Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    National City Multifamily Investment Property Title is generated by Realmo AI

    1609 E 10th St., National City, CA 91950

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Eight-unit apartment building with strong income and upgrade potential.

    Type:Multifamily
    Property size:
    4,896 SF
    Price / SF:
    $403/SF
    Added:
    Feb 20, 2026
    Days on Market:
    80
    Last Refresh:
    Mar 19 at 10:31 pm

    Property Features for 1609 E 10th St.

    General Information

    Standard status
    Active
    Size
    4,896 SF
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    ray adams

    Listing agent ray adams License #00989238

    Listing office Ray Adams Investment Real Estate Inc

    Listing date Feb 20, 2026

    Source Crexi

    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 Ray Adams Investment Real Estate Inc

    HighLights

    • Strong in‑place income with 5% cap rate.
    • Desirable unit mix: four 1/1 and four 2/1 units.
    • Upgraded interiors, new windows, and new electrical upgrades.
    • Potential to increase income.
    • Well‑maintained property.
    • Convenient location: walking distance to shopping, dining, and bus routes; close to major employment centers.

    Overview

    This is an eight-unit rental property featuring a mix of four one-bedroom, one-bathroom units and four two-bedroom, one-bathroom units. The property is well-maintained and includes new windows, electrical upgrades, and upgraded interiors. It is located within walking distance of shopping, dining, and bus routes, and offers convenient access to major employment centers such as Gaylord Resort, Naval Base San Diego, Plaza Blvd retailers, and the Mile of Cars. The property has a total size of 4896 square feet and is currently operating at a 5% cap rate based on in-place rents, with potential for income increases.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    National City
    County
    San Diego
    State
    California
    Longitude
    -117.08965
    Latitude
    32.6789021

    Nearby Similar for Sale

    • $1,299,000
      1,871 SF

      National City Triplex For Sale

      Reimagined triplex with income-producing potential in National City, CA.
      3019-3023 E 10Th Street, National City, CA 91950
      View Details
    • $899,999
      19,738 SF

      National City Mixed-Use Development Opportunity

      Three units on a commercially zoned lot for sale.
      2641 E 18th Street 45, National City, CA 91950
      View Details
    • $1,350,000
      2,300 SF

      National City Multifamily Property

      Three-unit property with ADU potential in National City, CA.
      2547 A Ave, National City, CA 91950
      View Details
    • $895,000

      National City Turn-Key Duplex

      Renovated duplex with cash flow and ADU potential.
      2605 Fenton Pl, National City, CA 91950
      View Details
    • $1,150,000

      National City Multifamily Investment Opportunity

      Five-unit property with value-add potential in a growing area.
      1426 E 16th St, National City, CA 91950
      View Details
    • $895,000
      1,198 SF

      Turn-Key Duplex in National City

      Duplex with cash flow and opportunity in National City.
      2605-7 Fenton Pl, National City, CA 91950
      View Details
    • Contact for pricing
      3,600 SF

      710 E 8th st, national city

      Rare automotive property in thriving National City corridor.
      710 8Th St, National City, CA 91950
      View Details
    • $4,250,000
      10,616 SF

      National City Multifamily Investment Opportunity

      16-unit multifamily property with value-add potential in National City.
      1629 Palm Ave, National City, CA 91950
      View Details
    • $4,250,000
      10,248 SF

      National City Multifamily Investment Opportunity

      16-unit multifamily property in National City, California.
      335 Laurel Ave, National City, CA 91950
      View Details
    • $800,000

      National City Income Property

      Three-unit property on a large lot with expansion potential.
      3121 Alta Drive, National City, CA 91950
      View Details
    • $1,995,000
      5,300 SF

      National City Industrial Space

      Industrial property available for rent in National City, California.
      320 Civic Center Dr, National City, CA
      View Details
    • $1,385,000
      3,538 SF

      National City Mixed-Use Building

      Mixed-use building in National City with office, retail potential.
      921 Coolidge Ave, National City, CA
      View Details

    FAQs

    What type of property is this?
    Apartment building - Eight-unit apartment building with strong income and upgrade potential.
    Where is this apartment building located?
    The property is located at 1609 E 10th St. National City, CA.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: Strong in‑place income with 5% cap rate.; Desirable unit mix: four 1/1 and four 2/1 units.; **Upgraded interiors, new windows, and new electrical upgrades.**
    (619) 884-5456 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    ray adams
    Real Estate License ID: 00989238
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1609 E 10th St., National City, CA 91950
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!