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Glen Henderson

[email protected] +1(619) 889-7646

$1,599,000

Est. payment - /mo

12 Beds

5 Baths

5,046 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 5,046 sqft

Price per Sqft $316

MLS Listing ID 260023075

Bedrooms 12

Full Baths 5

Property Sub-Type Com-Res Income

Property Type Com-Res Income

Property Description

2241-2247 Prospect Street offers two distinct investment strategies in one asset. A value-add investor can pursue substantial rental upside across the property, while an owner-user can occupy the detached three-bedroom home and benefit from income generated by the four additional units. The physical separation of the detached residence from the income units is a meaningful differentiator for buyers who want the economics of multifamily ownership without living in a conventional apartment setting. The current rent roll is materially below the stated conservative pro forma. Excluding the owner-occupied unit, current collected rent totals approximately $8,300 per month. Stabilized pro forma rent across all five units is approximately $13,550 per month, creating approximately $5,250 per month / $63,000 per year of potential gross rental upside before considering vacancy, collection loss, turnover costs, repairs, capital expenditures or other operating expenses. This property is located in one of the most desirable areas of National City with peek-a-boo views of the Bay.

Location

State CA

County San Diego

Area South Bay

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Others

Senior Community No

Tax ID 561-420-08-00

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Listed by John Ronis, DRE#01846535 Coldwell Banker Realty

Nearby School & Business

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Glen Henderson

+1(619) 889-7646

Broker Associate CA BRE #01384181

San Diego Communities

2241-2247 Prospect National City, CA 91950

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information