2247 Prospect 2247 Prospect National City, CA 91950
3 Bed
1 Baths
1300 sqft
MLS# 260023062
Rare opportunity to own a detached 3-bedroom home with four additional income-producing units on an approximately 28,000 SF (.64-acre) lot in National City. The separate 3-bedroom residence offers the privacy and feel of a single-family home, while the four additional residential units provide substantial rental income and long-term investment potential. An ideal setup for an owner-occupant looking to offset housing costs with rental income, a multi-generational buyer, or an investor seeking multiple income streams on one property. The property consists of five total residential units across four separate buildings, offering separation and privacy not typically found in a multi-unit property. Current rents are below projected market levels, providing meaningful upside as units turn over. Generous lot size, ample parking and multiple outdoor areas add to the property's flexibility and appeal. Live in the detached 3-bedroom home and let the additional four units help pay for the property, or maximize the income potential of the entire asset.
Listing Courtesy of San Diego, CA MLS / Listed By: John Ronis, Coldwell Banker Realty
$1,599,000 (USD)
National City Area Multi-Family Home
Active
2241-2247 Prospect National City, CA 91950
12 Bed
5 Baths
5046 sqft
MLS# 260023075
2241-2247 Prospect Street offers two distinct investment strategies in one asset. A value-add investor can pursue substantial rental upside across the property, while an owner-user can occupy the detached three-bedroom home and benefit from income generated by the four additional units. The physical separation of the detached residence from the income units is a meaningful differentiator for buyers who want the economics of multifamily ownership without living in a conventional apartment setting. The current rent roll is materially below the stated conservative pro forma. Excluding the owner-occupied unit, current collected rent totals approximately $8,300 per month. Stabilized pro forma rent across all five units is approximately $13,550 per month, creating approximately $5,250 per month / $63,000 per year of potential gross rental upside before considering vacancy, collection loss, turnover costs, repairs, capital expenditures or other operating expenses. This property is located in one of the most desirable areas of National City with peek-a-boo views of the Bay.
Listing Courtesy of San Diego, CA MLS / Listed By: John Ronis, Coldwell Banker Realty
San Diego, CA MLS / Listed By: John Ronis, Coldwell Banker Realty