1410 & 1420 A-D Coolidge Ave.

    National City, CA 91950
    • $835,000
    • STATUS: ACTIVE
    • ON SITE: 30 days
    • ID#: 180062551
    UPDATED: 58 min ago
    $835,000
    • 3
      BEDS
    • 0.26
      ACRES
    • 5
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    This listing is for two parcels being sold together - a residential fourplex property adjacent to a commercial storage lot with an office structure and a covered storage space. Each parcel is 5,756 Sq.Ft. according to the tax assessor records. There is a fence separating them. Both parcels have been rezoned as a new flexible version of residential and commercial. Seller has not surveyed the boundary between the two parcels. There is one shared water meter and sewer line for both properties. The commercial building obtains water through the wall of the apartments at 1420 Coolidge Ave. The commercial tenant is on a month to month lease and the rent has not been raised since March of 2016. Rents shown will be in effect as of January 1, 2019. Property is being sold as is. It is ready for standard upgrades which will probably support much higher income. Some banks would loan on a fourplex at better rates. The loan sited above is for both parcels at the same time from the same lender.

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    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 San Diego MLS. 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 San Diego MLS, Inc. Licensed in the state of California.
    www.impactca.com/homes/89290574

    1410 & 1420 A-D Coolidge Ave. National City, CA 91950

    • Price: $835,000
    • Status: ACTIVE
    • Updated: 58 min ago
    • ID#: 180062551
    3
    Beds
    5
    Baths
    0
    ½ Baths
    0.26
    Acres
    Neighborhood:
    National City (91950)
    County:
    San Diego
    Area:
    National City (91950)
    Property Description
    This listing is for two parcels being sold together - a residential fourplex property adjacent to a commercial storage lot with an office structure and a covered storage space. Each parcel is 5,756 Sq.Ft. according to the tax assessor records. There is a fence separating them. Both parcels have been rezoned as a new flexible version of residential and commercial. Seller has not surveyed the boundary between the two parcels. There is one shared water meter and sewer line for both properties. The commercial building obtains water through the wall of the apartments at 1420 Coolidge Ave. The commercial tenant is on a month to month lease and the rent has not been raised since March of 2016. Rents shown will be in effect as of January 1, 2019. Property is being sold as is. It is ready for standard upgrades which will probably support much higher income. Some banks would loan on a fourplex at better rates. The loan sited above is for both parcels at the same time from the same lender.
    Exterior Features

    Carports 0 Construction Stucco Parking None Parking Spaces Total 0 Roof Composition Units With Garages 0

    Interior Features

    Cooling None Heating Wall Sq Ft Of Improvement 1692 Stories 1 Story Units With Dishwashers 0 Units With Disposals 0 Units With Drapes 4 Units With Ranges 4 Units With Refrigerators 4

    Property Features

    Actual Cap Rate 3.1 Actual Cash Flow 6744 Actual Gas And Electric 0 Actual Gross Operating Income 43718 Actual Gross Scheduled Income 45540 Actual Maintenance Expense 2000 Actual Operating Expense 17719 Actual Taxes Expense 9519 Actual Total Expense 17719 Actual Total Pi Pay 19255 Actual Trash Expense 800 Actual Vacancy And Credit Loss 1822 Actual Water Sewer Expense 3000 Assumable Finance 0 Buildings 2 Financial Information Source Owner Flood Zone Hazard Unknown Geological Hazard Zone Hazard Unknown Gross Equity 815745 Gross Multiplier 18.3 Have Two Parcels Leased Apartments 5 Mandatory Remarks None Known Market Area South Bay Monthly Rent Total 3795 Motive Want Cash Out Projected Annual Pi Expense 19255 Projected Cap Rate 4.6 Projected Cash Flow 18898 Projected Fl Ins Expense 1200 Projected Fl Ins Expense1 1200 Projected Gas And Electric 0 Projected Gross Multiplier 14.3 Projected Gross Operating Inc 55872 Projected Gross Scheduled Inc 58200 Projected Maintenance Expense 2000 Projected Net Income 38153 Projected Operating Expense 17719 Projected Taxes Expense 9519 Projected Total Expense 17719 Projected Trash Expense 800 Projected Vacancy And Credit Loss 2328 Projected Water And Sewer Expense 3000 Short Sale No Sq Ft Source Tax Record Tenant Pays Electric Y Tenant Pays Gas Y Tenant Pays Water N Terms CashCash To New Loan Unit Number1 1 Unit Number2 1 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Rent Total1 475 Unit Rent Total2 800 Unit Rent Total3 700 Unit Rent Total4 570 Unit Rent Total5 1250 Unit Rent1 475 Unit Rent2 800 Unit Rent3 700 Unit Rent4 570 Unit Rent5 1250 Unit Type ApartmentOther/Remarks

    Listing provided courtesy of Apartment Consultants, Inc.. Listing information © 2018 San Diego MLS, Inc.
    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 San Diego MLS. 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 San Diego MLS, Inc. Licensed in the state of California.
     
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