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$ 1,200,000
$ 1,295,000 7.3%
Est. payment | /mo
8 Beds
4 Baths
$ 1,200,000
$ 1,295,000 7.3%
Est. payment | /mo
8 Beds
4 Baths
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision National City
MLS Listing ID 250024408
Sold Date 05/15/25
Bedrooms 8
Full Baths 4
Year Built 1959
Property Sub-Type Res Income 2-4 Units
Property Description
First Time on Market in Over 35 Years – Prime Value-Add Opportunity in National City! Welcome to 1214-20 E 18th Street, a rare investment opportunity in the heart of National City. Hitting the market for the first time in over three decades, this well-located multifamily asset features four spacious 2-bedroom, 1-bathroom units situated on a generous 9,431 square foot lot. In addition to the main residential buildings, the property includes a third detached structure housing four single-car garages and an extra storage room. This additional structure presents a compelling opportunity for increased revenue—whether through renting the garages separately or converting the space into Accessory Dwelling Units (ADUs), subject to city approval. All units are currently tenant-occupied with month-to-month leases, offering maximum flexibility for repositioning. Rents are approximately 50% below market, providing immediate upside potential through renovation and rent increases. Investors will appreciate the ability to add value by modernizing interiors and capturing significant cash flow growth. Don't miss this exceptional chance to acquire a well-located asset with strong fundamentals, significant rental upside, and multiple value-add pathways.
Location
State CA
County San Diego
Area South Bay
Interior
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 561-210-33-00
Acceptable Financing Cash, Conventional, Exchange, FHA, VA, Other/Remarks
Listing Terms Cash, Conventional, Exchange, FHA, VA, Other/Remarks
Listed by Josh Browar The Browar Group
Bought with Raquel Flores eXp Realty of California Inc
Bought with Raquel Flores eXp Realty of California Inc