505 E 4th St - 505 E 4th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
505 E 4th St - 505 E 4th St
1 Unit Apartment Building Offered at $899,999 at a 3.80% Cap Rate in National City, CA 91950
Investment Highlights
- Fully renovated 4BR 2BA home featuring a brand new roof, full ABS plumbing upgrade, electrical upgrades, new solar (paid), and much more!
- Permit Ready plans included in sale to build two new construction 3BR 3BA units which will add tremendous new equity to the property
- Perfectly suited for any owner occupant (FHA, VA, conventional) buyer, as well as an investor looking for a turnkey property with HUGE upside
- Not a flipper lipstick deal! All upgrades done meticulously through permits and city inspections, with final sign off
- Once constructed, projected underwriting yields roughly $700,000 of new equity for a buyer to capture (see enclosed)
- Amazing National City location just 10 mins to downtown San Diego, and 6 mins to the tremendous National City Bayfront development project
Executive Summary
Move-In Ready home plus Permit Ready 2 unit Development! The Browar Group is honored to present for sale this lovely, no-expense-sparred Craftsman redesign and to the studs remodel, with an incredible opportunity attached to it. Boasting a modern open floor plan, the home features 4 large sized bedrooms, 2 bathrooms, and all the bells and whistles such as in unit laundry, central HVAC and off street parking via a single car garage. The owners have, ALL WITH PERMITS, enhanced nearly every inch of this property and the shopping list of upgrades is any buyer's dream to read. And that isn't even the best part, as the owners hold permit ready plans to add TWO new construction 3BR 3BA units in the back, on top of three new garages! The plans come with the sale; all a buyer needs to do is pay permit fees and they are off to the races towards creating a substantial amount of equity and profit in the property. Please see enclosed marketing package for all the info you will need to be sold on making this home yours today! Buyer to verify all herein is accurate and true. CALL FLORIAN SIGHE FOR MORE INFORMATION AND TOURS: 619-894-3030 | florian@thebrowargroup.com
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$147,600
|
$113.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$147,600
|
$113.54
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$25,992
|
$19.99
|
| Net Operating Income |
$121,608
|
$93.54
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $147,600 |
| Annual Per SF | $113.54 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $147,600 |
| Annual Per SF | $113.54 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $25,992 |
| Annual Per SF | $19.99 |
| Net Operating Income | |
|---|---|
| Annual | $121,608 |
| Annual Per SF | $93.54 |
Property Facts
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Deck
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $4,100 | 1,300 |
1 of 1
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (72)
-
Josh Browar -
Florian Sighe -
The Browar Group
1 of 39
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
505 E 4th St - 505 E 4th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.