1629 Palm Avenue, National City, CA 91950
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
Listed by: eric von bluecher
Office: lee & associates760-929-9700
MLS#:NDP2601110
Source:CRMLS
Price summary
- Price:$4,250,000
- Price per sq. ft.:$400.34
About this home
The property is situated on an approximately 26,571 square foot parcel and is improved with a 10,616 square foot apartment building. The property features a well-balanced 16-unit mix consisting of (2) two-bedroom, two-bathroom units, (9) two-bedroom, one-bathroom units, and (5) one-bedroom, one-bathroom units. The strong concentration of two-bedroom units supports consistent tenant demand, stable occupancy, and durable cash flow from both long-term residents and workforce renters. The property has received select capital improvements, including full window replacement throughout the building and mild interior renovations in select units. The majority of units remain unrenovated, presenting a clear value-add opportunity for a new owner to upgrade interior finishes, modernize unit layouts, and drive rents toward prevailing market levels. According to public records, the property is zoned RM-2, High Density Multi-Unit Residential, which allows for approximately 24 to 48 dwelling units per acre. Based on the site size, the zoning supports a theoretical density range of approximately 15 to 29 units, subject to city approvals, development standards, and design constraints. The existing improvements represent efficient land utilization under current zoning, offering both stable in-place income and longer-term redevelopment optionality. Property amenities include gated access, approximately 32 on-site parking spaces, abundant street parking, on-site laundry facilities, and a tenant-friendly courtyard and garden area that enhances livability and tenant retention. The strong parking coverage is a notable advantage for a multifamily asset of this size and vintage. Located in the South Bay submarket of San Diego County, 1629 Palm Avenue benefits from convenient access to Interstate 5, regional transit corridors, nearby retail and dining amenities, and major employment centers throughout National City, Chula Vista, and Downtown San Diego. The location continues to attract tenants seeking affordability, connectivity, and proximity to both coastal and urban employment hubs. With its desirable unit mix, light renovation profile, strong parking ratio, and RM-2 high-density zoning, 1629 Palm Avenue presents investors with the opportunity to acquire a well-maintained multifamily asset offering immediate value-add upside, redevelopment optionality, and stable in-place cash flow. -------------------------------------------------------------------------------------------- Contact for more information: Eric von Bluecher D 760.929.7846 or evb@lee-associates.com Ivan Del Muro-Garcia D 760.448.2451 or idmg@lee-associates.com-...
Contact an agent
Home facts
- Year built:1977
- Listing ID #:NDP2601110
- Added:120 day(s) ago
- Updated:June 04, 2026 at 10:41 AM
Rooms and interior
- Living area:10,616 sq. ft.
Structure and exterior
- Year built:1977
- Building area:10,616 sq. ft.
- Lot area:0.61 Acres
- Lot Features:Rectangular Lot
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,250,000
- Price per sq. ft.:$400.34
Parking
- Total parking spaces:32
New listings near 1629 Palm Avenue
- Coming Soon
$699,000Coming Soon3 beds 2 bathsAddress Withheld By Seller, National City, CA 91950
MLS# 260013355SDListed by: KRC REAL ESTATE - Open Sat, 12 to 3pmNew
$675,000Active3 beds 2 baths1,088 sq. ft.2526 Melrose Street, National City, CA 91950
MLS# PTP2604200Listed by: PREMIER PROPERTIES - Open Sat, 12 to 3pmNew
$675,000Active3 beds 2 baths1,088 sq. ft.2526 Melrose Street, National City, CA 91950
MLS# PTP2604200Listed by: PREMIER PROPERTIES - Coming SoonOpen Sun, 12 to 4pm
$780,000Coming Soon3 beds 2 baths1917 Palm, National City, CA 91950
MLS# LG26112337Listed by: SURTERRE PROPERTIES - New
$1,299,000Active4 beds 4 baths1,331 sq. ft.3019-3023 E 10th, National City, CA 91950
MLS# 260013016SDListed by: REDFIN CORPORATION - New
$869,000Active3 beds 2 baths1,725 sq. ft.3429 Newberry Street, National City, CA 91950
MLS# PTP2604060Listed by: THE AGENCY - New
$699,000Active3 beds 2 baths1,158 sq. ft.801 Olive Ave, National City, CA 91950
MLS# 260012626SDListed by: REAL BROKER
$810,000Active3 beds 2 baths1,565 sq. ft.3140 E 2nd Street, National City, CA 91950
MLS# PTP2603955Listed by: TEAM Z REALTY
$810,000Active3 beds 2 baths1,565 sq. ft.3140 E 2nd Street, National City, CA 91950
MLS# PTP2603955Listed by: TEAM Z REALTY
$779,900Active4 beds 3 baths1,748 sq. ft.3213 Jacob Ct, National City, CA 91950
MLS# PTP2603948Listed by: COLDWELL BANKER WEST