National City, CA 91950,1937 L Avenue
See all 2 photos
National City, CA 91950,1937 L Avenue

$2,800,000

Est. payment /mo

$2,849,000

1.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

1937 L Avenue National City, CA 91950

0.6 Acres Lot

SOLD DATE : 03/29/2013

Key Details

Sold Price $2,800,000

Property Type Commercial

Sub Type MixedUse

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 120057587

Sold Date 03/29/13

HOA Y/N No

Lot Size 0.600 Acres

Acres 0.6

Property Description

Located at 1937 L Avenue, this is 24 unit property constructed in 1971 and consisting of 16 one bedroom, one bath units averaging 532 square feet, and 8 two bedroom, one bath units averaging 725 square feet. The property maintains nearly 100% occupancy due to the convenient location. The primary reason to purchase this property has a transferrable first trust deed of $2,112,000, at an interest only rate of 4%. The property can be purchased with a 25% down payment ($737,000) and will yield a cash-on-cash return of 8.35% before taxes.

Location

State CA

County San Diego

Area 91950 - National City

Interior

Fireplace No

Others

Tax ID 5612102900

Read Less

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Craig Stewart • Acre Investment Real Estate
Bought with Bill Anderson • Acre Investment Real Estate

Jacqueline Screeton

Agent | License ID: 01858560

+1(949) 395-4732

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.