1426-1434 E 16th St - Apartments FOR SALE


National City, CA 91950
$1,150,000 USD
858-461-9910
1426-1434 E 16th St, National City, CA for Sale
$1,150,000 USD
Apartments - FOR SALE
1/15
null | 7.08% Cap Rate

1426-1434 E 16th St
National City, CA 91950


HIGHLIGHTS

  • Value Add Opportunity
  • Large 10,075 Sq. Ft Lot w/ ADU Potential
  • 1 Vacant and Demolished - 2 Units Expected to become Available
  • Upside in Rents

OVERVIEW

1426 E 16th Street presents a unique opportunity to acquire a 5-unit multifamily property in National City, offering value-add potential and future development upside. The property consists of five (5) one-bedroom / one-bath units situated on a large 10,075 square foot RS-2 zoned lot. Investors have the ability to renovate interiors and increase rents, capturing upside through a repositioning strategy. Additionally, the expansive lot and zoning provide potential for future development or expansion, allowing for multiple exit strategies (buyer to verify). Conveniently located near Interstate 5, Downtown San Diego, and major retail corridors, the property benefits from strong rental demand, limited supply, and continued growth in the surrounding area.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$523 USD /SF

# OF UNITS

5

PRICE/UNIT

$230,000

CAP RATE

7.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16th St Apartments - Value Add Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,075 SF

ZONING

RS-2

APN/PARCEL ID

561-110-21

ASK ABOUT THIS PROPERTY

858-461-9910

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858-461-9910

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