1019-49 E Ave

National City, CA, 91950

$3,850,000

$701 per ft²
$3,850,000
$701 per ft²
Active
Active
 - For Sale
beds
1 Bed
carpenters-square
5,488 ft²
property_type
Other
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.
MLS® ID:
230002863
Listed:
2/12/23
Updated:
4/1/23
Side
Decohouse Group
Mobile: (619) 494-9768Email: info@decohousegroup.com

Interior Features

Total Bedrooms
1
Total Bathrooms
0

Exterior/Building Features

Lot Size
0.56 acres lot

Other Property Details

Area Name
South Bay
Association Amenities
Other/Remarks
Garage
No
Parking
14
Parking Total
14.0
View
N
County
San Diego
Pool
No
Total Stories
1
Buyer Agency Compensation
1.75

Property History

Date
Event
Price
Value
2/13/23
Price Change
$3,850,000
0%

Courtesy of NorthMarq Multifamily, Erik Anderson,
Listing Contact: 858-395-6935 

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Data last updated 8:56 PM UTC, 4/1/23

Side
Decohouse Group
Mobile: (619) 494-9768Email: info@decohousegroup.com
Contact