902 18th, National City CA 91950 | $850,000

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0 bedrooms
0 bathrooms
0 Sq Ft
0 Lot Sq Ft
Type: Retail
Stories: 1
Year Built: 1955
MLS#: PTP2402453
Community: 91950 - National City

Listing provided courtesy of John Van Tassel of The Real Estate Agency. Last updated 2024-05-16 09:02:27.000000. Listing information © 2024 SANDICOR.

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Excellent Investment Opportunity! Current cap rate is 4.37% with the potential to increase it to a 6.5% cap rate. One block away from Highland Avenue. This property has two retail units, each at 700 square feet. The restaurant space rent has already been increased to market rate and the beauty saloon is currently below market rate with the ability to increase it to the same as the restaurant space now. This would bring you to the 6.5% cap rate. Tenants pay all their own utilities. Landlord pays taxes and insurance only.

More Details

1 Story

Parking Spots: 0.00

Catherine Black

Call or Text: 619.788.3056

Compass
San Diego, CA 92101

Phone: 619.788.3056 | Send a Message | Realtor® DRE#: #01939090

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