For Sale
$899,000

3008 Shelby DrNational City, CA 91950

Two-unit, renovated duplex, high ROI

Overview

Added:
Dec 11, 2024
Days on market:
114
This National City, California duplex presents a compelling investment opportunity. Located at 3008 Shelby Dr, 91950, this 1945-built, 1-story, 1,425 square foot apartment building offers two 2BR/1BA units, each with a private yard. The rear unit boasts a recently completed renovation, including a modernized kitchen and bathroom, in-unit laundry, upgraded flooring, can lighting, and designer finishes. This unit also features access to a spacious backyard with a pergola and deck, offering panoramic views. The front unit features a sizable fenced yard, presenting potential for rental income growth. Recent upgrades include a new roof, electrical upgrades, fresh paint, and drought-tolerant landscaping. Both units are separately metered for water and electricity. The property sits on a large lot, potentially allowing for an Accessory Dwelling Unit (ADU). Off-street parking is available. The property's strong financial performance is highlighted by a 4.57% cap rate, 100% occupancy, and a net operating income (NOI) of $41,112. The asking price is $899,000, with a price per unit of $449,500 and a price per square foot of $630.88. This property offers significant upside potential in rental income. The property's APN is 563-184-05-00.

Highlights

  • Upside potential in rental income.
  • Large lot, offering potential for an Accessory Dwelling Unit (ADU).
  • Fully renovated rear unit with modern kitchen and bath, in-unit laundry, and upgraded finishes.
  • Each unit separately metered for gas, electricity, and water.
  • Off-street parking available.
  • In-unit laundry in the renovated rear unit.

Property Details for 3008 Shelby Dr

Property type
Apartment buildings
Square Feet
1,425 SF
Year Built
1945
Stories
1
Units
2

Location Insight

City
National City
County
San Diego
State
California
Latitude
32.6634122
Longitude
-117.0766458
3008 Shelby Dr, National City, California

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3008 Shelby Dr
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