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Listed by Eric M von Bluecher • Lee & Associates
$2,200,000
Est. payment /mo
4,536 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,536 sqft
Price per Sqft $485
MLS Listing ID 8N-2605802
Year Built 1973
Lot Size 6,555 Sqft
Source California Regional Multiple Listing Service (CRMLS)
Property Description
We're pleased to present 1121 E 6th Street, a 7-unit multifamily investment opportunity located in the heart of National City, one of San Diego County's most dynamic and rapidly evolving rental markets. The property consists of seven apartment units totaling approximately 4,536 square feet situated on a 6,555 square foot lot, featuring a desirable unit mix of (1) three-bedroom/two-bath unit and (6) one-bedroom/one-bath units. Built in 1973, the property offers investors stable in-place income with significant upside through continued rent growth and strategic value-add improvements. The property benefits from separate gas and electric metering, helping minimize landlord utility expenses while providing operational efficiency. Residents enjoy desirable amenities including eight on-site parking spaces, on-site laundry facilities, granite countertops, and dumpster service, enhancing tenant retention and market appeal. The property's straightforward layout and solid construction provide an ideal foundation for future upgrades designed to increase rental income and overall asset performance. Located just minutes from Downtown San Diego, Naval Base San Diego, Chula Vista, and major employment centers throughout the South Bay, the property offers tenants convenient access to shopping, dining, schools, public transportation, and essential services. The property's proximity to Interstate 5, Interstate 805, and State Route 54 provides exceptional regional connectivity, making it an attractive housing option for commuters throughout San Diego County. National City continues to experience substantial public and private investment, driven by multifamily redevelopment, infrastructure improvements, and revitalization efforts throughout the city. With strong rental demand, a central location, operational efficiencies, and measurable rental upside, 1121 E 6th Street presents investors with an opportunity to acquire a well-positioned asset offering both immediate cash flow and long-term appreciation potential. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, and market rental assumptions.
Location
State CA
County San Diego
Area 91950 - National City
Zoning BUYER VERIFY
Interior
Laundry None
Exterior
Pool None
Community Features Curbs
View Y/N No
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Others
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900