Multifamily Income
1740 N AVE National City, CA 91950
For Sale
Contact for pricing
Multifamily investment with recent exterior and unit improvements, including a new roof and renovated laundry room.
Property Size12,200 SF
Price / SF$393.44
Days on Market87
Property Features for 1740 N AVE
General Information
- Standard status
- Active
- Size
- 12,200 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing Agency:
Starker West, Inc
(619) 300-0173
Listed By:
Adam Cairo · License #CA 01948040
Source:
Crexi
Added: Apr 28
Changed: Jul 23
Last Checked: Jul 23 at 4:51PM
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 Starker West, Inc
Investment Insights
Based on property information with market context.
1740 N Avenue is a multifamily income property that has recently undergone significant capital improvements. Updates include a brand-new roof, rebuilt exterior stairs, upgraded windows, fresh exterior paint, and a fully renovated laundry room. Approximately half of the units have been updated, with the remaining units offering room for additional interior renovations.
The property is located in National City near major freeways, schools, and key employment hubs, supporting long-term rental demand.
For sale as an income-focused asset, this property provides in-place rental income alongside opportunities to continue bringing units to market standard through further interior improvements.
The property is located in National City near major freeways, schools, and key employment hubs, supporting long-term rental demand.
For sale as an income-focused asset, this property provides in-place rental income alongside opportunities to continue bringing units to market standard through further interior improvements.
Key Highlights
- Multifamily property built in 1970 at 1740 N Avenue in National City.
- Recently completed capital improvements include a brand‑new roof.
- Exterior upgrades include rebuilt exterior stairs and fresh exterior paint.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $388.0k | $31.80 |
| − Vacancy | −$19.4k | −$1.59 |
| EGI | $368.6k | $30.21 |
| − OpEx | −$165.9k | −$13.59 |
| NOI | $202.7k | $16.62 |
12,200 SF · lease $31.80/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.90M
$2.53M – $3.38M
NOI $202,709 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.59M
$4.89M – $6.52M
NOI $391,274 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Residential income properties
FAQs
What type of property is this?
Residential income property - Multifamily investment with recent exterior and unit improvements, including a new roof and renovated laundry room.
Where is this residential income property located?
The property is located at 1740 N AVE National City, CA.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Multifamily property built in 1970 at 1740 N Avenue in National City.; Recently completed capital improvements include a brand‑new roof.; Exterior upgrades include rebuilt exterior stairs and fresh exterior paint.
