Listing provided courtesy of John Van Tassel of The Real Estate Agency. Last updated 2024-05-16 09:02:27.000000. Listing information © 2022 Sandicor.

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Asking Price: $850,000

902 18th, National City CA 91950

Community: 91950 - National City

This Retail property was built in 1955 and is priced at $850,000. Please see the additional details below.

0 Sq Ft
0 bathrooms
0 bedrooms
MLS#: PTP2402453
Type: Retail
Year Built: 1955

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.

Call or Email Ever Eternity now to inquire about this property

858-688-4113

Information

Address:	1111 Prospect St, Suite 100 La Jolla CA 92037
Phone:	858-688-4113
E-mail:	Send a Message
DRE#:	01794847

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