2027 31 E Avenue
Property Overview
Income-producing investment opportunity in centrally located National City! Reported annual rental income of $127,200 and operating expenses of $23,563 yield an estimated annual NOI of $103,637. A recent appraisal valued the property at $1,550,000, representing an approximately 6.69% NOI yield on appraised value before debt service. The appraisal confirmed approximately 3,292 square feet of combined living area across four residences: three 2-bedroom, 1-bath units and one spacious 3-bedroom, 2-bath unit. Situated on a 7,815-square-foot lot with on-site parking for up to six vehicles, the property offers multiple rental income streams and the flexibility to explore living in one residence while renting the others. Conveniently located near parks, schools, grocery stores, dining and Plaza Bonita, with easy access to I-5, I-805 and SR-54.
Home Details
- Property type
- Residential Income
- Year built
- 1950
- Lot size
- 7,815 sq ft
- Parking
- 6 spaces
- Garage
- 6 spaces
- Stories
- 1
- Days on market
- 21
- MLS status
- Active
- Zoning
- R-4:MULTIPLE RESIDENTIAL
Features & Amenities
Pool
- None
Lot
- Zero To One Unit Acre
- Back Yard
Location & Neighborhood
Frequently Asked Questions About 2027 31 E Avenue
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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