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National Ave 2988-90 National 1,796 SF 100% Leased Retail Building San Diego, CA 92113 $1,307,067 CAD ($727.77 CAD/SF) 7.16% Cap Rate
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: Unit # 1 Commercial space, projected rent $2,000/month Unit # 2 Commercial unit, rent $1,650/month Unit # 3 2 Bed / 1 Bath residential unit, rent $3,100/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 - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$111,562
|
$62.12
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$111,562
|
$62.12
|
| Taxes |
$11,079
|
$6.17
|
| Operating Expenses |
$6,887
|
$3.83
|
| Total Expenses |
$17,966
|
$10.00
|
| Net Operating Income |
$93,596
|
$52.11
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $111,562 |
| Annual Per SF | $62.12 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $111,562 |
| Annual Per SF | $62.12 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,079 |
| Annual Per SF | $6.17 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $6,887 |
| Annual Per SF | $3.83 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,966 |
| Annual Per SF | $10.00 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $93,596 |
| Annual Per SF | $52.11 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,796 SF
Building Class
C
Year Built/Renovated
1959/2022
Price
$1,307,067 CAD
Price Per SF
$727.77 CAD
Cap Rate
7.16%
NOI
$93,596 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
25’ on NATIONAL AVE
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 | $874,102 CAD (2025) |
| Land Assessment | $587,511 CAD (2025) | Annual Taxes | $11,079 CAD ($6.17 CAD/SF) |
| Improvements Assessment | $286,591 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
550-022-17
Land Assessment
$587,511 CAD (2025)
Improvements Assessment
$286,591 CAD (2025)
Total Assessment
$874,102 CAD (2025)
Annual Taxes
$11,079 CAD ($6.17 CAD/SF)
Tax Year
2024
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