5-Unit Apartment
For Sale
$1,599,000
2241-2247 Prospect, National City, CA 91950
A detached three-bedroom residence is separated from four additional units.
Property Size5,046 SF
Price / SF$316.88
Days on Market40
Property Features for 2241-2247 Prospect
General Information
Standard status
Active
Size
5,046 SF
Property subtype
Com-Res Income
Additional Details
Gross Income
$99,600
Multifamily Units
5
Tenant in Place
Yes
Building Details
Building Size
5,046 SF
Listing Agency:
Coldwell Banker Realty
Listed By:
John Ronis · License #01846535
(619) 565-5616
Source:
Keyconnectionsrealty
Added: Sep 21
Changed: Oct 27
Last Checked: Oct 26 at 2:33PM
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 Coldwell Banker Realty
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 home with four additional units. The separate residence provides a distinct layout within the five-unit property.
Located at 2241-2247 Prospect in National City, the property has peek-a-boo views of the Bay.
Located at 2241-2247 Prospect in National City, the property has peek-a-boo views of the Bay.
Key Highlights
- Five units, including a detached three‑bedroom home and four additional units
- 5,046 square feet
- Peek‑a‑boo views of the Bay
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
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A detached three-bedroom residence is separated from four additional units.
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 units, including a detached three‑bedroom home and four additional units; 5,046 square feet; Peek‑a‑boo views of the Bay
