Four-Unit Mixed-Use
For Sale
$895,000
1343 45 Highland Ave, National City, CA 91950
Combines rear residential units with two ground-floor commercial suites fronting Highland Avenue.
Property Size1,908 SF
Days on Market60
Property Features for 1343 45 Highland Ave
General Information
Standard status
Active
Size
1,908 SF
Property subtype
Investment
Zoning
MXC-2
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units
2
Building Details
Building Size
1,908 SF
Year Built
1945
Units
3
Tenancy
Multi
Listing Agency:
Lee & Associates | North San Diego County
Listed By:
Ivan Del Muro-Garcia · License #02169365
(619) 623-2132
Source:
Elliman
Added: Aug 8
Changed: Sep 30
Last Checked: Oct 5 at 7:01PM
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 Lee & Associates | North San Diego County
Investment Insights
Based on property information with market context.
This mixed-use property combines four operating units within a single parcel: two residential units positioned toward the rear and two commercial suites along Highland Avenue. The residential component includes a 2 bedroom, 1 bath home and a 1 bedroom, 1 bath unit, while the street-facing spaces are configured as a retail salon and an office. Two units are currently positioned for leasing.
The property is located in National City on Highland Avenue, identified as a designated mixed-use commercial corridor. MXC-2 zoning, or Major Mixed-Use Corridor, permits single-family, multifamily, and mixed residential/commercial development by right, subject to the City’s approval process. The zoning framework allows up to 75 dwelling units per acre and buildings up to 65 feet. County records show 3 units on title, while the property currently operates as 4 units. Built in 1945, it also records a Walk Score of 76, Bike Score of 61, and Transit Score of 56.
The property is located in National City on Highland Avenue, identified as a designated mixed-use commercial corridor. MXC-2 zoning, or Major Mixed-Use Corridor, permits single-family, multifamily, and mixed residential/commercial development by right, subject to the City’s approval process. The zoning framework allows up to 75 dwelling units per acre and buildings up to 65 feet. County records show 3 units on title, while the property currently operates as 4 units. Built in 1945, it also records a Walk Score of 76, Bike Score of 61, and Transit Score of 56.
Key Highlights
- Four operating units: two residential and two ground‑floor commercial suites
- Residential units include a 2 bedroom, 1 bath home and a 1 bedroom, 1 bath unit
- Recorded as 3 units on title; currently operates as 4 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,149
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,980
$883.0K
Cap Rate 7%
$630,700
$630.7K
Cap Rate 9%
$490,544
$490.5K
Market Conditions
NOI Build-Up for 1,908 SF
Gross rent
$68.7K $36.00/SF
− Vacancy
−$9.8K −$5.15/SF
EGI
$58.9K $30.85/SF
− OpEx
−$14.7K −$7.71/SF
NOI
$44.1K $23.14/SF
Area
San Diego County, CA
Vacancy
14.30%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,980
Cap Rate 7%
$630,700
Cap Rate 9%
$490,544
Alternative Uses
Best Use
Office B
$630.7K
$551.9K – $735.8K
NOI $44,149 @ 7.0% cap · market cap 4.93%
Second Best
Mixed Use
$588.7K
$515.1K – $686.8K
NOI $41,206 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$874.2K
$764.9K – $1.02M
NOI $61,193 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,082
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office 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?
Mixed-use property - Combines rear residential units with two ground-floor commercial suites fronting Highland Avenue.
Where is this mixed-use property located?
The property is located at 1343 45 Highland Ave National City, CA.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Four operating units: two residential and two ground‑floor commercial suites; Residential units include a 2 bedroom, 1 bath home and a 1 bedroom, 1 bath unit; Recorded as 3 units on title; currently operates as 4 units
