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.
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.