523-29 Highland Avenue

National City, CA 91950

$749,000
Price
Beds
1,912 Sq. Ft.
$392 / Sq. Ft.
1,912
Sq. Ft.
$392
per Sq. Ft.

Description

Great opportunity in san diego to live in home and rent other 2 units to pay for half of mortgage. Prime Multi-Use Investment with Growth Potential: Invest in San Diego's promise with this unique 3-unit property offering diverse revenue streams and untapped income potential. Featuring just under 2000 sq. ft. of space on a 5,000+ sq. ft. lot, the property includes two commercial units, a barbershop and a bike shop along with a 1-bedroom house in the back. A potential additional room with a full bath...Great opportunity in san diego to live in home and rent other 2 units to pay for half of mortgage. Prime Multi-Use Investment with Growth Potential: Invest in San Diego's promise with this unique 3-unit property offering diverse revenue streams and untapped income potential. Featuring just under 2000 sq. ft. of space on a 5,000+ sq. ft. lot, the property includes two commercial units, a barbershop and a bike shop along with a 1-bedroom house in the back. A potential additional room with a full bath is available in a converted garage. Key Highlights: Stable Income: 4 long-term tenants with virtually no monthly upkeep. Revenue Growth: Rents haven't been raised in over 5 years, suggesting they're below market value. Location & Parking: Prime location with 15-min street parking, ideal for customer visits to the commercial units. Flexibility: Ideal for both pure investment strategies or a live-work environment. Tax Benefits: Potential tax advantages could further enhance ROI. Don't miss this limited opportunity to invest in a versatile San Diego property with both stable income and significant growth potential.
  1. Listed by Marty Banks • DRE #01933744 • Brokerage DRE #01481919 • Coldwell Banker West • homesbymartybanks@gmail.com

Property Details for 523-29 Highland Avenue

Parking Spaces Total
2
Private Pool
No
Total Units
3.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
1912
Assessor Parcel Number
556-311-04-00
Property Attached YN
true
LISTING UPDATED: 12/12/2024 04:02 AM

Property Details for 523-29 Highland Avenue

StatusActive
MLS #PTP2305688
Days on Market405
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.12 AC / 5,334 SF
CountySan Diego County

Building Information for 523-29 Highland Avenue

Stories1Residences-Year Built1961Building Size-Lot Size0.12 AC / 5,334 SF

Property Information for 523-29 Highland Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $56,000
  • Gross Scheduled Income: $56,000
  • Net Operating Income: $0
  • Cap Rate: 6.7
Expense Details
  • Operating Expense: $0
  • New Taxes Expense: $320
  • Insurance Expense: $900
  • Trash Expense: $20
  • Total Expenses: $756
Tax / Assessment Info
  • Tax Tract Number: 000412
  • Tax Lot: 556-311-04-00
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: See Remarks
Exterior Features
  • Entry Location: front
  • Fence: No
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
Parking Info
  • Garage Spaces: 2
  • Parking: No
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 523-29 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 523-29 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
Rancho de la Nacion 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.

Similar Homes

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523-29 Highland Avenue is a multi-family home for sale in National City, CA 91950. This property was listed for sale on November 16, 2023 by Coldwell Banker West, it's currently listed at $749,000. This listing's school districts are National Elementary School District, Sweetwater Union High School District. Nearby schools include Rancho de la Nacion School, National City Middle School and Sweetwater High School. 523-29 Highland Avenue is a 0-bed, 0-bath, 1,912 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker West, Marty Banks, DRE #01933744

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