34-48 D Ave - Apartments FOR SALE


National City, CA 91950
$3,300,000 USD
858-945-7094
34-48 D Ave, National City, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/14
null | 2.65% Cap Rate

34-48 D Ave
National City, CA 91950


OVERVIEW

Situated in the heart of National City—a dynamic, centrally located community known for its rich cultural heritage—this property offers strong tenant appeal. National City provides convenient access to key amenities, including popular shopping centers, diverse dining options, parks, and cultural landmarks, making it an attractive destination for both professionals and families. Its proximity to major transportation hubs, Downtown San Diego, the Port of San Diego, and key employment centers enhances its desirability, offering tenants short commutes and plentiful recreational opportunities. While the property has not been recently renovated, its classic charm presents a valuable opportunity for investors seeking to add value through updates. The current condition offers flexibility for customization, making it ideal for buyers looking to modernize units or reposition the property to meet the growing demand for upgraded rentals in this evolving and highly accessible area. This property reflects its prime location, diverse unit mix, and potential for value-add improvements. With ten two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units, the property offers a strong foundation for generating rental income. Features like individual garages and outdoor spaces enhance its appeal, providing opportunities for higher rents with future upgrades. As San Diego’s real estate market continues to appreciate, especially in emerging communities like National City, this property is well-positioned to deliver both stable rental income and long-term capital growth for investors ready to unlock its full potential.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$351 USD /SF

# OF UNITS

12

PRICE/UNIT

$275,000

CAP RATE

2.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

34-48 D Ave & 331-337 E 1st St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,465 SF

ZONING

R4

APN/PARCEL ID

556-010-48,556-010-50

ASK ABOUT THIS PROPERTY

Aaron BoveMarcus & MillichapMore Info
858-945-7094

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Aaron BoveMarcus & MillichapMore Info
858-945-7094

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.