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    131 18th Street E

    National City, CA 91950
    • $1,558,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: NDP2001422
    UPDATED: 54 min ago
    $1,558,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,532
      SQFT
    • $615
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1959
    County:

    School Ratings & Info

    Description

    The Romero Apartments is a 5 unit apartment complex located in the heart of National City, within walking distance of transportation, restaurants and retail. The property was originally built in 1959 and had a complete remodel in 2010 with a new roof. Since 2017 through 2020, 4 units have undergone remodeling as tenants vacated including; flooring, kitchens, bathrooms, upgraded appliances and plumbing. Property is comprised of 5 - 1 bedroom, 1 bath units totaling approximately 2,300 rentable square feet. There is a small utility room that could be easily converted to a laundry room with a single washer and dryer, currently being used as storage. There are 6 on-site parking spaces and ample street parking. Each unit is separately metered for Gas and Electricity, water is paid by Landlord.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-24T12:28:59.09. 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 deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

    www.thealvaradobrothers.com/homes/111112058
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    131 18th Street E National City, CA 91950

    • Price: $1,558,000
    • Status: Active
    • Updated: 54 min ago
    • ID#: NDP2001422
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,532
    SQFT
    $615
    $/SQFT
    1959
    Built
    Neighborhood:
    91950 - National City
    County:
    San Diego
    Area:
    91950 - National City
    Property Description
    The Romero Apartments is a 5 unit apartment complex located in the heart of National City, within walking distance of transportation, restaurants and retail. The property was originally built in 1959 and had a complete remodel in 2010 with a new roof. Since 2017 through 2020, 4 units have undergone remodeling as tenants vacated including; flooring, kitchens, bathrooms, upgraded appliances and plumbing. Property is comprised of 5 - 1 bedroom, 1 bath units totaling approximately 2,300 rentable square feet. There is a small utility room that could be easily converted to a laundry room with a single washer and dryer, currently being used as storage. There are 6 on-site parking spaces and ample street parking. Each unit is separately metered for Gas and Electricity, water is paid by Landlord.
    Exterior Features

    Carport Spaces 0.00 Lot Features Front Yard Parking Total 6.00 Roof Asphalt Uncovered Spaces 6.00

    Interior Features

    Laundry Features None

    Property Features

    Additional Parcels YN No Advertising Expense 0.00 Building Area Units Square Feet Cap Rate 3.90 Expense Year 2020 Gross Scheduled Income 81120.00 Insurance Expense 500.00 Investment Property YN Yes Laundry YN No Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 60840.00 Number Of Units Leased 4 Occupancy Occupied Operating Expense 20280.00 Park Name Romero Apartments Property Sub Type Multi Family Real Estate Tax Expense 9435.00 Special Listing Conditions Standard Tax Annual Amount 9435.00 Tax Year 2020 Total Expenses 20280.00 Trash Expense 700.00 Vacancy Allowance 0 Water Source Public Zoning Commercial - Apartment H

    Listing provided courtesy of Mia Worley of Luxre Realty Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-24T12:28:59.09. 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 deemed reliable but is not guaranteed accurate by the MLS or The Alvarado Brothers | Ever Stewart Alvarado Broker. Licensed in the State of California, USA.

     
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