Renovated 5-Unit Apartment
1704 B Ave, National City, CA 91950
For Sale
$1,200,000
Small multifamily building with renovated interiors, private yards, and separate gas metering for operational efficiency.
Property Size2,272 SF
Lot Size0.11 Acres
Price / SF$528.17
Days on Market140
Property Features for 1704 B Ave
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Additional Details
Highway Access
Multifamily Units
Building Details
Building Size
Year Built
Units
Tenancy
Listing Agency:
Lee & Associates
Listed By:
Eric von Bluecher · License #01926201
(760) 929-7846
Source:
Elliman
Added: Jun 21
Changed: Oct 26
Last Checked: Nov 6 at 9:18AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
B Avenue Apartments is a 5-unit apartment building built in 1955, offering a unit mix of four one-bedroom/one-bath apartments and one studio unit. The property includes several tenant-focused amenities, such as private yards and updated interiors. Ownership has completed renovations to four of the five units, including upgrades with wood cabinetry and quartz countertops, helping modernize the living experience while limiting near-term capital expenditures. Separate gas metering is in place, and ownership provides water, trash, and certain common-area utilities.
Located at 1704–1712 B Avenue in National City, California, the property is positioned for convenient daily access. The surrounding area offers proximity to major employment and destinations, with noted connectivity to Interstate 5, Interstate 805, State Route 54, Downtown San Diego, Naval Base San Diego, and the National City waterfront. WalkScore is 76 (very walkable) and transitScore is 56 (good transit), with bikeScore at 61 (bikeable).
For buyers, the combination of a diversified small-unit mix and partially renovated interiors can support a practical ownership approach with in-place residential income. The presence of separate gas metering and clarified utility responsibilities provided by ownership can also simplify operations. Buyer to verify all property information, including square footage, lot size, unit mix, utility metering, parking availability, permits, financial information, and market rental assumptions.
Located at 1704–1712 B Avenue in National City, California, the property is positioned for convenient daily access. The surrounding area offers proximity to major employment and destinations, with noted connectivity to Interstate 5, Interstate 805, State Route 54, Downtown San Diego, Naval Base San Diego, and the National City waterfront. WalkScore is 76 (very walkable) and transitScore is 56 (good transit), with bikeScore at 61 (bikeable).
For buyers, the combination of a diversified small-unit mix and partially renovated interiors can support a practical ownership approach with in-place residential income. The presence of separate gas metering and clarified utility responsibilities provided by ownership can also simplify operations. Buyer to verify all property information, including square footage, lot size, unit mix, utility metering, parking availability, permits, financial information, and market rental assumptions.
Key Highlights
- 5‑unit multifamily at 1704–1712 B Avenue in National City, CA
- 2,272 SF total with unit mix of (4) 1BD/1BA and (1) studio unit
- Built in 1955 on an approximately 4,827 SF lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,750
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$755,000
$755.0K
Cap Rate 7%
$539,286
$539.3K
Cap Rate 9%
$419,444
$419.4K
Market Conditions
NOI Build-Up for 2,272 SF
Gross rent
$72.2K $31.80/SF
− Vacancy
−$3.6K −$1.59/SF
EGI
$68.6K $30.21/SF
− OpEx
−$30.9K −$13.59/SF
NOI
$37.8K $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%
$755,000
Cap Rate 7%
$539,286
Cap Rate 9%
$419,444
Alternative Uses
Best Use
Apartment 5plus
$539.3K
$471.9K – $629.2K
NOI $37,750 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$910.8K – $1.21M
NOI $72,867 @ 7.0% cap · market cap 6.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,746
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
$580,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Small multifamily building with renovated interiors, private yards, and separate gas metering for operational efficiency.
Where is this apartment building located?
The property is located at 1704 B Ave National City, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 5‑unit multifamily at 1704–1712 B Avenue in National City, CA; 2,272 SF total with unit mix of (4) 1BD/1BA and (1) studio unit; Built in 1955 on an approximately 4,827 SF lot
