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1704-1712 B Ave
National City, CA 91950
5-Unit Multifamily Investment Opportunity · Multifamily Property For Sale
·
5 Units
Investment Highlights
- 4 of 5 Units Already Remodeled
- Rents Below Market, Built-In Upside
- Private Yards
- Wood Cabinetry & Quartz Countertops
- Individually Metered for Gas
Executive Summary
Lee & Associates Multifamily Group - North San Diego County is pleased to present B Avenue Apartments, a 5-unit multifamily investment opportunity located at 1704-1712 B Avenue in National City, California. Situated on an approximately 4,827 square foot lot, the property consists of five apartment units totaling approximately 2,272 square feet and features a desirable unit mix of (4) one-bedroom/one-bath units and (1) studio unit. Built in 1955, the property offers investors stable in-place income, operational efficiency, and the opportunity for continued appreciation in one of San Diego County's most active rental markets.
The property benefits from separate gas metering and features several attractive tenant amenities, including private yards, updated interiors, and a desirable residential setting. Ownership has completed renovations to four of the five units, including upgrades featuring wood cabinetry and quartz countertops, providing a modern living environment while minimizing near-term capital expenditures. Water, trash, and certain common-area utilities are currently provided by ownership.
Located in the heart of National City, the property offers residents convenient access to major employment centers, shopping, dining, schools, and public transportation. The asset is strategically positioned near Interstate 5, Interstate 805, State Route 54, Downtown San Diego, Naval Base San Diego, and the National City waterfront, providing exceptional connectivity throughout San Diego County. The surrounding area continues to benefit from ongoing redevelopment, infrastructure investment, and increasing demand for quality workforce housing.
National City remains one of San Diego County's most affordable and investment-oriented submarkets, attracting residents seeking convenient access to employment centers and coastal amenities. With a strong unit mix, renovated interiors, utility efficiencies, and long-term rental demand fundamentals, B Avenue Apartments presents an attractive opportunity for investors seeking both stable cash flow and future upside potential.
Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, utility metering, parking availability, permits, financial information, and market rental assumptions.
Property Highlights
• 5-Unit Multifamily Investment Opportunity
• Unit Mix: (4) 1 Bed / 1 Bath & (1) Studio
• ±2,272 SF Building Area
• ±4,827 SF Lot
• Built in 1955
• 4 of 5 Units Remodeled
• Wood Cabinetry & Quartz Countertops
• Individually Metered for Gas
• Private Yards
• Street Parking
• Stable In-Place Income
• Strong National City Rental Market Fundamentals
• Convenient Access to I-5, I-805 & SR-54
• Minutes from Downtown San Diego, Naval Base San Diego & the National City Waterfront
• Offered Exclusively by Lee & Associates Multifamily Group - North San Diego County
For More Information Contact
Eric von Bluecher | D 760.929.7846 | evb@lee-associates.com
Ivan Del Muro-Garcia | D 760.448.2451 | idmg@lee-associates.com
Lee & Associates Multifamily Group - North San Diego County
The property benefits from separate gas metering and features several attractive tenant amenities, including private yards, updated interiors, and a desirable residential setting. Ownership has completed renovations to four of the five units, including upgrades featuring wood cabinetry and quartz countertops, providing a modern living environment while minimizing near-term capital expenditures. Water, trash, and certain common-area utilities are currently provided by ownership.
Located in the heart of National City, the property offers residents convenient access to major employment centers, shopping, dining, schools, and public transportation. The asset is strategically positioned near Interstate 5, Interstate 805, State Route 54, Downtown San Diego, Naval Base San Diego, and the National City waterfront, providing exceptional connectivity throughout San Diego County. The surrounding area continues to benefit from ongoing redevelopment, infrastructure investment, and increasing demand for quality workforce housing.
National City remains one of San Diego County's most affordable and investment-oriented submarkets, attracting residents seeking convenient access to employment centers and coastal amenities. With a strong unit mix, renovated interiors, utility efficiencies, and long-term rental demand fundamentals, B Avenue Apartments presents an attractive opportunity for investors seeking both stable cash flow and future upside potential.
Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, utility metering, parking availability, permits, financial information, and market rental assumptions.
Property Highlights
• 5-Unit Multifamily Investment Opportunity
• Unit Mix: (4) 1 Bed / 1 Bath & (1) Studio
• ±2,272 SF Building Area
• ±4,827 SF Lot
• Built in 1955
• 4 of 5 Units Remodeled
• Wood Cabinetry & Quartz Countertops
• Individually Metered for Gas
• Private Yards
• Street Parking
• Stable In-Place Income
• Strong National City Rental Market Fundamentals
• Convenient Access to I-5, I-805 & SR-54
• Minutes from Downtown San Diego, Naval Base San Diego & the National City Waterfront
• Offered Exclusively by Lee & Associates Multifamily Group - North San Diego County
For More Information Contact
Eric von Bluecher | D 760.929.7846 | evb@lee-associates.com
Ivan Del Muro-Garcia | D 760.448.2451 | idmg@lee-associates.com
Lee & Associates Multifamily Group - North San Diego County
Property Facts
| Price Per Unit | $447,914 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 3.48% | Building Size | 2,272 SF |
| Gross Rent Multiplier | 16.41 | No. Stories | 1 |
| No. Units | 5 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 2.64/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | CH, National City - Buyer to verify | ||
| Price Per Unit | $447,914 CAD |
| Sale Type | Investment |
| Cap Rate | 3.48% |
| Gross Rent Multiplier | 16.41 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,272 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 2.64/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CH, National City - Buyer to verify |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 4 | - | - |
Property Taxes
| Parcel Number | 560-152-12 | Improvements Assessment | $649,799 CAD |
| Land Assessment | $649,799 CAD | Total Assessment | $1,299,599 CAD |
Property Taxes
Parcel Number
560-152-12
Land Assessment
$649,799 CAD
Improvements Assessment
$649,799 CAD
Total Assessment
$1,299,599 CAD
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