Modern Duplex with Central
For Sale
$1,099,000
Pending
2816-18 D Ave, National City, CA 91950
MULTI_FAMILY - National City, CA
Property Size2,300 SF
Lot Size0.19 Acres
Days on Market46
Property Features for 2816-18 D Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-4:MULTIP
Bedrooms
5
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 4, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 5, Bathroom 3, Bedroom 3
Pets allowed
Yes
Exterior features
Easement Access
Subdivision
NATIONAL CITY
Elementary school
National School District
Middle school
Sweetwater Union High School Dis
High school
Sweetwater Union High School Dis
Standard status
Pending
APN
562-170-21-00
Size
2,300 SF
Lot size
0.19 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air
Amenities
central HVAC
laundry hookups
Building Details
Year built
2019
Floors in Building
1
Number of units
2
Listing Agency:
eXp Realty of California, Inc.
(888) 584-9427
Listed By:
Voltaire Lepe · License #01422464
(619) 852-2222
Added: Jul 14
Changed: Aug 18
Last Checked: Aug 28 at 10:06PM
MLS# 260017164
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2019, this well-maintained duplex sits on one lot with two separate residences. The main home features 4 bedrooms and 3 bathrooms and includes an attached 2-car garage, plus convenient laundry hookups. The second home is a 1-bedroom, 1-bath residence. Both units have central heating and air conditioning, and the property includes rain gutters and a low-maintenance yard.
The property is zoned R-4:MULTIP. Buyer to verify all zoning, density, and development opportunities with the City of National City. The address is listed as 2816-18 D Ave in National City, CA 91950, and the home is described as being near shopping, restaurants, schools, parks, public transportation, Plaza Bonita, the 24th Street Trolley Station, major freeways including I-5, I-805 and SR-54, Downtown San Diego, Navy bases, San Diego Bay, and the U.S.-Mexico border.
This is a single-lot duplex configuration totaling approximately 2,300 square feet, providing two independently set up residences within an owner-occupant or investor-friendly layout.
The property is zoned R-4:MULTIP. Buyer to verify all zoning, density, and development opportunities with the City of National City. The address is listed as 2816-18 D Ave in National City, CA 91950, and the home is described as being near shopping, restaurants, schools, parks, public transportation, Plaza Bonita, the 24th Street Trolley Station, major freeways including I-5, I-805 and SR-54, Downtown San Diego, Navy bases, San Diego Bay, and the U.S.-Mexico border.
This is a single-lot duplex configuration totaling approximately 2,300 square feet, providing two independently set up residences within an owner-occupant or investor-friendly layout.
Key Highlights
- Duplex on one lot built in 2019 in National City
- Main residence: 4 bedrooms, 3 bathrooms, with attached 2‑car garage and laundry hookups
- Second residence: 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,210
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$824,200
$824.2K
Cap Rate 7%
$588,714
$588.7K
Cap Rate 9%
$457,889
$457.9K
Market Conditions
NOI Build-Up for 2,300 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$62.1K $27.00/SF
− Vacancy
−$3.2K −$1.40/SF
EGI
$58.9K $25.60/SF
− OpEx
−$17.7K −$7.68/SF
NOI
$41.2K $17.92/SF
Area
San Diego County, CA
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$824,200
Cap Rate 7%
$588,714
Cap Rate 9%
$457,889
Alternative Uses
Best Use
Multifamily LT 5
$588.7K
$515.1K – $686.8K
NOI $41,210 @ 7.0% cap · market cap 3.75%
Second Best
Apartment 5plus
$545.9K
$477.7K – $636.9K
NOI $38,216 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$1.05M
$922.1K – $1.23M
NOI $73,765 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,331
Businesses Nearby
Explore this area
Business Placement
Demographics for 91950, CA
57,849
Population
19,049
Households
3
Avg Household Size
36
Median Age
16%
College-Educated
76%
High-School Grad
7.3 sq mi
ZIP Area
7,925
Density / Sq Mi
$63,858
Median Household Income
$34,013
Median Earnings
$1,600
Median Rent
$580,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2019, this duplex offers two separate residences with central heating and air, including an attached two-car garage.
Where is this duplex located?
The property is located at 2816-18 D Ave National City, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Duplex on one lot built in 2019 in National City; Main residence: 4 bedrooms, 3 bathrooms, with attached 2‑car garage and laundry hookups; Second residence: 1 bedroom and 1 bathroom
