5-Unit Apartment
1101 9 E 9th, National City, CA 91950
For Sale
New
$1,650,000
Updated apartments feature newer windows and views toward San Diego Bay.
Property Size3,710 SF
Days on Market6
Property Features for 1101 9 E 9th
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Tenant in Place
Building Details
Building Size
Year Built
Units
Listing Agency:
Home Investment Center
Listed By:
Teresa Cota · License CA #00835137
(619) 200-0750
Source:
Elliman
Added: Nov 6
Changed: Nov 10
Last Checked: Nov 10 at 8:20AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Home Investment Center
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Investment Insights
Based on property information with market context.
Built in 1969, this five-unit apartment property includes four two-bedroom, one-bath units and one one-bedroom, one-bath unit. The apartments have been upgraded, and newer windows are installed. The property also offers parking for multiple vehicles and space identified for an additional unit; no use or approval is specified for that space.
National City Plaza Shopping Center, multiple schools, and San Diego Bay are nearby. Freeway 805 is less than 2 miles away. The property has a mix of long-term tenants and views of the bay.
National City Plaza Shopping Center, multiple schools, and San Diego Bay are nearby. Freeway 805 is less than 2 miles away. The property has a mix of long-term tenants and views of the bay.
Key Highlights
- Five apartments: four with two bedrooms and one bath, plus one with one bedroom and one bath
- Upgraded units with newer windows
- Space identified for an additional unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,644
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,232,880
$1.2M
Cap Rate 7%
$880,629
$880.6K
Cap Rate 9%
$684,933
$684.9K
Market Conditions
NOI Build-Up for 3,710 SF
Gross rent
$118.0K $31.80/SF
− Vacancy
−$5.9K −$1.59/SF
EGI
$112.1K $30.21/SF
− OpEx
−$50.4K −$13.59/SF
NOI
$61.6K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,232,880
Cap Rate 7%
$880,629
Cap Rate 9%
$684,933
Alternative Uses
Best Use
Apartment 5plus
$880.6K
$770.6K – $1.03M
NOI $61,644 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,986 @ 7.0% cap · market cap 7.21%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,750
Businesses Nearby
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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
$580,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in San Diego County, CA
Properties on Market for Apartment buildings in San Diego County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated apartments feature newer windows and views toward San Diego Bay.
Where is this apartment building located?
The property is located at 1101 9 E 9th National City, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Five apartments: four with two bedrooms and one bath, plus one with one bedroom and one bath; Upgraded units with newer windows; Space identified for an additional unit
