1329 Highland Avenue

National City, CA 91950

$999,000
Price
4
Beds
3
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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 RETAIL building, offering significant expansion opportunities. 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...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 RETAIL building, offering significant expansion opportunities. 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 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).
  1. Listed by Ramin Karimi • DRE #02076734 • Brokerage DRE #01319244 • Pemberley Realty Inc.

Property Details for 1329 Highland Avenue

Zoning
MCR-2
Cross Streets
Highland and 13th
Source Living Area
Assessor
Area
National City (NAC)
Lot Size Area
6646
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
LISTING UPDATED: 11/19/2024 11:13 AM

Property Details for 1329 Highland Avenue

StatusActive
MLS #240027039SD
Days on Market3
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.15 AC / 6,646 SF
CountySan Diego County

Building Information for 1329 Highland Avenue

Stories1Residences-Year Built1954Building Size-Lot Size0.15 AC / 6,646 SF

Property Information for 1329 Highland Avenue

Community / Development
Community / Development
  • Complex Name: n/a
  • Number Of Units: 3
  • Pets Allowed: Yes
  • Amenities: Assoc Barbecue, BBQ
  • Association Fees Include: Limited Insurance, Water
  • Builders Tract Name: Highland Ave
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: Yes
  • View Description: City, Evening Lights, Other
  • Security Features: None
  • Sewer: Sewer Connected
  • Water Heater Features: Gas
  • Water District: SWEETWATER AUTHORITY
Contract Info
Contract Info
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $61,827.00
  • Gross Scheduled Income: $72,600
  • Cap Rate: 6.60%
  • Gross Rent Multiplier: $14.00
  • Other Income1: $.00
  • Total Annual Expense: 10773
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.15
  • Lot Description: Curbs
  • Lot Location: Other/Remarks
Parking Details
Parking Details
  • Parking Garage: RV Possible
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Wall/Window
  • Heating Type: Natural Gas, Wall
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, Exchange, FHA, Seller May Carry
  • Tenant Pays: Cable TV, Electricity, Gardener, Gas/Propane, Hot Water, Sewer, Trash Collection, Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,350.00
  • Unit Actual Rent: $2,350.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,700.00
  • Unit Actual Rent: $1,700.00
  • Unit Projected Rent: $2,550.00
  • Like Units: 1
Unit 3 Information
  • Unit Baths: 1
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,650.00
  • Like Units: 1

Property History for 1329 Highland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1329 Highland Avenue

This home is within National Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
John A. Otis Elementary School
PublicK to 6

National City Middle School
Public7 to 8

Sweetwater High School
Public9 to 12

Integrity Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1329 Highland Avenue is a multi-family home for sale in National City, CA 91950. This property was listed for sale on November 18, 2024 by Pemberley Realty Inc., it's currently listed at $999,000. It has been on the market for a total of 3 days and was last sold on September 16, 2014. This listing's school districts are National Elementary School District, Sweetwater Union High School District. Nearby schools include John A. Otis Elementary School, National City Middle School and Sweetwater High School. 1329 Highland Avenue is a 4-bed, 3-bath, multi-family home built in 1954.

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Listing Courtesy of Pemberley Realty Inc., Ramin Karimi, DRE #02076734

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