Five-Unit Apartment
For Sale
$1,599,000
2241-2247 Prospect, National City, CA 91950
Residential Income, National City, CA
Property Size5,046 SF
Price / SF$316.88
Days on Market27
Property Features for 2241-2247 Prospect
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
12
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 3, Bedroom 7, Bedroom 12, Bedroom 5, Bedroom 6, Bedroom 10, Bedroom 9, Bedroom 4, Bathroom 3, Bedroom 2, Bedroom 11, Bathroom 2, Bedroom 1, Bathroom 4, Bathroom 5, Bathroom 1, Bedroom 8
Subdivision
NATIONAL CITY (91950)
Standard status
Active
APN
561-420-08-00
Size
5,046 SF
Building Details
Number of units
5
Listing Agency:
Coldwell Banker Realty
(619) 460-6600
Listed By:
John Ronis · License #01846535
(619) 565-5616
Added: Sep 21
Changed: Oct 16
Last Checked: Oct 17 at 6:06AM
MLS# 260023075
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
This 5,046-square-foot apartment property combines a detached three-bedroom residence with four additional units. The physical separation between the home and the multifamily units supports an owner-user configuration while retaining income-producing space on the same property.
Located at 2241-2247 Prospect in National City, California, the property is identified with peek-a-boo views of the Bay. The five-unit layout offers a mix of residential living space and rental units within one apartment-building asset.
Located at 2241-2247 Prospect in National City, California, the property is identified with peek-a-boo views of the Bay. The five-unit layout offers a mix of residential living space and rental units within one apartment-building asset.
Key Highlights
- Five‑unit apartment property totaling 5,046 square feet
- Detached three‑bedroom residence separate from four additional units
- Owner‑user configuration with separate income‑producing units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,842
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,676,840
$1.7M
Cap Rate 7%
$1,197,743
$1.2M
Cap Rate 9%
$931,578
$931.6K
Market Conditions
NOI Build-Up for 5,046 SF
Gross rent
$160.5K $31.80/SF
− Vacancy
−$8.0K −$1.59/SF
EGI
$152.4K $30.21/SF
− OpEx
−$68.6K −$13.59/SF
NOI
$83.8K $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%
$1,676,840
Cap Rate 7%
$1,197,743
Cap Rate 9%
$931,578
Alternative Uses
Best Use
Apartment 5plus
$1.20M
$1.05M – $1.40M
NOI $83,842 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.31M
$2.02M – $2.70M
NOI $161,834 @ 7.0% cap · market cap 10.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
504
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 Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Detached three-bedroom residence accompanies four additional income-producing units in a separated multifamily configuration.
Where is this apartment building located?
The property is located at 2241-2247 Prospect 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: Five‑unit apartment property totaling 5,046 square feet; Detached three‑bedroom residence separate from four additional units; Owner‑user configuration with separate income‑producing units
