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1214-20 E 18th
South Bay National City 91950

$1,295,000
2-4 Units built: 1959

Main Photo: NATIONAL CITY Property for sale: 1214-20 E 18th
Photo 1: NATIONAL CITY Property for sale: 1214-20 E 18th
Photo 2: NATIONAL CITY Property for sale: 1214-20 E 18th
Photo 3: NATIONAL CITY Property for sale: 1214-20 E 18th
Photo 4: NATIONAL CITY Property for sale: 1214-20 E 18th
Photo 5: NATIONAL CITY Property for sale: 1214-20 E 18th
Photo 6: NATIONAL CITY Property for sale: 1214-20 E 18th
Photo 7: NATIONAL CITY Property for sale: 1214-20 E 18th
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Photo 11: NATIONAL CITY Property for sale: 1214-20 E 18th
Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
250024408
Year Built:
1959
First Time on Market in Over 35 Years – Prime Value-Add Opportunity in National City! Welcome to 1214-20 E 18th Street, a rare investment opportunity in the heart of National City. Hitting the market for the first time in over three decades, this well-located multifamily asset features four spacious 2-bedroom, 1-bathroom units situated on a generous 9,431 square foot lot. In addition to the main residential buildings, the property includes a third detached structure housing four single-car garages and an extra storage room. This additional structure presents a compelling opportunity for increased revenue—whether through renting the garages separately or converting the space into Accessory Dwelling Units (ADUs), subject to city approval. All units are currently tenant-occupied with month-to-month leases, offering maximum flexibility for repositioning. Rents are approximately 50% below market, providing immediate upside potential through renovation and rent increases. Investors will appreciate the ability to add value by modernizing interiors and capturing significant cash flow growth. Don't miss this exceptional chance to acquire a well-located asset with strong fundamentals, significant rental upside, and multiple value-add pathways.
Lot Size:
7,500-10,889 SF
Number of Buildings:
3
Number of Units:
4
Year Built:
1959
Stories:
1 Story
Total Stories:
1
Market Area:
South Bay
Community:
NATIONAL CITY
County:
San Diego
Neighborhood Code:
National City
Name of Complex/Subdivision:
0
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Cable TV, Electricity, Gas/Propane, Other/Remarks
Projected net operating income:
86341
Other income:
0
Projected other income:
0.0
Annual expense actual:
31740
Projected annual expense:
31740
Cap Rate.:
2.3
Projected Cap Rate.:
6.67
Gross Rent Multiplier:
20.4
Projected Gross Rent Multiplier:
10.8
Gross scheduled income:
63480
Projected gross scheduled income:
120000
Unit Number for Unit 1:
1214
Finished Area for Unit 1:
700 sq. ft.
Bedrooms for Unit 1:
2
Number of bathrooms for Unit 1:
1
Full Bathrooms for Unit 1:
1
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
500.0
Total Rent for Unit 1:
1245.0
Projected Rent for Unit 1:
2500.0
Unit 1 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 1:
No
Unit Number for Unit 2:
1216
Finished Area for Unit 2:
700 sq. ft.
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
1
Full Bathrooms for Unit 2:
1
Half Bathrooms for Unit 2:
0
Deposit for Unit 2:
500.0
Total Rent for Unit 2:
1295.0
Projected Rent for Unit 2:
2500.0
Unit 2 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 2:
No
Unit Number for Unit 3:
1218
Finished Area for Unit 3:
700 sq. ft.
Bedrooms for Unit 3:
2
Number of bathrooms for Unit 3:
1
Full Bathrooms for Unit 3:
1
Half Bathrooms for Unit 3:
0
Deposit for Unit 3:
500.0
Total Rent for Unit 3:
1345.0
Projected Rent for Unit 3:
2500.0
Unit 3 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 3:
No
Unit Number for Unit 4:
1220
Finished Area for Unit 4:
700 sq. ft.
Bedrooms for Unit 4:
2
Number of bathrooms for Unit 4:
1
Full Bathrooms for Unit 4:
1
Half Bathrooms for Unit 4:
0
Deposit for Unit 4:
500.0
Total Rent for Unit 4:
1405.0
Projected Rent for Unit 4:
2500.0
Unit 4 Exclusive Use Yard:
No
Laundry Hook Ups for Unit 4:
No
L Ave
Exterior Features:
Stucco
Cooling:
None
Number of Units with Cooling:
0
Number of Units with Dishwashers:
0
Number of Units with Dryers:
0
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
4
Number of Units with Patios:
4
Number of Units with Range/Oven:
4
Number of Units with Refrigerators:
4
Number of Units with Washers:
0
Roof:
Composition
Security:
Other/Remarks
Fencing:
Partial
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional, Exchange, FHA, Other/Remarks, VA
Parcel Number:
561-210-33-00
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Listed by The Browar Group
Data was last updated April 24, 2025 at 03:10 PM (UTC)
Area Statistics
Listings on market:
33
Avg list price:
$1,300,000
Min list price:
$735,000
Max list price:
$4,500,000
Avg days on market:
37
Min days on market:
3
Max days on market:
401
Avg price per sq.ft.:
$200.85
These statistics are generated based on the current listing's property type and located in South Bay. Average values are derived using median calculations.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego Multiple Listing Service, Inc.