335 Laurel Ave - Apartments FOR SALE


National City, CA 91950
$4,250,000 USD
619-623-2132
335 Laurel Ave, National City, CA for Sale
$4,250,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

335 Laurel Ave
National City, CA 91950


HIGHLIGHTS

  • Attractive Unit Mix, with a mix of Two's & One's
  • Large Lot, Tons of Parking
  • On-Site Laundry with Potential to Add Storage
  • Proximity to I-5, retail, dining, and downtown San Diego
  • Value-Add Opportunity
  • Ownership Also Selling Other 16-Unit Building - 1629 Palm Ave, National City, CA 91950

OVERVIEW

Lee & Associates San Diego Multifamily Group is proud to present the Laurel Garden Apartments located at 335 Laurel Avenue, a 15-unit multifamily property with one additional nonconforming studio unit located in National City, California. Built in 1973, the property consists of a well-balanced unit mix featuring eight (8) two-bedroom, one-and-a-half-bathroom units, seven (7) one-bedroom, one-bathroom units, and one studio unit (nonconforming). The property is situated on a 21,265 square foot lot and has undergone select capital improvements, including upgraded windows throughout and perimeter gating, while interior units remain lightly renovated. This provides a clear value-add opportunity for a new owner to implement interior upgrades and drive rental growth. The asset features gated access and on-site parking, enhancing security and tenant convenience. Zoned RS-2 (Residential Single-Family), the existing multifamily improvements represent a legal nonconforming use, resulting in density that significantly exceeds current by-right zoning. The property is well located in the South Bay submarket with convenient access to Interstate 5, nearby retail and dining amenities, and major employment centers throughout San Diego County. Please contact listing agents for more information.

FOR SALE DETAILS

PRICE

$4,250,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

16

PRICE/UNIT

$265,625

CAP RATE

Request Cap Rate

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Laurel Garden Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

28

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,994 SF

ZONING

RS-2

APN/PARCEL ID

554-023-08

ASK ABOUT THIS PROPERTY

Ivan Del Muro-GarciaLee & AssociatesMore Info
619-623-2132

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Ivan Del Muro-GarciaLee & AssociatesMore Info
619-623-2132

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