• 523 29 Highland National City, CA 92136

  • $878,000
  • 0
    Bed(s)
  • 0
    Baths
  • 1,912
    Sq Ft
  • 5334
    Sqft
  • Listed By: Marty Banks, Coldwell Banker West, DRE #01933744
  • Source: CRMLS

GREAT OPPORTUNITY IN SAN DIEGO TO LIVE IN HOME AND RENT OTHER 2 UNITS TO PAY FOR HALF OF MORTGAGE. Prime Multi-Use Investment with Growth Potential: Invest in San Diego's promise with this unique 3-unit property offering diverse revenue streams and untapped income potential. Featuring just under 2000 sq. ft. of space on a 5,000+ sq. ft. lot, the property includes two commercial units, a barbershop and a bike shop along with a 1-bedroom house in the back. A potential additional room with a full bath is available in a converted garage. Key Highlights: Stable Income: 4 long-term tenants with virtually no monthly upkeep. Revenue Growth: Rents haven't been raised in over 5 years, suggesting they're below market value. Location & Parking: Prime location with 15-min street parking, ideal for customer visits to the commercial units. Flexibility: Ideal for both pure investment strategies or a live-work environment. Tax Benefits: Potential tax advantages could further enhance ROI. Don't miss this limited opportunity to invest in a versatile San Diego property with both stable income and significant growth potential.

Property Type :

Residential Income

County :

San Diego

Style :

Residential Income

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Property Details

 

Bathroom Information

Total Baths: 0

Cooling Features

Air Conditioning

Heating Source

Has Heating

Fireplace

Has Fireplace: 0

Building Information

Year Built: 1961

Building Area Total: 1,912

Pool Features

None

Laundry Features

See Remarks

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1225

Lot Size Source: Public Records

Lot Size Square Feet: 5334

Listing Price Information

Original List Price: 878,000

Listing Contract Date: 2023-11-16

Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5563110400

Garage and Parking

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active

Source Neighborhood: 91950 - National City

Directions: GPS

Zoning: commercial, retail stores

Source Property Type: Residential Income

Area: 91950 - National City

Building and Construction

Property Age: 63

Common Walls: No One Above

Year Built Source: Vendor Enhanced

Entry Level: 1

Entry Location: front

Property Attached: Yes

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ByOwner last updated this listing 05/21/2024 @ 12:47

MLS: PTP2305688
LISTED BY: Marty Banks, Coldwell Banker West
SOURCE: CRMLS
Buyer Agency Compensation: 3%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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