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1740 N Ave 20 Unit Apartment Building $6,855,304 CAD ($342,765 CAD/Unit) 5.30% Cap Rate National City, CA 91950

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INVESTMENT HIGHLIGHTS

PRIME LOCATION - Situated in the heart of National City, near major freeways, school, and employment centers, ensuring strong long-term rental demand
STRONG EXISTING INCOME - The property generates stable in-place income with below-market rents, allowing for future rent increases

RECENT CAPITAL IMPROVEMENTS - Upgrades include a new roof, rebuilt exterior stairs, upgraded windows, fresh exterior paint, and laundry room
UPSIDE POTENTIAL - About 50% of the units have been updated, offering the opportunity to enhance income by renovating the remaining units

EXECUTIVE SUMMARY

1740 N Avenue presents a well-located multifamily investment opportunity in the heart of National City. The property has recently undergone significant capital improvements, including a brand-new roof, rebuilt exterior stairs, upgraded windows, fresh exterior paint, and a fully renovated laundry room. Approximately half of the units have been updated, providing a clean, modern living experience for current tenants while leaving room for a new owner to add value through additional interior renovations.
With solid in-place income and below-market rents, this asset offers an ideal balance of stability and upside. Investors have the opportunity to increase cash flow over time by bringing remaining units to market standard. Located near major freeways, schools, and key employment hubs, 1740 N Avenue is perfectly positioned for long-term rental demand and appreciation.

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	$6,855,304 CAD	Building Class	C
Price Per Unit	$342,765 CAD	Lot Size	0.24 AC
Sale Type	Investment	Building Size	12,200 SF
Cap Rate	5.30%	Average Occupancy	100%
Gross Rent Multiplier	12.1	No. Stories	2
No. Units	20	Year Built	1970
Property Type	Multifamily	Parking Ratio	0.66/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low-Rise
Zoning	C

Price	$6,855,304 CAD
Price Per Unit	$342,765 CAD
Sale Type	Investment
Cap Rate	5.30%
Gross Rent Multiplier	12.1
No. Units	20
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.24 AC
Building Size	12,200 SF
Average Occupancy	100%
No. Stories	2
Year Built	1970
Parking Ratio	0.66/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C