Zoned Commercial Triplex with
45-2641 E 18th St National City, CA 91950
45-2641 E 18th St, National City, CA, 91950
$899,999
Pending
For Sale
$899,999
Pending
Three residential units on one lot, including detached 2-bed with basement plus two 1-bed units.
Property Size1,980 SF
Days on Market50
Property Features for 45-2641 E 18th St
General Information
- Standard status
- Pending
- Size
- 1,980 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1924
Listing agency
(619) 520-9054
Listed by
Francia Castro
(619) 520-9054
Source
Elliman
Added: Jun 3 Updated: Jul 22 at 10:10AM Checked: Jul 22 at 10:10AM
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 Francia Castro
Investment Insights
Based on property information with market context.
This for-sale triplex offers three residential units on a single lot, with two storage sheds included. Unit 1 is a standalone detached home with 2 bedrooms and 1 bathroom, plus a basement (approximately 800 sf). Unit 2 is a 1-bedroom, 1-bath unit (approximately 500 sf). Unit 3 is a 1-bedroom, 1-bath unit (approximately 680 sf). The buyer should verify all building, zoning, and usage potential. Property is shown by appointment only.
Zoned commercial, the site also presents redevelopment options subject to approval. Developers could build up to 38,000 sf of mixed-use, or up to 19,000 sf residential-only, and the allowable development could reach up to 4 stories or 50 ft in height. The remarks also note the possibility of adding 3 additional units under SB1211 based on existing 3 units, with the buyer to verify eligibility and requirements.
Zoned commercial, the site also presents redevelopment options subject to approval. Developers could build up to 38,000 sf of mixed-use, or up to 19,000 sf residential-only, and the allowable development could reach up to 4 stories or 50 ft in height. The remarks also note the possibility of adding 3 additional units under SB1211 based on existing 3 units, with the buyer to verify eligibility and requirements.
Key Highlights
- Three residential units on one lot (year built 1924), with opportunity to live in one and rent the others
- Front Unit 1: standalone detached 2 bed/1 bath home with basement, approx 800 SF
- Unit 2: 1 bed/1 bath, approx 500 SF; Unit 3: 1 bed/1 bath, approx 680 SF
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.5k | $27.00 |
| − Vacancy | −$2.8k | −$1.40 |
| EGI | $50.7k | $25.60 |
| − OpEx | −$15.2k | −$7.68 |
| NOI | $35.5k | $17.92 |
1,980 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$506.8K
$443.5K – $591.3K
NOI $35,476 @ 7.0% cap · market cap 3.94%
Second Best
Apartment 5plus
$470.0K
$411.2K – $548.3K
NOI $32,899 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$907.2K
$793.8K – $1.06M
NOI $63,502 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Three residential units on one lot, including detached 2-bed with basement plus two 1-bed units.
Where is this triplex located?
The property is located at 45-2641 E 18th St National City, CA.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Three residential units on one lot (year built 1924), with opportunity to live in one and rent the others; Front Unit 1: standalone detached 2 bed/1 bath home with basement, approx 800 SF; Unit 2: 1 bed/1 bath, approx 500 SF; Unit 3: 1 bed/1 bath, approx 680 SF
