
1121 6th
National City, CA 91950
Beds
—
Baths
—
Sqft
4,536
Year Built
1973
Days on Market
147
Property Type
Multi-Family
HOA/mo
N/A
MLS ID
NDP2605802
This property is in National City (91950). Browse neighborhood analytics →
About This Property
We're pleased to present 1121 E 6th Street, a 7-unit multifamily investment opportunity located in the heart of National City, one of San Diego County's most dynamic and rapidly evolving rental markets. The property consists of seven apartment units totaling approximately 4,536 square feet situated on a 6,555 square foot lot, featuring a desirable unit mix of (1) three-bedroom/two-bath unit and (6) one-bedroom/one-bath units. Built in 1973, the property offers investors stable in-place income with significant upside through continued rent growth and strategic value-add improvements. The property benefits from separate gas and electric metering, helping minimize landlord utility expenses while providing operational efficiency. Residents enjoy desirable amenities including eight on-site parking spaces, on-site laundry facilities, granite countertops, and dumpster service, enhancing tenant retention and market appeal. The property's straightforward layout and solid construction provide an ideal foundation for future upgrades designed to increase rental income and overall asset performance. Located just minutes from Downtown San Diego, Naval Base San Diego, Chula Vista, and major employment centers throughout the South Bay, the property offers tenants convenient access to shopping, dining, schools, public transportation, and essential services. The property's proximity to Interstate 5, Interstate 805, and State Route 54 provides exceptional regional connectivity, making it an attractive housing option for commuters throughout San Diego County. National City continues to experience substantial public and private investment, driven by multifamily redevelopment, infrastructure improvements, and revitalization efforts throughout the city. With strong rental demand, a central location, operational efficiencies, and measurable rental upside, 1121 E 6th Street presents investors with an opportunity to acquire a well-positioned asset offering both immediate cash flow and long-term appreciation potential. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, and market rental assumptions.
Multifamily · 7 units listed: not priced unit by unit
At lease-comp rents its 7 units would gross 0.95% of the price a month, above the 0.9% ceiling every rent on the site is held to. No rent, cashflow or grade is shown for it.
Location
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Zoned Schools
Elementary
Rancho de la Nacion · grades K-6 · National Elementary
Middle
National City Middle · grades 7-8 · Sweetwater Union High
High
Sweetwater High · grades 9-12 · Sweetwater Union High
The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.
Renovation math
Flagged Light Value-Add from the listing remarks — “value-add”.
- Asking now
- $1.70M
- Worth finished
- $2.55M
- Budget to renovate
- $849,174
$375/sqft
$562/sqft × 4,536 sqft
$187/sqft to spend
Comparable finished homes nearby suggest this is worth $2.55M once it's brought to par — about $849,174 above the asking price. That spread is your renovation budget before the deal stops working.
Rent once renovated
- Rent at par
- $18,050/mo
- Cashflow at that rent
- $842/mo
$3.98/sqft × 4,536 sqft, median of 4 comps
cap rate 7.90%, DSCR 1.55
Buying at asking and achieving par rent, excluding the renovation spend itself. We don't publish a current-condition rent: no listing remark says how much work a home needs, and mid-renovation it earns nothing.
Based on 4 comparable homes of the same property type and size currently listed nearby — asking prices and modelled rents, not closed sales. A contractor's scope, not this page, decides what a renovation actually costs.
Not Priced Unit by Unit
We price a building from what each of its units rents for. This one doesn't have what that needs, so no rent, cashflow or grade is shown.