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National Ave 2988-90 National 1,796 SF 100% Leased Retail Building San Diego, CA 92113 $1,122,359 CAD ($624.92 CAD/SF) 9.26% Cap Rate
Investment Highlights
- Mixed-use property with excellent visibility on National Ave, featuring a front retail space and a residential unit in the rear. Strong street frontag
Executive Summary
Beautifully Maintained Mixed-Use Investment Near Downtown San Diego! Prime opportunity to own a high-demand mixed-use property just minutes from Downtown San Diego. ** Rental Income: 2988 Commercial unit, rent $1,850/month 2992 Commercial unit, rent $1,650/month 2990 Residential unit, 2 Bed / 1 Bath rent $3,600/month, includes two private parking spaces. ** New drainage from street to property Upgraded electrical in commercial units One electric meter for both commercial spaces and a separate meter for the residential unit Single shared water meter ** Located near major freeways, public transportation, dining, and employment hubs — offering strong income potential for both owner-users and investors. **Benefit from low property taxes and proximity to San Diego’s thriving urban core, making this a smart addition to any portfolio.
Financial Summary (Actual - 2026) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$116,616
|
$64.93
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$116,616
|
$64.93
|
| Taxes |
$11,010
|
$6.13
|
| Operating Expenses |
$2,874
|
$1.60
|
| Total Expenses |
$13,884
|
$7.73
|
| Net Operating Income |
$102,731
|
$57.20
|
Financial Summary (Actual - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $116,616 |
| Annual Per SF | $64.93 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $116,616 |
| Annual Per SF | $64.93 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,010 |
| Annual Per SF | $6.13 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $2,874 |
| Annual Per SF | $1.60 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $13,884 |
| Annual Per SF | $7.73 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $102,731 |
| Annual Per SF | $57.20 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,796 SF
Building Class
C
Year Built/Renovated
1959/2022
Price
$1,122,359 CAD
Price Per SF
$624.92 CAD
Cap Rate
9.26%
NOI
$103,962 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
CC-3-6 - MIX USE ZONING
Frontage
24’ on National Ave.
Amenities
- 24 Hour Access
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- TNT
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| TNT | - | - | - | - |
Walk Score®
Very Walkable (86)
Nearby Major Retailers
Property Taxes
| Parcel Number | 550-022-17 | Total Assessment | $865,394 CAD (2025) |
| Land Assessment | $581,658 CAD (2025) | Annual Taxes | $11,010 CAD ($6.13 CAD/SF) |
| Improvements Assessment | $283,736 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
550-022-17
Land Assessment
$581,658 CAD (2025)
Improvements Assessment
$283,736 CAD (2025)
Total Assessment
$865,394 CAD (2025)
Annual Taxes
$11,010 CAD ($6.13 CAD/SF)
Tax Year
2026
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National Ave 2988-90 National
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