2241 Prospect, National City, CA 91950
2241 Prospect, National City, CA 91950
2241 Prospect, National City, CA 91950
2241 Prospect, National City, CA 91950
2241 Prospect, National City, CA 91950
2241 Prospect, National City, CA 91950
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Travis Breton

Travis Breton

+1(760) 470-2752
$ 1,599,000
Est. payment | /mo
Save
$ 1,599,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 260023075SD

HOA Y/N No

Property Sub-Type Mixed Use

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 91950 - National City

Interior

Fireplace No

Others

Tax ID 5614200800

CRMLS Full IDX Feed (MAIN Website Search)
Listed by John Ronis Coldwell Banker Realty #01846535

Nearby Locations

Travis Breton

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 470-2752

travisbreton@gmail.com

1902 Wright Place #200, Carlsbad, CA 92008, USA

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree to receive recurring marketing communication from Rise Realty, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

By checking this box, I agree to the Terms of Service and Privacy Policy of this website.

Go tour this home

2241 Prospect

California Real Estate

 

Welcome to RiseRealtyCA.com, your one-stop source for California real estate.

 

Use our state-of-the-art property search, including an interactive map search, to find homes for sale in California. These listings are updated daily from the MLS.

 

Or, use our Community Guide to help you in your search for California real estate listings. Our community searches will keep you up to date with the latest properties in the areas you are interested in.

 

And, for your convenience, be sure to register for a free account to receive email notifications whenever new homes for sale come on the market that match your specific criteria, and save your favorite properties for quick and easy access whenever you need — it's fast, easy, automatic and FREE! With a Property Tracker account, you'll be among the first to know about the newest homes for sale in California.

 

Thanks for visiting RiseRealtyCA.com, home of exquisite properties and excellent service.