2830 E 8th, National City, CA 91950

2830 E 8th $1,675,000

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    2830 E 8th National City, CA 91950

    Closed
    SOLD 1/3/2020

    $1,675,000

    Market Estimate
    • 0.37 Acres
    • Commercial Sale
    • MLS# 190034791
    Favorite Share
    Views: 33 Days On Market: 40

    Property Details

    We are pleased to present 10 units in National City residing on four parcels. The subject properties consist of 3 u at 1427 Roosevelt, 1 - 3bed/1ba & 2 - 1bed/1ba units on a 4,311 sq. ft lot. A duplex at 2830 E 8th, 2 - 2bed/1ba on a 2,276 sq. ft lot. A 900 sq. ft 2bed/1ba single family home at 2840 E Roosevelt on a 2,277 sq. ft lot. Four units at 2908-2912 E 8th consisting of 2 - 3bed/1ba & 2 Studios on a 7,410 sq. ft lot. Combined building and lot square footage are 5,657 & 16,274 respectively. The 3 parcels on E 8th are contiguous. The property is fully occupied with most of the tenants being long term, the rents are slightly below market providing rental upside for the future owner through rent stabilization. The layout and separate parcels also create a unique exit strategy should the future owner decide to sell of the properties individually. This is an ideal investment opportunity for the value-add investor or an exchange buyer looking for a high cash-flow investment in a developing market

    Neighborhood

    91950 (National City) Demographics

    32 Median Age
    8,168 Population Density (per sq. mile)
    21% College Educated
    $41,867 Estimated Median Income
    5,406 Estimated Total Home Owners
    10,798 Estimated Total Renters
    33% / 67% Estimated Owner / Renter Divide
    4 Estimated Average Household Size
    62,078 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days

    $450,000 Median Sales Price
    6 Homes Sold
    43 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- New in Database Source
        1/3/2020 12:00:00 AM Sold Source New Value: $1,675,000
        12/3/2019 10:46:22 AM Status Changed Source New Value: Pending

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        Based on information from California Regional Multiple Listing Service, Inc. as of 2/17/2020 9:50:44 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.