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.

In-PersonVirtual Tour

Drake Cruz

drake@drake4homes.com +1(562) 884-9016

$ 1,250,000

Est. payment | -/mo

10,049 Sqft Lot

Save Virtual Tour

$ 1,250,000

Est. payment | -/mo

Save Virtual Tour

10,049 Sqft Lot

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2607421

HOA Y/N No

Year Built 1946

Lot Size 10,049 Sqft

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 employment centers, and the broader South Bay. Connectivity to I-5, I-15, and SR-94 provides residents with efficient access throughout the county.

Location

State CA

County San Diego

Area 92113 - Logan Heights

Zoning RM-2-5

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs

View Y/N No

Total Parking Spaces 6

Private Pool No

Building

Lot Description 21-25 Units/Acre

Story 1

Sewer Public Sewer

Others

Senior Community No

Tax ID 5510221100

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2607421

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Maxwell Brown Commercial Asset Advisors mbrown@caacre.com, DRE #02127395

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 884-9016

drake@drake4homes.com

6621 E Pacific Coast Hwy #150, Long Beach, CA 90803, USA

4086 98 National AVE San Diego, CA 92113

Drake Cruz

Key Details

Location

Interior

Exterior

Building

Others

GET MORE INFORMATION

Go tour this home

4086 98 National AVE