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    632 E 2nd Street

    National City, CA 91950
    • $750,000
    • STATUS: Active Under Contract
    • ON SITE: 118 days
    • ID#: PW20103585
    Under Contract
    UPDATED: 209 min ago
    $750,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,450
      SQFT
    • $306
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    Money maker! Pay the mortgage with the rent! 4 bedroom detached house plus 3 bedroom detached second house on property. Perfect opportunity for an owner-occupant to live in the front house and obtain up to $2,000 per month from the rear house to reduce his housing cost. Front house has new kitchen, new bathrooms, new double-pane windows, new cabinets, new stove and near-new refrigerator as well as easy maintenance luxury vinyl plank flooring throughout. Easy-care, water-friendly front and side yards with succulents as well as fruit trees. The rear house has three bedrooms and one bath with granite kitchen counters, vinyl-plank flooring and a master bedroom with a second entrance. It has a fully-fenced yard with banana, fig, lemon and guava trees surrounding the rear yard area. There is a storage shed at the rear corner of the yard. Electricity to the rear house is sub-metered. Shared washer/dryer between the two houses. Actual addresses are 630 for the front house and 632 for the rear house. All square footage measurements are approximate. Photos of the rear house were taken prior to occupancy by the current tenant. Rental income for the rear house is projected. No local rent control, but property is subject to state regulations.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-27T00:28:25.74. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

    www.legacy15.com/homes/106397625
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    632 E 2nd Street National City, CA 91950

    • Price: $750,000
    • Status: Active Under Contract
    • Updated: 209 min ago
    • ID#: PW20103585
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,450
    SQFT
    $306
    $/SQFT
    1953
    Built
    Neighborhood:
    NAC - National City
    County:
    San Diego
    Area:
    NAC - National City
    Property Description
    Money maker! Pay the mortgage with the rent! 4 bedroom detached house plus 3 bedroom detached second house on property. Perfect opportunity for an owner-occupant to live in the front house and obtain up to $2,000 per month from the rear house to reduce his housing cost. Front house has new kitchen, new bathrooms, new double-pane windows, new cabinets, new stove and near-new refrigerator as well as easy maintenance luxury vinyl plank flooring throughout. Easy-care, water-friendly front and side yards with succulents as well as fruit trees. The rear house has three bedrooms and one bath with granite kitchen counters, vinyl-plank flooring and a master bedroom with a second entrance. It has a fully-fenced yard with banana, fig, lemon and guava trees surrounding the rear yard area. There is a storage shed at the rear corner of the yard. Electricity to the rear house is sub-metered. Shared washer/dryer between the two houses. Actual addresses are 630 for the front house and 632 for the rear house. All square footage measurements are approximate. Photos of the rear house were taken prior to occupancy by the current tenant. Rental income for the rear house is projected. No local rent control, but property is subject to state regulations.
    Exterior Features

    Architectural Style See Remarks Carport Spaces 0.00 Construction Materials Drywall WallsFrameStucco Direction Faces North Entry Level 1 Entry Location Front Fence YN Yes Fencing Wood Garage Spaces 0.00 Lot Features 11-15 Units/AcreBack YardFront YardGardenLandscapedLawnLevel With StreetLot 6500-9999Rectangular LotLevelNear Public TransitUtilities - OverheadYard Lot Size Source Assessor Lot Size Units Square Feet Other Structures OutbuildingStorageTwo On A Lot Parking Features DrivewayAsphaltPavedDriveway LevelPrivatePublicUncovered Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Asbestos Shingle Uncovered Spaces 2.00 View None View YN No

    Interior Features

    Appliances Self Cleaning OvenGas OvenGas Water HeaterRefrigeratorSelf Cleaning OvenWater Heater Appliances YN Yes Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling ElectricGas Cooling YN Yes Fireplace Features None Fireplace YN No Flooring Vinyl Heating CentralWall FurnaceNatural Gas Heating YN Yes Interior Features Granite CountersUnfurnished Laundry Features CommunityDryer IncludedGas Dryer HookupOutsideSee RemarksWasher HookupWasher Included Levels One Room Type All Bedrooms DownGreat RoomKitchenLiving RoomMain Floor BedroomMain Floor Master BedroomMaster Bedroom Window Features Double Pane WindowsScreens

    Property Features

    Accessibility Features No Interior Steps Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.30 Community Features Suburban Country Us Current Financing None Electric Standard Electric Expense 6678.00 Elevation Units Feet Fuel Expense 0.00 Garage Income 0.00 Gardener Expense 1160.00 Gross Income 0.00 Gross Multiplier 14.90 Gross Operating Income 49492.00 Gross Scheduled Income 50400.00 Insurance Expense 1552.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 0.00 Laundry YN Yes Maintenance Expense 2000.00 Net Operating Income 24745.00 New Construction YN No New Taxes Expense 9382.00 Number Of Separate Electric Meters 1 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Number Of Units Leased 1 Number With Carpet 0 Number With Dishwasher 0 Number With Disposal 0 Number With Drapes 0 Number With Patio 0 Number With Range 2 Number With Refrigerator 2 Operating Expense 24747.00 Operating Expense Percent 49.00 Other Expense 1500.00 Other Expense Description Reserves Professional Management Expense 2475.00 Property Condition TurnkeyUpdated/Remodeled Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Telephone Total Actual Rent 1800.00 Total Expenses 24747.00 Trash Expense 0.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 1008 Vacancy Allowance Rate 2.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Public Records Zoning R4

    Listing provided courtesy of Carl Reinhart of Carl Reinhart, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-27T00:28:25.74. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.

     
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