4086-98 National Avenue, San Diego, CA 92113
4086-98 National Avenue, San Diego, CA 92113
4086-98 National Avenue, San Diego, CA 92113
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
Kobe Zimmerman

Kobe Zimmerman

+1(858) 753-3353
$1,250,000
Est. payment /mo
3 Beds
2 Baths
10,049 Sqft Lot
Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2607421

Bedrooms 3

Lot Size 10,049 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

4086-98 National Ave presents a huge value-add opportunity to acquire 9 units in San Diego at an exceptional cost basis. Offered at $1,250,000, the property is priced at just $138,889 per unit, significantly below prevailing price-per-unit levels for comparable multifamily properties. This low acquisition basis provides investors with significant upside to complete a comprehensive renovation and reposition the asset for long-term cash flow and appreciation. This will need to be a cash or private financing only sale! The property consists of eight (8) one-bedroom/one-bathroom units and one (1) detached two-bedroom/one-bathroom house. All units are single-story, providing convenient access and an efficient, low-density residential layout. The property is individually metered for gas and electricity and offers a single-car garage, an oversized approximately 1.5-car-wide garage, and four additional off-street parking spaces. The asset currently exhibits substantial deferred maintenance and rents well below prevailing market levels, creating significant upside through a full interior and exterior renovation program. Post renovation and stabilization projects $216,780 GSI and $148,311 NOI, resulting in an 11.86% pro forma cap rate, excluding renovation costs. Additional revenue potential includes garage and parking income, laundry income, and the implementation of a water and trash reimbursement program. Located in San Diego's 92113 submarket, the property offers convenient access to San Diego Bay, Coronado Island, Downtown San Diego, Barrio Logan, Naval Base San Diego, major emp

Location

State CA

County San Diego

Direction GPS

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 5510221100

Acceptable Financing Cash

Listing Terms Cash

Read Less Info
MLS Router / San Diego MLS
Listed by Maxwell Brown, DRE#02127395 Commercial Asset Advisors 

MORTGAGE CALCULATOR

The rate, insurance and terms in the calculator are placeholders and should be adjusted to reflect current market and legislative changes.  
$
$
%
%
Advanced
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.

NEARBY SCHOOLS & PROPERTIES

Go tour this home

4086-98 National Avenue