Log In/Sign Up
Your email has been sent.
1202-1216 E 7th St 6 Unit Apartment Building $2,062,131 CAD ($343,688 CAD/Unit) 5.19% Cap Rate National City, CA 91950
INVESTMENT HIGHLIGHTS
- VALUE-ADDED - Recently replaced roofs
- 11 on-site Parking Spaces with potential for more!
- LARGE LOT - 24,358 SF Lot
- STRONG UNIT MIX - Comprised of Three 2BD/1BA Cottages, One 1BD/BA Cottage, and Two 1BD/BA Duplex Unit
EXECUTIVE SUMMARY
This well-located 6-unit multifamily property in National City is comprised of four detached cottages and a duplex, totaling 24,358 square feet. The cottages include three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, while the duplex contains two additional 1-bedroom/1-bath units. The property offers 11 on-site parking spaces with room for more, providing convenience for residents. All roofs have been recently replaced, creating a solid foundation for future renovations. This asset presents a strong value-add opportunity for an investor to make improvements, increase rents, and maximize long-term income potential. With multiple detached units, ample parking, and a large lot size, the property is a rare find in one of San Diego County’s steady rental markets.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,062,131 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $343,688 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.56 AC |
| Cap Rate | 5.19% | Building Size | 4,409 SF |
| Gross Rent Multiplier | 11.3 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1940 |
| Property Subtype | Apartment | Parking Ratio | 3.35/1,000 SF |
| Zoning | RS-3 - Multi-Family | ||
| Price | $2,062,131 CAD |
| Price Per Unit | $343,688 CAD |
| Sale Type | Investment |
| Cap Rate | 5.19% |
| Gross Rent Multiplier | 11.3 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.56 AC |
| Building Size | 4,409 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 3.35/1,000 SF |
| Zoning | RS-3 - Multi-Family |
AMENITIES
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
| 2+1 | 3 | - | - |
1 1
Walk Score®
Very Walkable (84)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $859,464 CAD (2025) | |
| Land Assessment | $859,607 CAD (2025) | Total Assessment | $1,719,071 CAD (2025) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$859,607 CAD (2025)
Improvements Assessment
$859,464 CAD (2025)
Total Assessment
$1,719,071 CAD (2025)
1 of 19
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
1202-1216 E 7th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.