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42 48 E 5th St

National City, CA 91950
  • $1,700,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: NDP2501848
UPDATED: 53 min ago
$1,700,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1940
County:

School Ratings & Info

Listing Agent(s): Ava Khamooshi of AK Broker (619-212-0856)


Description

High Cap Rate & VA-Approved. BRAND NEW REMODELED FOURPLEX IN THE BOOMING RENTAL MARKET OF NATIONAL CITY! This fully renovated 4-unit investment property offers a turnkey opportunity for first-time homebuyers or savvy investors seeking strong rental income. Boasting a high cap rate, this VA-approved property is perfect for veterans looking to own an income-generating asset. The property consists of four beautifully upgraded units. Two of the units are 1-bedroom, 1-bath cottages (407 sq. ft. and 600 sq. ft.), while the other two units offer more space, including a 1-bedroom, 1-bath unit with an extra optional bedroom (856 sq. ft.) and a 2-bedroom, 2-bath unit (885 sq. ft.). Each unit has been fully upgraded with brand-new kitchens, bathrooms, hardwood flooring, fencing, landscaping, and fresh paint throughout. The front structure features new construction, with completely replaced foundation, electrical, and plumbing in the front-right unit. Every unit is equipped with brand-new AC mini-splits and washer/dryer units for maximum comfort and convenience. The property is low maintenance with excellent security, featuring circle security cameras on each unit and two gated entrances"one in the front and one in the back. It also offers four assigned parking spaces, with plenty of additional street parking. The largest unit has in-unit washer/dryers, while others use a community laundry room. Located just 7 miles from downtown San Diego, National City is a prime rental location with easy access to Coronado Bridge, San Diego Bay, and the 5 Highway. The area offers the perfect balance of city and suburban living, with a strong military presence due to the Naval Base San Diego. Nearby amenities include Kimball Park, just an 11-minute walk away, which features baseball and softball fields, a picnic area, and a skate park. Dorothy Petway Neighborhood Park, just a 2-minute drive away, offers a playground, trails, and picnic areas. Paradise Creek Educational Park, only 3 minutes away, provides scenic walking trails and a playground. The property is also in close proximity to major public transportation, with a 2-minute walk to bus stops, walking distance to Subway, and just a 12-minute drive to San Diego International Airport. Don't miss this exceptional investment opportunity in one of San Diegos fastest-growing rental markets!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-17T07:27:38.453. 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 Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/160892375
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42 48 E 5th St National City, CA 91950

  • Price: $1,700,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 53 min ago
  • ID#: NDP2501848
0
Beds
0
Baths
0
½ Baths
0.14
Acres
1940
Built
Neighborhood:
91950 - National City
County:
San Diego
Area:
91950 - National City
Property Description
High Cap Rate & VA-Approved. BRAND NEW REMODELED FOURPLEX IN THE BOOMING RENTAL MARKET OF NATIONAL CITY! This fully renovated 4-unit investment property offers a turnkey opportunity for first-time homebuyers or savvy investors seeking strong rental income. Boasting a high cap rate, this VA-approved property is perfect for veterans looking to own an income-generating asset. The property consists of four beautifully upgraded units. Two of the units are 1-bedroom, 1-bath cottages (407 sq. ft. and 600 sq. ft.), while the other two units offer more space, including a 1-bedroom, 1-bath unit with an extra optional bedroom (856 sq. ft.) and a 2-bedroom, 2-bath unit (885 sq. ft.). Each unit has been fully upgraded with brand-new kitchens, bathrooms, hardwood flooring, fencing, landscaping, and fresh paint throughout. The front structure features new construction, with completely replaced foundation, electrical, and plumbing in the front-right unit. Every unit is equipped with brand-new AC mini-splits and washer/dryer units for maximum comfort and convenience. The property is low maintenance with excellent security, featuring circle security cameras on each unit and two gated entrances"one in the front and one in the back. It also offers four assigned parking spaces, with plenty of additional street parking. The largest unit has in-unit washer/dryers, while others use a community laundry room. Located just 7 miles from downtown San Diego, National City is a prime rental location with easy access to Coronado Bridge, San Diego Bay, and the 5 Highway. The area offers the perfect balance of city and suburban living, with a strong military presence due to the Naval Base San Diego. Nearby amenities include Kimball Park, just an 11-minute walk away, which features baseball and softball fields, a picnic area, and a skate park. Dorothy Petway Neighborhood Park, just a 2-minute drive away, offers a playground, trails, and picnic areas. Paradise Creek Educational Park, only 3 minutes away, provides scenic walking trails and a playground. The property is also in close proximity to major public transportation, with a 2-minute walk to bus stops, walking distance to Subway, and just a 12-minute drive to San Diego International Airport. Don't miss this exceptional investment opportunity in one of San Diegos fastest-growing rental markets!
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 2 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes Spa YN No View YN No

Interior Features

Appliances DryerWasher Common Walls 2+ Common Walls Cooling YN No Fireplace YN No Heating YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.2 Community Features Urban Garage YN Yes Gross Income 122340 Gross Scheduled Income 122340 Insurance Expense 19000 Land Lease YN No Laundry Features Common AreaInsideOutside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalFHAVA Loan Net Operating Income 88340 New Construction YN No New Taxes Expense 20000 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 34000 Rent Control YN No Senior Community YN No Sewer Other Special Listing Conditions Standard Total Actual Rent 10195 Trash Expense 0 Vacancy Allowance 0 Water Sewer Expense 0 Zoning Multifamily Residential



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-17T07:27:38.453. 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 Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
5110 W. Cypress Ave.
Visalia CA, 93277
Listing Agent(s): Ava Khamooshi of AK Broker (619-212-0856)