Listing provided courtesy of Erik Anderson of NorthMarq Multifamily. Last updated 2023-02-14 10:21:29.000000. Listing information © 2022 Sandicor.

Asking Price: $3,850,000

1019-49 E Ave, National City CA 91950

Community: ​South Bay

This Com-Res Income property was built in and is priced at $3,850,000. Please see the additional details below.
  • 0 Sq Ft
  • 1 bathrooms
  • 1 bedrooms
  • MLS#: 230002863
  • Type: Com-Res Income
  • Year Built:
DO NOT DISTURB TENANTS, SHOWN ONLY WITH ACCEPTED OFFER. E Ave Apartments is a charming value-add 16-unit cottage-style property for sale in the heart of National City in San Diego. Set in a desirable single-family layout, the property enjoys easy access to numerous retail shops and restaurants, Kimball Park, South Bay Military bases, and Interstate-5. E Avenue Apartments offers a rare design of eight duplexes, all with private patios. All buildings feature flat-roof style architecture with new exterior paint and gated patios for extra private space. Half of the units have been renovated, while the rest are untouched and have further room to improve and push rents closer to market. Behind 4 of the duplexes, there is additional room to either add on to the existing units or build laundry facilities on site. Any possible construction viability would need to be determined strictly by the buyer. The complex offers investors the opportunity to purchase a well-maintained property with tremendous upside in one of San Diego’s most historic neighborhoods. Any investor will surely enjoy low vacancies, high rent growth and great cash flow for many years to come.

Call or Email Lucy Nava now to inquire about this property