1809 17th St National City, CA 91950-5033

This exceptional 20-unit apartment building presents a compelling value-add investment opportunity in the desirable National City, California market. Located at 1809 E 17th St, 91950, this two-story, 1974-built property offers significant upside potential. Currently generating a Net Operating Income (NOI) of $176,232, resulting in a 3.15% capitalization rate, pro forma projections indicate a substantial increase to $379,281 NOI and a 6.77% cap rate. The property boasts a mix of one and two-bedroom units, each currently priced at $280,000. Situated just two miles from San Diego Bay and a block from the 805 freeway, this location offers convenient access to major transportation arteries and desirable amenities. The strong tenant base and high demand in the area contribute to the property's long-term stability and growth prospects. This is a rare chance to acquire a well-positioned multifamily asset with considerable potential for increased profitability through strategic improvements and property management enhancements. The asking price for this prime investment is $5,600,000. Don't miss this opportunity to capitalize on the thriving San Diego County real estate market.