Sold
1019-49 E Ave
National City CA, 91950
$3,836,000
$698.98 per sqft
Sold
1 Bed
5,488 sqft
Commercial
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.
230002863
MLSⓇ ID
February 13, 2023
Listed
February 15, 2024
Updated
Map
1019-49 E Ave
National City CA, 91950
Interior Features
Total Stories
1
Bedrooms
1 Bed
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.56 Acres
Other Property Details
Area Name
South Bay
Days on Market
95
Garage
No
Parking Total
14
View
No
County
San Diego
Pool
No
Buyer Agency Compensation
1.75%
Listing History
Date | Event | Price |
|---|---|---|
8/3/2023 | Price Change | $3,836,000 -1% |
8/3/2023 | Sold | $3,836,000 |
5/25/2023 | Pending | — |
Listed by NorthMarq Multifamily, Erik M Anderson,
Listing Contact: 858-395-6935
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