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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $1,714
Subdivision National City
MLS Listing ID 230016534
Sold Date 10/16/23
Bedrooms 9
Full Baths 5
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
Community National City
Area National City (91950)
Building/Complex Name National City
Zoning R-4:MULTIP
Interior
Heating Electric, Natural Gas
Appliance Combination Heating
Exterior
Exterior Feature Stucco, Wood/Stucco
Parking Features Unit1:N/K Unit2:N/K Unit3:N/K Unit4:N/K
Fence Partial
Community Features RV/Boat Parking, N/K, Other/Remarks
Complex Features RV/Boat Parking, N/K, Other/Remarks
Roof Type Composition,Other/Remarks
Building
Story 1
Lot Size Range .25 to .5 AC
Sewer Sewer Connected
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $1,910
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Sergio O Pena • Coldwell Banker West