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Property profile & analytics

331 1St St National City, CA 91950

  • Commercial real estate
  • 9,400 SF
  • 0.35 lot acres
OFF-MARKET
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US09-9429494
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 331 1St St

Year built
2000
Lot size
0.35 lot acres
Property size
9,400 SF
Property type
Commercial real estate
APN
556-010-50-00

Description

This exceptional 12-unit apartment building presents a compelling investment opportunity in the thriving National City, California market. Located at 331 E 1st St, 91950, this property boasts a total of 9,400 square feet on a 0.35-acre lot (APN: 556-010-50-00). Built between 2000 and 2023, the building comprises ten two-bedroom, one-bathroom units and two one-bedroom, one-bathroom units, each offering individual garages and outdoor spaces. The asking price is $3,300,000, translating to $275,000 per unit and $351.06 per square foot. The current cap rate stands at 2.65%, while the pro-forma cap rate projects to 6.82%, yielding a pro-forma NOI of $225,085. National City's strategic location offers convenient access to major transportation hubs, Downtown San Diego, the Port of San Diego, and key employment centers, ensuring strong tenant demand. The property's classic charm provides a blank canvas for value-add improvements, capitalizing on the growing need for upgraded rentals in this dynamic community. Its diverse unit mix and potential for higher rents through future upgrades position this asset for both stable income generation and significant long-term capital appreciation. This is an ideal opportunity for investors seeking to capitalize on the San Diego real estate market's continued growth, particularly within emerging areas like National City. The property's prime location, combined with its inherent potential for enhancement, makes it a truly attractive investment prospect.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

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Location Insight

  • Map
  • Local Demand
City
National City
County
San Diego
State
California
Longitude
-117.10555256318
Latitude
32.68293534364
More about this property
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