541 L Avenue, National City, CA 91950 – PTP2203851 - Grace Chi

$1,155,000

$1,100,000

5.0%

Est.Price: ?

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Est. payment -/mo

5 Beds

4 Baths

7,932 Sqft Lot

SOLD DATE : 06/30/2022

Key Details

Sold Price $1,155,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PTP2203851

Sold Date 06/30/22

Bedrooms 5

HOA Y/N No

Lot Size 7,932 Sqft

Property Description

We are pleased to present 541-543 L Avenue, LIVE IN ONE AND RENT OUT THE OTHER. Newly remodeled, fully permitted duplex on a large 7932 square foot corner lot. The property consists of 1) 3BD/2BTH home, potential rent is $3000-$3300, and 1) 2BD/2BTH home, potential rent is $2500-$3000. Large fully fenced yard that can be separated if desired.Each home has modern cabinetry, vinyl dual pane windows, new roof, plumbing, and electrical, separate meters.New kitchen countertops and appliances. New bathroom tile, vanities, and mirrors.New vinyl plank flooring and can lighting. Each unit complete with Mini splits-a/c and heating systems-and laundry hookups. New interior/exterior doors and hardware and interior/exterior paint.Plenty of storage space in both units, storage unit on bottom level.Minimum 4 parking spots. INVESTOR PROPERTY with potential monthly income in the $5500 to $6300 which is a net operating income in the $47,520 to $54,432 range and cap rate 4.3% to 4.9% in San Diego, which has low vacancy rates and rising rents.
We are pleased to present 541-543 L Avenue, LIVE IN ONE AND RENT OUT THE OTHER. Newly remodeled, fully permitted duplex on a large 7932 square foot corner lot. The property consists of 1) 3BD/2BTH home, potential rent is $3000-$3300, and 1) 2BD/2BTH home, potential rent is $2500-$3000. Large fully fenced yard that can be separated if desired.Each home has modern cabinetry, vinyl dual pane windows, new roof, plumbing, and electrical, separate meters.New kitchen countertops and appliances. New bathroom tile, vanities, and mirrors.New vinyl plank flooring and can lighting. Each unit complete with Mini splits-a/c and heating systems-and laundry hookups. New interior/exterior doors and hardware and interior/exterior paint.Plenty of storage space in both units, storage unit on bottom level.Minimum 4 parking spots. INVESTOR PROPERTY with potential monthly income in the $5500 to $6300 which is a net operating income in the $47,520 to $54,432 range and cap rate 4.3% to 4.9% in San Diego, which has low vacancy rates and rising rents.