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29578100
29578096

335 Laurel Avenue, National City, CA 91950

Lee & Associates San Diego - Carlsbad
ID
CA CA 02169365
Lee & Associates San Diego - Carlsbad
Listed by Lee & Associates San Diego - Carlsbad
$4,250,000
128 days on market
Updated 11 days ago

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

  • Asking $4,250,000

  • Cost Per Unit $265,625

  • Cost Per Foot $414.72

  • 1973 Year Built

  • GRM 13.99 Current / Market 10.06

  • Cap Rate 4.01% / Market 6.72%

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Listing Contacts

Lee & Associates San Diego - Carlsbad
ID
CA CA 02169365
Lee & Associates San Diego - Carlsbad
Listed by Lee & Associates San Diego - Carlsbad

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Loan Amount
$0.00
Annual Debt Service
$--
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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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Additional Information

Name
Eric Von Bluecher
License
01926201
Brokerage Phone
7609297846
Name
Ivan Del Muro-Garcia
License
CA 02169365
Brokerage
Lee & Associates
Brokerage Phone
7604482451
Title
Associate
Brokerage Address
1902 Wright Place
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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