Four-Unit Residential
For Sale
Contact for pricing
2027-31 E Avenue, National City, CA 91950
Three two-bedroom residences and one three-bedroom residence create a varied configuration for residential rental operations.
Property Size3,292 SF
Lot Size0.18 Acres
Price / SF$485.72
Days on Market16
Property Features for 2027-31 E Avenue
General Information
Standard status
Active
Size
3,292 SF
Total Parking Spaces
6
Lot size
0.18 Acres
Property subtype
Multifamily
Units
Unit Mix
3 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
4
Additional Details
Highway Access
Yes
Listing Agency:
Premier Agency R.E. Inc
Listed By:
Alex Ortega · License #01321114
(619) 454-3903
Source:
Crexi
Added: Sep 10
Changed: Sep 19
Last Checked: Sep 24 at 9:53AM
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 Premier Agency R.E. Inc
Investment Insights
Based on property information with market context.
This quadplex comprises four residences with a combined living area of approximately 3,292 square feet on a 7,815-square-foot lot. The configuration includes three 2-bedroom, 1-bath units and one 3-bedroom, 2-bath unit. On-site parking accommodates up to six vehicles. The layout supports operation as a four-unit rental property, while an owner-occupant could reside in one home and rent the others.
The property is in National City near Las Palmas Park and Pool, El Toyon Park, schools, restaurants, grocery stores, everyday services, and Westfield Plaza Bonita. Access to I-5, I-805, and SR-54 connects the property with Downtown San Diego, Chula Vista, military installations, and South Bay employment centers.
The property is in National City near Las Palmas Park and Pool, El Toyon Park, schools, restaurants, grocery stores, everyday services, and Westfield Plaza Bonita. Access to I-5, I-805, and SR-54 connects the property with Downtown San Diego, Chula Vista, military installations, and South Bay employment centers.
Key Highlights
- Four residences: three 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit
- Approximately 3,292 square feet of combined living area
- 7,815‑square‑foot lot in National City
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,983
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,179,660
$1.2M
Cap Rate 7%
$842,614
$842.6K
Cap Rate 9%
$655,367
$655.4K
Market Conditions
NOI Build-Up for 3,292 SF
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.
Gross rent
$88.9K $27.00/SF
− Vacancy
−$4.6K −$1.40/SF
EGI
$84.3K $25.60/SF
− OpEx
−$25.3K −$7.68/SF
NOI
$59.0K $17.92/SF
Area
San Diego County, CA
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,179,660
Cap Rate 7%
$842,614
Cap Rate 9%
$655,367
Alternative Uses
Best Use
Multifamily LT 5
$842.6K
$737.3K – $983.1K
NOI $58,983 @ 7.0% cap · market cap 3.69%
Second Best
Apartment 5plus
$781.4K
$683.7K – $911.6K
NOI $54,698 @ 7.0% cap · market cap 3.42%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,580 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,648
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Three two-bedroom residences and one three-bedroom residence create a varied configuration for residential rental operations.
Where is this quadplex located?
The property is located at 2027-31 E Avenue National City, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Four residences: three 2‑bedroom, 1‑bath units and one 3‑bedroom, 2‑bath unit; Approximately 3,292 square feet of combined living area; 7,815‑square‑foot lot in National City
