Duplex with Detached
2304 G Ave, National City, CA 91950
For Sale
$1,099,000
Two homes on one parcel combine a vacant, recently updated front residence with an occupied rear home.
Property Size2,310 SF
Price / SF$475.76
Days on Market50
Property Features for 2304 G Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Asking Price
Highway Access
Amenities
separate laundry facilities
Building Details
Year Built
Buildings
Listing Agency:
ACI Apartments
Listed By:
Christina M Labowicz · License CA #02055851
(858) 876-5701
Source:
Viewsandiegohouses
Added: Sep 23
Changed: Nov 9
Last Checked: Nov 10 at 11:26AM
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 ACI Apartments
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Investment Insights
Based on property information with market context.
This duplex property at 2304 G Avenue comprises two detached residences on one lot, with a combined 7 bedrooms and 3 bathrooms. The vacant front home has 3 bedrooms and 2 bathrooms, an updated kitchen, refreshed bathrooms, modern finishes and separate laundry; an optional fourth bedroom is also noted. The rear residence has 3 bedrooms and 1 bathroom, is occupied, and has its own laundry facilities. Parking is available on site.
The property is in National City, near Los Palmas Park, local restaurants, shopping and major freeways.
The property is in National City, near Los Palmas Park, local restaurants, shopping and major freeways.
Key Highlights
- Two detached homes on one lot
- Combined 7 bedrooms and 3 bathrooms
- Vacant front residence with 3 bedrooms and 2 bathrooms; optional fourth bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,389
Cap Rate
3.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$827,780
$827.8K
Cap Rate 7%
$591,271
$591.3K
Cap Rate 9%
$459,878
$459.9K
Market Conditions
NOI Build-Up for 2,310 SF
Gross rent
$62.4K $27.00/SF
− Vacancy
−$3.2K −$1.40/SF
EGI
$59.1K $25.60/SF
− OpEx
−$17.7K −$7.68/SF
NOI
$41.4K $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 Rate 5%
$827,780
Cap Rate 7%
$591,271
Cap Rate 9%
$459,878
Alternative Uses
Best Use
Multifamily LT 5
$591.3K
$517.4K – $689.8K
NOI $41,389 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$548.3K
$479.8K – $639.7K
NOI $38,382 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$1.06M
$926.1K – $1.23M
NOI $74,086 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,369
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
$580,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Duplexes in San Diego County, CA
Properties on Market for Duplexes in San Diego County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two homes on one parcel combine a vacant, recently updated front residence with an occupied rear home.
Where is this duplex located?
The property is located at 2304 G Ave National City, CA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Two detached homes on one lot; Combined 7 bedrooms and 3 bathrooms; Vacant front residence with 3 bedrooms and 2 bathrooms; optional fourth bedroom
