$1,200,000
$1,100,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
0.28 Acres Lot
SOLD DATE : 10/16/2023
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision National City
MLS Listing ID 230016534SD
Sold Date 10/16/23
HOA Y/N No
Year Built 1970
Lot Size 0.283 Acres
Property Description
Investment opportunity awaits at 912-916 Arcadia Pl, National City. This 4-unit property, positioned on a 12,000+ sq ft lot, is a true cash cow. Each unit is well-maintained, offering a stable income. The potential for an additional ADU provides a unique value add opportunity. Located in a growing community known for its upside, this property is near shopping, dining, and transportation. Don't miss this chance to invest in a property with strong returns and growth potential. Contact us for a tour! Investment Opportunity Awaits at 912-916 Arcadia Pl, National City! Introducing a remarkable investment opportunity in the heart of National City's growing community. This multi-unit property, a true cash cow, consists of 4 units nestled on a generous 12,000+ square foot lot. 4 Units Total: Each unit is well-maintained and offers comfortable living space for tenants, providing a stable income stream. Value Add Opportunity: There's a potential to significantly increase the value of this property by increasing rents or adding an additional dwelling unit (ADU). With a sprawling oversized 12,000+ sq ft lot, the outdoor space offers plenty of room for landscaping, parking, or future development. National City is recognized for its growth and positive trajectory. This property sits in a location with incredible upside potential. Whether you're an experienced investor or new to the market, 912-916 Arcadia Pl offers an excellent return on investment. The property's existing units generate substantial revenue, and the possibility of adding an ADU presents a unique opportunity to further maximize returns. National City is an area on the rise, known for its community-driven atmosphere and increasing demand. Situated in a convenient location near shopping centers, dining options, and public transportation, this property offers both comfort and convenience to potential tenants. Don't Miss Out! With a combination of steady cash flow and exciting growth potential, 912-916 Arcadia Pl is a must-see for any serious investor. Contact your agent today and explore the limitless possibilities this multi-unit property offers.
Location
State CA
County San Diego
Area 91950 - National City
Building/Complex Name National City
Zoning R-4:MULTIP
Interior
Heating Combination, Electric, Natural Gas
Cooling None
Fireplace No
Exterior
Fence Partial
Pool None
View Y/N No
Roof Type Composition
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 5580210800
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Sergio Pena • Coldwell Banker West
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner