Residential Income Property with Detached
New
For Sale
$1,250,000
3150 54 National Ave, San Diego, CA 92113
A 3-bedroom front residence is complemented by separate 1-bedroom living spaces and a detached garage.
Property Size2,100 SF
Days on Market4
Property Features for 3150 54 National Ave
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Investment
Site & Location
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Building Details
Building Size
2,100 SF
Year Built
1920
Units
3
Listed By:
Grethel Buturla
(619) 576-6371
Source:
Elliman
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 4 at 12:22PM
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 Grethel Buturla
Investment Insights
Based on property information with market context.
The property includes a front residence with 3 bedrooms and 1 bathroom, an attached 1-bedroom, 1-bath space with its own entrance, and two separate 1-bedroom, 1-bath units. A detached garage is also on site, with potential for conversion to an ADU. Separate gas meters and low-maintenance yards serve the property.
Street and alley access are available, along with a private driveway entered from the street. The property is approximately 5 minutes from Downtown San Diego, Petco Park, the San Diego Convention Center, Coronado Island, the San Diego Naval Base, and the Gaylord development in Chula Vista. Walk Score is 70, Bike Score is 59, and Transit Score is 51.
Street and alley access are available, along with a private driveway entered from the street. The property is approximately 5 minutes from Downtown San Diego, Petco Park, the San Diego Convention Center, Coronado Island, the San Diego Naval Base, and the Gaylord development in Chula Vista. Walk Score is 70, Bike Score is 59, and Transit Score is 51.
Key Highlights
- Front residence has 3 bedrooms and 1 bathroom
- Attached 1‑bedroom, 1‑bath space has a separate entrance
- Two additional separate units, each with 1 bedroom and 1 bathroom
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
$37,618
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
3.01%
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%
$752,360
$752.4K
Cap Rate 7%
$537,400
$537.4K
Cap Rate 9%
$417,978
$418.0K
Market Conditions
NOI Build-Up for 2,100 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
$56.7K $27.00/SF
− Vacancy
−$3.0K −$1.41/SF
EGI
$53.7K $25.59/SF
− OpEx
−$16.1K −$7.68/SF
NOI
$37.6K $17.91/SF
Area
San Diego, CA
Vacancy
5.22%
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%
$752,360
Cap Rate 7%
$537,400
Cap Rate 9%
$417,978
Alternative Uses
Best Use
Multifamily LT 5
$537.4K
$470.2K – $627.0K
NOI $37,618 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$495.8K
$433.9K – $578.5K
NOI $34,709 @ 7.0% cap · market cap 2.78%
Theoretical Best
Specialty Retail
$829.4K
$725.8K – $967.7K
NOI $58,061 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
995
Businesses Nearby
Explore this area
Business Placement
Demographics for 92113, CA
50,457
Population
14,443
Households
3.5
Avg Household Size
32
Median Age
11%
College-Educated
69%
High-School Grad
4.5 sq mi
ZIP Area
11,213
Density / Sq Mi
$59,177
Median Household Income
$31,099
Median Earnings
$1,608
Median Rent
$559,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Residential income property - A 3-bedroom front residence is complemented by separate 1-bedroom living spaces and a detached garage.
Where is this residential income property located?
The property is located at 3150 54 National Ave San Diego, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Front residence has 3 bedrooms and 1 bathroom; Attached 1‑bedroom, 1‑bath space has a separate entrance; Two additional separate units, each with 1 bedroom and 1 bathroom
