930 B Avenue

National City, CA 91950

  • 0 Bed(s)
  • 0 Bath(s)
  • 19,122 Sqft
  • 23086
    Sqft(Lot)
$6,345,000

Description

930 b ave national city, "the french quarters" presents the opportunity to acquire a rarely traded 27 unit garden style asset located in national city’s most desirable corridor. the property is located one parcel away from the historical landmarks of brick row & heritage square and within a 3 minute walk of all the activity kimball park, e 8th st, and national city blvd have to offer. the asset possesses both attractive immediate value-add potential on the existing 27 units and significant development potential. the parcel consists of 23,086 sf within the downtown specific plan allowing for 3:1 & 4:1 far ratios of multifamily development. 930 b ave consists of 25 registered units and 2 unregistered units. the unit mix contains (10) 1 bed / 1 bath units, (10) 2 bed / 1 bath units, (5) 2 bed / 2 bath units, and the (2) unregistered studio units converted out of existing non-living square footage. the property possesses an oversized unit average of 765 sf with a huge 5,549 sf of additional existing non-living square footage comprised of 23 garages, 4 storage rooms, the 2 unregistered studio units, and an on-site laundry facility. an investor can pursue a lower intensity value-add play or an all-out full rebuild including major infrastructure systems at a forecasted 8.13% proforma cap rate and 6.10% all in yield on cost. additional return can be gained through adu development of select garages and storage rooms. all garages adjoin to the interior courtyard. there are no units on the 1st floor of the western or northern portion of the property, allowing for ideal adu garage conversions with potential front door courtyard access. 15 of the 27 units are in renovation ready status allowing for immediate renovations and improvements. the majority of units are in mostly original condition with partial updates. roughly half of the units could be in attractive market operating condition with minor improvements. the remaining units should receive full renovations to maximize roi. existing ownership completed a full roof and underlay replacement in 2024. electrical and plumbing systems are original from 1971.

  • Property Type

    Residential Income

  • County

    San Diego

  • Style

    Residential Income

  • AD ID

    50268092

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Water/Sewer

    • Sewer : Public Sewer

    Cooling Features

    • Air Conditioning

    Heating Source

    • Has Heating

    Fireplace

    • Has Fireplace: 0

  • Building Information

    • Year Built: 1971
    • Building Area Total: 19,122

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.53
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 23086

  • Listing Price Information

    • Original List Price: 6,345,000
    • Listing Contract Date: 2025-06-15

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 5564721400

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 91950 - National City
    • Directions: GPS
    • Zoning: National City Downtown Sp
    • Source Property Type: Residential Income
    • Area: 91950 - National City

    Building and Construction

    • Property Age: 54
    • Common Walls: 2+ Common Walls
    • Year Built Source: Vendor Enhanced
    • Entry Level: 1
    • Entry Location: street
    • Property Attached: Yes
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BuyOwner last updated this listing 07/26/2025 @ 05:00

  • MLS: PTP2504689
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 19,122 sqft, 23,086 sized lot, and 23 parking. are nearby neighborhoods.