2186-2190 National Ave - Apartments FOR SALE


San Diego, CA 92113- Barrio Logan
$2,050,000 USD
858-945-7094
2186-2190 National Ave, San Diego, CA for Sale
$2,050,000 USD
Apartments - FOR SALE
1/12
null | 4.81% Cap Rate

2186-2190 National Ave
San Diego, CA 92113
Barrio Logan


HIGHLIGHTS

  • Prime Redevelopment Corridor Key infill site on National Avenue
  • Zoning Powerhouse CC-3-6 + BLPD-A with major overlays
  • Multi-Parcel Assemblage ±13,728 SF across multiple parcels
  • Three detached cottage-style residential units, a single-family residence, a two-unit retail building, and a commercial kitchen facility
  • Covered Land Play with In-Place Income
  • Strong Value-Add Upside

OVERVIEW

2186–2190 & 2194 National Avenue presents a covered land, mixed-use investment opportunity in the heart of Barrio Logan. Following a recent price adjustment, the property now offers an even more compelling basis with multiple avenues to create value. The ±13,728 SF hard-corner site spans multiple parcels and is governed by the Barrio Logan Planned District with CC-3-6 zoning, benefiting from Complete Communities, Coastal Zone, TPA, SDA, and Promise Zone overlays that support increased density and reduced parking requirements. The property is currently improved with three cottage residential units, a single-family residence, a two-unit retail building, and a commercial kitchen, providing in-place income while allowing investors to execute a meaningful value-add strategy. A significant opportunity exists to convert the existing retail building into residential ADUs, substantially increasing rental income and overall cash flow while preserving the property's covered land characteristics. Combined with the long-term redevelopment potential of the approximately ±14,000 SF hard-corner site, the asset offers investors a unique blend of current income, near-term upside, and future land value in one of San Diego's most active infill neighborhoods.

FOR SALE DETAILS

PRICE

$2,050,000 USD

PRICE/SF

$304 USD /SF

# OF UNITS

7

PRICE/UNIT

$292,857

CAP RATE

4.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

RM-2-5, CC-3-6

APN/PARCEL ID

538-560-16,538-560-17

ASK ABOUT THIS PROPERTY

Aaron BoveColliersMore Info
858-945-7094

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Aaron BoveColliersMore Info
858-945-7094

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