2904 E 16th Street

National City, CA 91950


Photo Slider

6 photos

Listing Price








Glen Henderson

Schedule an obligation free tour to see this property

Key Details

Property Type: Com-Res Income

Lot Size: 0.87 Acres

Purchase Type: For Sale

Listing Status: Active

MLS Listing ID: 180011778

Property Description

INTERIOR UNITS WILL BE SHOWN 12pm-2PM ON THURSDAY (6/14/18). BEST DEAL ON MARKET. BRING ALL OFFERS. 6 units that are value add with severely under market rents, or to redevelop into 6 detached 2600 SF homes. Unit mix consist of 1-3br/1bt House, 1-2br/1bt House, and 4-1br/bt units. The property contains 3 parcels (558-210-20-00;23;24) that sit on a 38,101 SF lot. Current owner has started process to redevelop units into 6-4br/2bt detached homes. Another option is for the new owner to rehab units and bring rents to market. Proforma Cap Rate estimated at 6.82% and ProForma GRM estimated at 10.15. These options will allow an investor to have strong cash flow as he plans to develop or obtain a strong cash flowing property have rehabbing units.


State: CA

County: San Diego


Elementary Schools: John Otis Elementary School,Olivewood Elementary School,Lincoln Acres Elementary School

School District: National Elementary School District

Neighborhood Demographic


Glen Henderson

Broker Associate CA BRE #01384181

We respect your privacy! Your information WILL NOT BE SHARED, SOLD, or RENTED to anyone, for any reason outside the course of normal real estate exchange.By submitting, you agree to our Terms of Use and Privacy Policy.

Estimate Payments

Advanced Simple
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.

Glen Henderson

Get free info from a real estate professional