1722 National Ave, Unit 24 San Diego, CA 92113-1011
- Apartment buildings
- 3,123 SF
- 0.16 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 1722 National Ave
- Lot size
- 0.16 lot acres
- Property size
- 3,123 SF
- Zone code
- INDUSTRIAL (M ZONE)
- Property type
- Apartment buildings
- APN
- 538-050-03-00
- APU
- 5380500300
Description
This exceptional redevelopment opportunity presents a 5-unit apartment building situated on a substantial 14,062 square foot lot in San Diego's vibrant Barrio Logan neighborhood. The property, located at 1722-1728 National Avenue, boasts a total of 4,051 square feet of building space, spread across two, two-story buildings. Currently configured as five individual units, the property offers significant upside potential. The asking price is $2,100,000, translating to $518.39 per square foot and $420,000 per unit. The land itself is valued at $199 per square foot. The property is zoned RM-3-7, permitting a higher density development than currently exists. This presents a unique chance to capitalize on below-market rents and the property's prime location, just blocks from Petco Park and the thriving Logan Heights arts district. The property is offered fee simple absolute, with no ground lease. This is a rare chance to acquire a multifamily property in a high-growth area with significant redevelopment potential. The existing structure provides immediate cash flow while allowing for future expansion and increased profitability. The property's APN is 538-050-03-00. This is a truly unique opportunity for an investor seeking a high-return, value-add project in a desirable San Diego location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $295,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $315,000
- 6.5%
- $300,000
- 7%
- $340,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $290,000
- Geo Method
- $370,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $385,000
- Retail
- $295,000
- Mixed-Use
- $380,000
- Hospitality
- $295,000
- Educational
- $300,000
- Residential Income
- $295,000
- Energy
- $350,000
- Income-Based Land
- $295,000
- Food Service
- $385,000
Location Insight
- Map
- Local Demand
- City
- San Diego
- County
- San Diego
- State
- California
- Longitude
- -117.148
- Latitude
- 32.7029
- CBSA code
- 41740
- CBSA name
- SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
