Multifamily
New
For Sale
$749,000
2415 Van Ness Ave, National City, CA 91950
Multi-unit housing near shopping, dining, schools, public transportation and major freeways in National City.
Property Size2,204 SF
Lot Size0.33 Acres
Days on Market4
Property Features for 2415 Van Ness Ave
General Information
Standard status
Active
Size
2,204 SF
Lot size
0.33 Acres
Property subtype
Investment
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Building Size
2,204 SF
Year Built
1938
Units
3
Listed By:
Tania Navarrete Sarinana
(619) 305-6583
Source:
Elliman
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 20 at 8:14PM
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 Tania Navarrete Sarinana
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property dates to 1938 and sits on a 0.33-acre parcel in National City. The multi-unit configuration supports residential income use. Shopping, restaurants, schools, public transportation and major freeways are nearby.
Key Highlights
- 0.33‑acre property in National City
- Built in 1938
- Near shopping, dining, schools, public transportation and major freeways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,621
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,420
$732.4K
Cap Rate 7%
$523,157
$523.2K
Cap Rate 9%
$406,900
$406.9K
Market Conditions
NOI Build-Up for 2,204 SF
Gross rent
$70.1K $31.80/SF
− Vacancy
−$3.5K −$1.59/SF
EGI
$66.6K $30.21/SF
− OpEx
−$30.0K −$13.59/SF
NOI
$36.6K $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%
$732,420
Cap Rate 7%
$523,157
Cap Rate 9%
$406,900
Alternative Uses
Best Use
Apartment 5plus
$523.2K
$457.8K – $610.4K
NOI $36,621 @ 7.0% cap · market cap 4.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$883.6K – $1.18M
NOI $70,686 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
477
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?
Multifamily property - Multi-unit housing near shopping, dining, schools, public transportation and major freeways in National City.
Where is this multifamily property located?
The property is located at 2415 Van Ness Ave National City, CA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 0.33‑acre property in National City; Built in 1938; Near shopping, dining, schools, public transportation and major freeways
