1329-35 Highland Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1329-35 Highland Ave
2,463 SF 100% Leased Retail Building National City, CA 91950 £782,442 (£318/SF) 7.25% Net Initial Yield
Investment Highlights
- nvestment Potential: The property is zoned MCR-2 Multi-Use Commercial-Residential (45 du/ac max) to allow the addition of up to 3 more units on top
- Located on one of the busiest streets in San Diego County, this property offers a fantastic mix of residential income and commercial potential.
Executive Summary
Unit 1329: Recently remodeled in 2020, this unit is currently generating $2,350 per month. The tenants have been there for 6 months and are on a month-to-month lease.
Unit 1333: A long-term tenant has enjoyed this unit for over 17 years. This Section 8 tenant pays approximately $1,700 per month.
Commercial Building: The front commercial space has a reliable tenant who has been in place for over 5 years, paying $2,000 per month. He is in month to month and willing to increase the rent
Investment Potential: The property is zoned MCR-2 Multi-Use Commercial-Residential (45 du/ac max) to allow the addition of up to 3 more units on top of the commercial building, offering significant expansion opportunities.
Located on one of the busiest streets in San Diego County, this property offers a fantastic mix of residential income and commercial potential. Situated across from Walmart, the residential units are set back from the street, providing a peaceful environment.
Don’t miss out on this versatile property with great rental income and future development potential! Verify all information before Close of Escrow (COE).
Unit 1333: A long-term tenant has enjoyed this unit for over 17 years. This Section 8 tenant pays approximately $1,700 per month.
Commercial Building: The front commercial space has a reliable tenant who has been in place for over 5 years, paying $2,000 per month. He is in month to month and willing to increase the rent
Investment Potential: The property is zoned MCR-2 Multi-Use Commercial-Residential (45 du/ac max) to allow the addition of up to 3 more units on top of the commercial building, offering significant expansion opportunities.
Located on one of the busiest streets in San Diego County, this property offers a fantastic mix of residential income and commercial potential. Situated across from Walmart, the residential units are set back from the street, providing a peaceful environment.
Don’t miss out on this versatile property with great rental income and future development potential! Verify all information before Close of Escrow (COE).
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£56,336
|
£44.29
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£56,336
|
£44.29
|
| Taxes |
£4,928
|
£3.87
|
| Operating Expenses |
£1,135
|
£0.89
|
| Total Expenses |
£6,062
|
£4.77
|
| Net Operating Income |
£50,274
|
£39.52
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £56,336 |
| Annual Per SF | £44.29 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £56,336 |
| Annual Per SF | £44.29 |
| Taxes | |
|---|---|
| Annual | £4,928 |
| Annual Per SF | £3.87 |
| Operating Expenses | |
|---|---|
| Annual | £1,135 |
| Annual Per SF | £0.89 |
| Total Expenses | |
|---|---|
| Annual | £6,062 |
| Annual Per SF | £4.77 |
| Net Operating Income | |
|---|---|
| Annual | £50,274 |
| Annual Per SF | £39.52 |
Property Facts
Sale Type
Investment
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Building Size
2,463 SF
Building Class
C
Year Built/Renovated
1954/2019
Price
£782,442
Price Per SF
£318
Net Initial Yield
7.25%
NOI
£56,727
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.38
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
MCR-2 - MCR-2 Multi-Use Commercial-Residential (45 du/ac max) to allow addition of up to 3 more units
Parking
5 Spaces (2.03 Spaces per 1,000 SF Leased)
Frontage
54 ft on Highland Ave
Amenities
- 24 Hour Access
- Bus Route
- Wheelchair Accessible
- Smoke Detector
Walk Score ®
Walker's Paradise (90)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 561-013-18 | Total Assessment | £334,200 (2024) |
| Land Assessment | £167,791 (2024) | Annual Taxes | £4,928 (£2.00/sf) |
| Improvements Assessment | £166,409 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
561-013-18
Land Assessment
£167,791 (2024)
Improvements Assessment
£166,409 (2024)
Total Assessment
£334,200 (2024)
Annual Taxes
£4,928 (£2.00/sf)
Tax Year
2023
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1329-35 Highland Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.