National City, CA 92136 523 29 Highland
$878,000
17 more
Presented By: Marty Banks with Coldwell Banker West; [email protected]
Home Details
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.
Presented By: Marty Banks with Coldwell Banker West; [email protected]
Interior Features for 523 29 Highland
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoOneAbove
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesSeeRemarks
Total Stories1
Other Rooms
Entry Level1
General for 523 29 Highland
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.7
Carport Y/NNo
CityNational City
Community FeaturesCurbs
CountySan Diego
Days on Market160
DirectionsGPS
Entry Locationfront
Garage Spaces2.0
Garage Y/NYes
Gross Income56000.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense900.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, Item1031Exchange, FHA
Lot Size Square Feet5334.0
MLS Area91950 - National City
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
Number of Units Leased3
Operating Expense0.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameHighland
Tax Lot556-311-04-00
Taxes$320
Total Actual Rent5700.0
Total Units3
Trash Expense20.0
View Y/NNo
Virtual TourClick here
Virtual TourClick here
Waterfront Y/NNo
Year Built1961
Zoningcommercial, retail stores
Exterior for 523 29 Highland
Building Area Total1912.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1225
Lot Size Area5334.0
Lot Size SourcePublicRecords
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters3
Open Parking Y/NNo
SpaNo
Total Parking2.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480