1740 N Ave - Apartments FOR SALE


National City, CA 91950
$4,950,000 USD
619-358-3748
1740 N Ave, National City, CA for Sale
$4,950,000 USD
Apartments - FOR SALE
1/23
null | 5.3% Cap Rate

1740 N Ave
National City, CA 91950


HIGHLIGHTS

  • PRIME LOCATION - Situated in the heart of National City, near major freeways, school, and employment centers, ensuring strong long-term rental demand
  • RECENT CAPITAL IMPROVEMENTS - Upgrades include a new roof, rebuilt exterior stairs, upgraded windows, fresh exterior paint, and laundry room
  • STRONG EXISTING INCOME - The property generates stable in-place income with below-market rents, allowing for future rent increases
  • UPSIDE POTENTIAL - About 50% of the units have been updated, offering the opportunity to enhance income by renovating the remaining units

OVERVIEW

1740 N Avenue presents a well-located multifamily investment opportunity in the heart of National City. The property has recently undergone significant capital improvements, including a brand-new roof, rebuilt exterior stairs, upgraded windows, fresh exterior paint, and a fully renovated laundry room. Approximately half of the units have been updated, providing a clean, modern living experience for current tenants while leaving room for a new owner to add value through additional interior renovations. With solid in-place income and below-market rents, this asset offers an ideal balance of stability and upside. Investors have the opportunity to increase cash flow over time by bringing remaining units to market standard. Located near major freeways, schools, and key employment hubs, 1740 N Avenue is perfectly positioned for long-term rental demand and appreciation.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

20

PRICE/UNIT

$247,500

CAP RATE

5.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

C

APN/PARCEL ID

561-100-30

ASK ABOUT THIS PROPERTY

Seth WatjeStarker West, IncMore Info
619-358-3748

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Seth WatjeStarker West, IncMore Info
619-358-3748

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