozy cottages, each with 2 bedrooms and 1 bathroom, private yards, and a free-standing commercial building currently occupied by a thriving appliance repair business. Perfectly blending residential comfort with commercial potential, this property offers both steady rental income and exciting future development possibilities. Residential Units: Unit 1329: Recently remodeled in 2020, this unit is generating $2,350 per month. The current tenants have been in place for 6 months and are on a month-to-month lease. The recent upgrades ensure modern living standards, making it an attractive option for tenants. Unit 1333: This unit features a long-term Section 8 tenant who has resided here for over 17 years. The reliable tenant pays approximately $1,700 per month. The long-term nature of this lease provides stable and predictable rental income. Commercial Building: Current Use: The commercial space houses a well-established appliance repair business, which has been operating for over 5 years. This long-term tenant contributes $2,000 per month in rental income. Potential: The commercial building offers an additional revenue stream and is situated in a high-traffic area, ensuring high visibility and accessibility for the business. Development Opportunities: Zoning: The property is zoned to allow for the addition of up to 3 more residential units on top of the commercial building. This zoning flexibility offers significant potential for future expansion and increased rental income. Location: Highland Ave: Located on one of the busiest streets in San Diego County, the property benefits from excellent visibility and accessibility. Situated directly across from Walmart, the residential units are strategically set back from the street, ensuring a quiet and peaceful living environment despite the busy surrounding area. Accessibility: Easy access to major highways and local amenities enhances the property’s appeal. The location provides convenience for both residential tenants and commercial customers. Investment Potential: Income Stream: With a combination of residential and commercial leases, the property offers a diversified income stream. The current tenants provide a stable cash flow, while the commercial lease adds additional value. Future Growth: The opportunity to add more residential units above the commercial space allows for future growth and increased rental income. This potential makes the property an attractive investment for those looking to expand their real estate portfolio. Important Notes: Tenant Privacy: Please do not contact tenants directly. All inquiries and showing requests should be directed through the listing agent to ensure ten...