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$1,295,000
Est. payment /mo
8 Beds
4 Baths
700 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 700 sqft
Price per Sqft $1,850
Subdivision National City
MLS Listing ID 250024408
Bedrooms 8
Full Baths 4
HOA Y/N No
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
Community National City
Area National City (91950)
Exterior
Exterior Feature Stucco
Fence Partial
Roof Type Composition
Building
Story 1
Lot Size Range 7500-10889 SF
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, Exchange, FHA, Other/Remarks, VA
Space Rent $1,245
Listing Terms Cash, Conventional, Exchange, FHA, Other/Remarks, VA
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Listed by Josh Browar • The Browar Group
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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