Updated Triplex with Fenced
For Sale
$975,000
2806 E 8Th St, National City, CA 91950
Turnkey updated triplex with a mix of 2-bedroom and 1-bedroom units on a fully fenced property.
Property Size1,768 SF
Days on Market50
Property Features for 2806 E 8Th St
General Information
Standard status
Active
Size
1,768 SF
Property subtype
Investment
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Building Size
1,768 SF
Year Built
1938
Units
3
Tenancy
Multi
Listing Agency:
Acropolis Developments
(858) 866-4222
Listed By:
Keaton English · License #02026461
(858) 866-4222
Source:
Elliman
Added: Jun 22
Changed: Aug 7
Last Checked: Aug 10 at 7:21AM
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 Acropolis Developments
Investment Insights
Based on property information with market context.
This updated triplex offers a functional unit mix, including one 2-bedroom, 2-bath unit, one additional 2-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit. The property is described as well-maintained and tastefully updated, with each unit carefully maintained. A fully fenced lot adds privacy and helps define the residential setting.
Located in National City, the property is positioned near major freeways and close to shopping, dining, schools, and employment centers. The walk, bike, and transit scores provided indicate the area is somewhat walkable and bikeable, with some transit access.
For buyers seeking a residential income property with a straightforward, diversified unit configuration, this triplex provides multiple rental-ready layouts in a single asset. The updated condition and fenced site can appeal to tenants who value privacy and a well-kept home environment, while simplifying day-to-day property presentation for an owner or operator.
Located in National City, the property is positioned near major freeways and close to shopping, dining, schools, and employment centers. The walk, bike, and transit scores provided indicate the area is somewhat walkable and bikeable, with some transit access.
For buyers seeking a residential income property with a straightforward, diversified unit configuration, this triplex provides multiple rental-ready layouts in a single asset. The updated condition and fenced site can appeal to tenants who value privacy and a well-kept home environment, while simplifying day-to-day property presentation for an owner or operator.
Key Highlights
- 1938‑built, well‑maintained triplex in National City with updated units throughout
- Unit mix: one 2 bed/2 bath unit, one 2 bed/1 bath unit, and one 1 bed/1 bath unit
- Fully fenced lot for added privacy and security
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
$31,678
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
3.25%
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%
$633,560
$633.6K
Cap Rate 7%
$452,543
$452.5K
Cap Rate 9%
$351,978
$352.0K
Market Conditions
NOI Build-Up for 1,768 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
$47.7K $27.00/SF
− Vacancy
−$2.5K −$1.40/SF
EGI
$45.3K $25.60/SF
− OpEx
−$13.6K −$7.68/SF
NOI
$31.7K $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%
$633,560
Cap Rate 7%
$452,543
Cap Rate 9%
$351,978
Alternative Uses
Best Use
Multifamily LT 5
$452.5K
$396.0K – $528.0K
NOI $31,678 @ 7.0% cap · market cap 3.25%
Second Best
Apartment 5plus
$419.7K
$367.2K – $489.6K
NOI $29,376 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$810.0K
$708.8K – $945.1K
NOI $56,703 @ 7.0% cap · market cap 5.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,065
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?
Triplex - Turnkey updated triplex with a mix of 2-bedroom and 1-bedroom units on a fully fenced property.
Where is this triplex located?
The property is located at 2806 E 8Th St National City, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 1938‑built, well‑maintained triplex in National City with updated units throughout; Unit mix: one 2 bed/2 bath unit, one 2 bed/1 bath unit, and one 1 bed/1 bath unit; Fully fenced lot for added privacy and security
