Listed by Erik Anderson with NorthMarq Multifamily

1019 E Ave

National City, CA, 91950

$3,850,000

$3,850,000
Active
Active
 - For Sale
property_type
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.
MLS® ID:
230002863SD
Listed:
2/12/23
Updated:
4/1/23
Side
Decohouse Group
Mobile: (619) 494-9768Email: info@decohousegroup.com

Exterior/Building Features

Lot Size
0.56 acres lot

Other Property Details

Area Name
91950 - National City
Garage
No
Parking
14
Parking Total
14.0
View
N
County
San Diego
Pool
No
Buyer Agency Compensation
1.750

Property History

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

Listing Contact:  

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/1/23. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2023 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/1/23 at 7:47 PM UTC

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