907 A Ave

907 A Ave

Ctop 80%

National City, CA 91950

$1,049,000
NEW — 1d

Pass at asking: -$4,298/mo full cashflow at 20% down, 7.36% rate.

Works at $486,643 (54% under asking), or at 80% down.

Rent $4,830/mo from 9 leases of houses within 1 mi, size-adjusted ($4,737–$5,415).

Beds

4

Baths

2

Sqft

2,462

Year Built

1879

Days on Market

1

Property Type

Single Family

HOA/mo

N/A

MLS ID

260027037SD

This property is in National City (91950). Browse neighborhood analytics →

About This Property

A rare opportunity to own a remarkable piece of National City history! Officially designated as the Elizur Steel-Crandall-Ennis House, this iconic Victorian residence was built in 1879 by Elizur Steele, a prominent local builder and citizen. Rich in history, character, and timeless elegance, this architectural treasure was originally constructed of redwood and relocated to its present setting in Heritage Square in 1977. Distinctive towers, ornate trim, intricate woodwork, and beautiful stained-glass windows showcase the exceptional craftsmanship of a bygone era, while modern comforts and conveniences complement its historic charm. A grand staircase serves as a striking centerpiece, while the enchanting upstairs covered balcony invites you to relax and appreciate the exquisite architectural details that make this residence truly one of a kind. Adding to its exceptional appeal, the property benefits from the Mills Act, offering significant property tax savings and a valuable financial advantage to owning a historic home. Offering remarkable versatility, this distinguished property is currently configured as a duplex, presenting an excellent opportunity for rental income, multigenerational living, or a unique live/work arrangement with business space downstairs and private living quarters above. Alternatively, the home offers the potential to be returned to a grand single-family residence. Situated on a generous 7,500-square-foot corner lot, the charming grounds feature a picturesque gazebo, expansive patio areas ideal for entertaining, and inviting outdoor spaces that complement the home's historic character. A detached two-car garage and additional secured parking for three vehicles, conveniently accessed from the alley, complete this extraordinary property. A truly rare opportunity to own a celebrated piece of history, combining architectural significance, exceptional flexibility, and the added benefit of substantial property tax savings.

Mortgage Calculator

Est. Monthly Payment

$7,143

Principal & Interest$5,788
Property Tax$1,049
Insurance$306
%($209,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Central Elementary · grades K-6 · National Elementary

  • Middle

    National City Middle · grades 7-8 · Sweetwater Union High

  • High

    Sweetwater High · grades 9-12 · Sweetwater Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

27C
Est. Monthly Rent
$4,830

9 leases of houses within 1 mi, size-adjusted · $4,737–$5,415

Blended 50/50 with the zip's market median ($4,392)

Monthly Cashflow

Rent − PITIA

-$2,313
Full Cashflow

Incl. vacancy, PM, maint, capex

-$4,298

What would make this work?

$4,298/mo short at 20% down; 80% down or +$5,581/mo rent closes it.

Break-even price

54% under asking

$486,643
Break-even rent

$5,581/mo above the estimate

$10,411/mo
Cashflow at 35% down
−$3,212/mo
Down payment to break even

$839,200 cash

80%
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$5,788
Cap Rate
1.98%
Cash-on-Cash
-24.58%
DSCR

Need ≥ 1.25 for DSCR loan

0.68

NOI (Annual)
$20,777
Price-to-Rent

Lower = better for investors

18.1

* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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CCashflow−$4,298/mo