Skip To Content
    Return to Previous Page

    1820 Lane

    National City, CA 91950
    • $3,400,000
    • STATUS: Active
    • ON SITE: 89 days
    • ID#: 200042955
    UPDATED: 50 min ago
    $3,400,000
    • 0
      BEDS
    • 0.8
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    The Terry Lane Apartments consists of a two-story, L-shaped, garden setting spread out on a large lot totaling almost 35,000 sq ft. Originally constructed in 1978, the Property has consistently been renovated and maintained by current ownership. The asset has additional value-add potential through interior renovation and market rent stabilization. The well designed floor plans of the Property consist of Ten (10) 1Bedroom/1Bath units of approximately 650 square feet, and Six (6) Two Bedroom/1Bath units of approximately 750 square feet. Total square feet of residential living space is approximately 11,000 square feet. The Property provides tenants with plenty of off-street parking, laundry facilities, and private patios/balconies.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-02T12:29:25.96. 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 Hart Coastal Group. Licensed in the State of California, USA.

    www.hartcoastal.com/homes/109687455
    Print Image

    1820 Lane National City, CA 91950

    • Price: $3,400,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 200042955
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.8
    Acres
    Neighborhood:
    91950 - National City
    County:
    San Diego
    Area:
    91950 - National City
    Property Description
    The Terry Lane Apartments consists of a two-story, L-shaped, garden setting spread out on a large lot totaling almost 35,000 sq ft. Originally constructed in 1978, the Property has consistently been renovated and maintained by current ownership. The asset has additional value-add potential through interior renovation and market rent stabilization. The well designed floor plans of the Property consist of Ten (10) 1Bedroom/1Bath units of approximately 650 square feet, and Six (6) Two Bedroom/1Bath units of approximately 750 square feet. Total square feet of residential living space is approximately 11,000 square feet. The Property provides tenants with plenty of off-street parking, laundry facilities, and private patios/balconies.
    Exterior Features

    Lot Size Units Square Feet

    Property Features

    Cap Rate 4.26 Country Us Gross Scheduled Income 273000.00 Net Operating Income 144889.00 Operating Expense 119921.00 Property Sub Type Commercial/Residential

    Listing provided courtesy of Matthew Brothers of Acre Investment Real Estate and Nicholas Lyon of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-12-02T12:29:25.96. 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 Hart Coastal Group. Licensed in the State of California, USA.

     
    https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364706368-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364706368-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_364706368-1.jpg
    Logo
    Hart Coastal Group
    57 Via Zaragoza
    San Clemente CA, 92672