915 N Ave - Apartments FOR SALE


National City, CA 91950
$3,195,000 USD
720-841-8139
915 N Ave, National City, CA for Sale
$3,195,000 USD
Apartments - FOR SALE
1/8
null | 4.61% Cap Rate

915 N Ave
National City, CA 91950


HIGHLIGHTS

  • RUBS Billing Recaptures ~90% of Water & Trash (Expandable to Sewage)
  • Located in a High-Demand Rental Market with Below-Market Rents
  • Spacious 1-Bedroom Units – Approx. 600 SF Each
  • Well-Maintained Interiors with Modern Finishes
  • 15 Off-Street Parking Spaces

OVERVIEW

We are pleased to exclusively present Fourteen on N Avenue, a 14-unit multifamily property located in National City, CA. Built in 1960 on a 0.2-acre lot, the property consists of all 1-bedroom/1-bathroom units, each approximately 600 square feet. Interiors feature updated flooring, cabinetry, and appliances. Additionally, the site includes 15 off-street parking spaces, a valuable amenity in this dense rental corridor. The property utilizes a RUBS system to recapture approximately 90% of water and trash expenses, with potential to extend to sewage. Located in a high-demand rental market, the asset’s below-market rents offer a clear opportunity to attract a strong tenant base and increase income through strategic renovations. Its central location and accessibility to major freeways and retail corridors make it an attractive opportunity for investors seeking long-term growth and stable occupancy.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$380 USD /SF

# OF UNITS

14

PRICE/UNIT

$228,214

CAP RATE

4.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fourteen On N Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,700 SF

ZONING

RM-3

APN/PARCEL ID

557-180-34

ASK ABOUT THIS PROPERTY

720-841-8139

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720-841-8139

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