4086-98 National Avenue, San Diego, CA 92113
Local realty services provided by:CENTURY 21 Masters
4086-98 National Avenue,San Diego, CA 92113
$1,250,000
- 3 Beds
- 2 Baths
- - sq. ft.
- Multi-family
- Pending
Listed by: maxwell brown
Office: commercial asset advisors
MLS#:PTP2607421
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,250,000
About this home
The offer process has been completed on National Ave, no other offers or prospective interest will be considered. Please do not walk the property or disturb tenants. 4086-98 National Ave presents a huge value-add opportunity to acquire 9 units in San Diego at an exceptional cost basis. Offered at $1,250,000, the property is priced at just $138,889 per unit, significantly below prevailing price-per-unit levels for comparable multifamily properties. This low acquisition basis provides investors with significant upside to complete a comprehensive renovation and reposition the asset for long-term cash flow and appreciation. This will need to be a cash or private financing only sale! The property consists of eight (8) one-bedroom/one-bathroom units and one (1) detached two-bedroom/one-bathroom house. All units are single-story, providing convenient access and an efficient, low-density residential layout. The property is individually metered for gas and electricity and offers a single-car garage, an oversized approximately 1.5-car-wide garage, and four additional off-street parking spaces. The asset currently exhibits substantial deferred maintenance and rents well below prevailing market levels, creating significant upside through a full interior and exterior renovation program. Post renovation and stabilization projects $216,780 GSI and $148,311 NOI, resulting in an 11.86% pro forma cap rate, excluding renovation costs. Additional revenue potential includes garage and parking income, laundry income, and the implementation of a water and trash reimbursement program. Located in S...
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Home facts
- Listing ID #:PTP2607421
- Added:22 day(s) ago
- Updated:October 24, 2026 at 09:14 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:2
Finances and disclosures
- Price:$1,250,000
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