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$3,500,000
Est. payment /mo
5 Beds
4 Baths
0.61 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision National City
MLS Listing ID IV26214005
Bedrooms 5
Lot Size 0.610 Acres
Property Sub-Type Res Income 2-4 Units
Property Type Res Income 2-4 Units
Property Description
Prime 16-Unit Multifamily Investment Opportunity 1629 Palm Avenue, National City, CA 91950 An exceptional opportunity to acquire a fully occupied, 16-unit residential community situated in a high-demand pocket of San Diego County. This two-story asset features a generous ~26,571 SF lot (~0.61 acres) with 10,616 SF of total living space and an outstanding 2:1 parking ratio with 32 dedicated spaces. Property Highlights & Unit Breakdown Unit Mix: 5 Units: 1 Bedroom / 1 Bathroom, 9 Units: 2 Bedrooms / 1 Bathroom, 2 Units: 2 Bedrooms / 2 Bathrooms. Occupancy: 100% Occupiedproviding immediate, steady cash flow from day one. On Site Amenities: On-site laundry facility and ample assigned parking for residents and guests. Building Specs: 2-Story construction | 10,616 SF Building Size | 26,571 SF Lot Size | 32 Parking Spaces. Centrally located in National City, this property offers seamless connectivity to major transit corridors, employment centers, dining, and retail options. Convenient Commute: Quick access to major thoroughfares (I-5, I-805, and SR-54) and just minutes from Naval Base San Diego, Chula Vista, and Downtown San Diego. In-Demand Lifestyle: Walkable or short drive to local shopping, grocery stores, schools, and neighborhood dining. Value-Add Upside: Incoming ownership can leverage the robust San Diego County multifamily market by capitalizing on strong tenant demand, implementing targeted unit renovations, and capturing rental rate growth over time. Property sold in as-is condition.
Location
State CA
County San Diego
Zoning Assessor
Direction Take I-805 S toward National City. Take exit 10 for Plaza Boulevard. Turn onto E Plaza Blvd., then head Palm Avenue.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5611312000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by SHIRLY ALANO, DRE#02050188 Popular Real Estate
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