3905-9 National Ave 3 Unit Apartment Building $1,148,800 ($382,933/Unit) San Diego, CA 92113
EXECUTIVE SUMMARY
Are you looking for an income property in good condition, with market rents, and price for an investment purchase? YOUR SEARCH STOPS HERE! This unique three-unit property includes a near-brand-new Duplex (2 beds/2 baths + studio) and a separate detached home (2 beds/1 bath). Enjoy owning and operating AS-IS or ADD-Value with potential for a lot split to separate the house + duplex legally, add additional density utilizing subject RM 2-5 zoning, or consider the City of San Diego Bonus ADU program. This is an ideal purchase for a first-time investor, an exchange buyer leveraging up or seeking simplicity, or an owner-occupied buyer seeking affordability with long-term upside.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Price | $1,148,800 |
| Price Per Unit | $382,933 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.12 AC |
| Building Size | 5,404 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2021 |
| Parking Ratio | 0.74/1,000 SF |
| Opportunity Zone |
Yes |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+3 | 3 | - | - |
1 of 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 551-031-01 | Improvements Assessment | $153,109 |
| Land Assessment | $349,965 | Total Assessment | $503,074 |
ZONING
| Zoning Code | RM-2-5 (Zoned RM 2-5, maximum permitted density is 1 dweliing unit per 1500 lot square feet.) |
