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,… Read More 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. Read Less
Property listed by The Browar Group, Josh Browar 858-414-4398
Listing Snapshot
Days Online
21
Last Updated
Property Type
Other
Year Built
1959
MLS Number
250024408SD
30 Days Snapshot Of 91950
$774k
+5%
(avg) sold price
10
0%
homes sold
94
+64%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1959, Levels: One, 1 story, 3 buildings
Cooling
None
Fence
Partial
Income
Net operating income: $29,836
Roof
Composition
Tenant Pays
CableTv, Electricity, Gas, SeeRemarks
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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