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505 E 4th St - 505 E 4th St

1 Unit Apartment Building Offered at $1,274,129 CAD at a 3.80% Cap Rate in National City, CA 91950

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Investment Highlights

Fully renovated 4BR 2BA home featuring a brand new roof, full ABS plumbing upgrade, electrical upgrades, new solar (paid), and much more!
Permit Ready plans included in sale to build two new construction 3BR 3BA units which will add tremendous new equity to the property
Perfectly suited for any owner occupant (FHA, VA, conventional) buyer, as well as an investor looking for a turnkey property with HUGE upside

Not a flipper lipstick deal! All upgrades done meticulously through permits and city inspections, with final sign off
Once constructed, projected underwriting yields roughly $700,000 of new equity for a buyer to capture (see enclosed)
Amazing National City location just 10 mins to downtown San Diego, and 6 mins to the tremendous National City Bayfront development project

Executive Summary

Move-In Ready home plus Permit Ready 2 unit Development! The Browar Group is honored to present for sale this lovely, no-expense-sparred Craftsman redesign and to the studs remodel, with an incredible opportunity attached to it. Boasting a modern open floor plan, the home features 4 large sized bedrooms, 2 bathrooms, and all the bells and whistles such as in unit laundry, central HVAC and off street parking via a single car garage. The owners have, ALL WITH PERMITS, enhanced nearly every inch of this property and the shopping list of upgrades is any buyer's dream to read. And that isn't even the best part, as the owners hold permit ready plans to add TWO new construction 3BR 3BA units in the back, on top of three new garages! The plans come with the sale; all a buyer needs to do is pay permit fees and they are off to the races towards creating a substantial amount of equity and profit in the property. Please see enclosed marketing package for all the info you will need to be sold on making this home yours today! Buyer to verify all herein is accurate and true. CALL FLORIAN SIGHE FOR MORE INFORMATION AND TOURS: 619-894-3030 | florian@thebrowargroup.com

505 E 4th St OM

Upgrades List

505 E 4th St Development

Development Snippet

Financial Summary (Pro forma - 2024)	Annual (CAD)	Annual Per SF (CAD)
Gross Rental Income	$208,957	$160.74
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$208,957	$160.74
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$36,797	$28.31
Net Operating Income	$172,160	$132.43

Financial Summary (Pro forma - 2024)

Gross Rental Income (CAD)
Annual	$208,957
Annual Per SF	$160.74

Other Income (CAD)
Annual	-
Annual Per SF	-

Vacancy Loss (CAD)
Annual	-
Annual Per SF	-

Effective Gross Income (CAD)
Annual	$208,957
Annual Per SF	$160.74

Taxes (CAD)
Annual	-
Annual Per SF	-

Operating Expenses (CAD)
Annual	-
Annual Per SF	-

Total Expenses (CAD)
Annual	$36,797
Annual Per SF	$28.31

Net Operating Income (CAD)
Annual	$172,160
Annual Per SF	$132.43

Property Facts

Price	$1,274,129 CAD	Apartment Style	Single Family Home
Price Per Unit	$1,274,129 CAD	Building Size	1,300 SF
Sale Type	Investment	No. Stories	1
Cap Rate	3.80%	Year Built/Renovated	1979/2024
Gross Rent Multiplier	18.3	Parking Ratio	1.54/1,000 SF
No. Units	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Multifamily Multifamily Apartments

Price	$1,274,129 CAD
Price Per Unit	$1,274,129 CAD
Sale Type	Investment
Cap Rate	3.80%
Gross Rent Multiplier	18.3
No. Units	1
Property Type	Multifamily Multifamily Apartments
Apartment Style	Single Family Home
Building Size	1,300 SF
No. Stories	1
Year Built/Renovated	1979/2024
Parking Ratio	1.54/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.