Listed by Lee & Associates San Diego - Carlsbad
$4,250,000
335 Laurel Avenue
Details
APN 5540230800
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,248
Net Rentable (SqFt) 10,248
Units 16
Cap Rate 4.01%
NOI $170,532
Price per SqFt $415
Broker Co-Op Yes
Year Built 1973
Buildings 1
Stories 2
Acreage 0.488
Zoning Assessor
Parking Spaces 28 spaces
Parking Per SqFt 2.73
Investment Type Value Add
16 Unit Multifamily Building - National City
Marketing description
335 Laurel Avenue is a 16 unit multifamily investment opportunity (Buyer to verify unit #16, the Studio, there is 15 units on title, buyer to verify if unit 16 is a conforming, permitted unit.). Located in the city of National City within San Diego County. Built in 1973, the property consists of sixteen rental units including eight two bedroom one and a half bathroom units, seven one bedroom one bathroom units, and one studio unit that is nonconforming. The unit mix is well balanced, with a strong concentration of two bedroom units that appeal to long term renters and support durable occupancy. The property has undergone mild capital improvements, including full window replacements throughout the building, while interior unit finishes remain largely unrenovated. This presents a clear value-add opportunity for a new owner to renovate units, enhance interior finishes, and increase rents toward market levels while maintaining in place cash flow. The property features gated access and on site parking, providing added security and convenience for tenants. Located in the South Bay region of San Diego County, 335 Laurel Avenue offers convenient access to Interstate 5, regional transit corridors, and nearby retail and dining, and is within close proximity to downtown San Diego and major employment centers. The location continues to attract tenants seeking affordability, connectivity, and convenience, making this a compelling opportunity to acquire a well maintained multifamily asset with meaningful upside through interior upgrades. Contact for more information: Eric von Bluecher D
Investment highlights
Listing Contacts
Listed by Lee & Associates San Diego - Carlsbad
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$170,532.00
$14,211.00/mo
Valuation Metrics
0
DSCR
4.01%
Cap Rate
4.01%
ROI
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