1313 9th Street
1 / 10

National City, CA 91950

$1,050,000

Pass at asking: -$2,807/mo full cashflow at 20% down, 7.43% rate.

Works at $684,494 (35% under asking), or at 59% down.

Rent $6,828/mo: 4 × 1-bed units, each priced from up to 16 closed leases within 1 mi ($6,244–$7,316).

Beds

—

Baths

—

Sqft

1,600

Year Built

1962

Days on Market

145

Property Type

Multi-Family

HOA/mo

N/A

MLS ID

NDP2605888

This property is in National City (91950). Browse neighborhood analytics →

About This Property

We're pleased to present East 9th Street Apartments, a 4-unit multifamily investment opportunity located at 1313-1319 E 9th Street in National City, California. The property consists of four one-bedroom/one-bath units totaling approximately 1,600 square feet and is situated on an approximately 10,771 square foot lot. Built in 1962, the asset offers investors stable in-place income, strong rental demand, and future upside in one of San Diego County's most active multifamily submarkets. The property benefits from separate gas and electric metering, reducing operating expenses and improving management efficiency. Residents enjoy the convenience of 5+ on-site parking spaces, while ownership currently provides water and trash service. The property's straightforward unit mix, efficient layout, and large land component create an attractive investment opportunity with both operational stability and long-term appreciation potential. Ideally located in the heart of National City, the property is within walking distance of Plaza Boulevard, offering tenants convenient access to grocery stores, restaurants, coffee shops, banking services, and daily necessities. The asset is strategically positioned near Interstate 5, Interstate 805, State Route 54, Downtown San Diego, Naval Base San Diego, and the National City waterfront, providing excellent connectivity to major employment centers throughout the region. National City continues to attract investors and residents alike due to its affordability relative to the broader San Diego market, ongoing redevelopment initiatives, and strong workforce housing demand. With approximately 14% projected rental upside, ample parking, utility efficiencies, and a highly desirable South Bay location, East 9th Street Apartments presents a compelling opportunity for investors seeking both current income and future growth potential. Buyer to verify all property information, including but not limited to square footage, lot size, parking count, utility metering, condominium provisions, title matters, deed restrictions, financial information, market rental assumptions, and all development or ownership-related considerations. Buyer should review all preliminary title reports and conduct independent due diligence.

Small multifamily · 4 units

Valued on income: each unit priced from closed leases nearby, then added up. County records: 4 units.

UnitUnitsRent eachSubtotal
1-bed~400 sqft · 16 leases within 1 mi4$1,707$6,828
Gross rent, all units$6,828/mo
Gross rent multiplier
12.8

Price ÷ a year's gross rent

Price per unit
$262,500

Median $525,000 across 96 listed 2–4 unit buildings in San Diego County

NOI (a year)
$40,416

Default vacancy, management, upkeep, tax, insurance

Cap rate
3.85%

Its grade compares it with other multifamily listings only: a building valued on income isn't ranked against houses and condos.

House hack with FHA

Live in the 1-bed unit, rent the other 3.

FHA likely won't lend on this one at this price. For 3 and 4 units it counts 75% of all the units' rent ($5,121/mo), and that has to cover the full payment ($8,974/mo). The numbers below are for reference.

Down payment
$36,750

3.5% · plus closing costs

Your cost to live there
$5,905/mo

After $5,121/mo from the other units

More than renting it
$4,198/mo

vs $1,707/mo to rent the same unit

How this is figured
  • Loan $1,030,982 ($1,013,250 + 1.75% upfront mortgage insurance) at 7.18% (Freddie Mac 30-year average, week of Nov 5, 2026), 30 years: $6,984/mo
  • FHA mortgage insurance $633/mo · property tax $1,050/mo · insurance $306/mo
  • Vacancy, management and capex on the rented units, upkeep on the building: $2,053/mo
  • FHA allows 3.5% down on 2–4 units when you live in one, up to HUD's 2026 San Diego County limit for 4 units ($2,123,100). Lenders count only part of the other units' rent toward qualifying.

Compare other buildings on the small multifamily page.

Mortgage Calculator

Est. Monthly Payment

$7,189

Principal & Interest$5,833
Property Tax$1,050
Insurance$306
%($210,000)
%
Loan Term

Location

Loading map...

Zoned Schools

  • Elementary

    Las Palmas · 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.

Comparable Properties

2 comps found

This Property

$6,828

vs

Comp Average

$8,712

Comps based on same zip code, similar beds (±1), price range (60-150%).

This is a 4-unit building: on the mid-term and short-term tabs, enter the rent, nightly rate and occupancy for all units combined.

Investment Score

57B
Est. Monthly Rent
$6,828

4 × 1-bed units, each priced from up to 16 closed leases within 1 mi · $6,244–$7,316

Monthly Cashflow

Rent − PITIA

-$361
Full Cashflow

Incl. vacancy, PM, maint, capex

-$2,807

What would make this work?

$2,807/mo short at 20% down; 59% down or +$3,645/mo rent closes it.

Break-even price

35% under asking

$684,494
Break-even rent

$3,645/mo above the estimate

$10,473/mo
Cashflow at 35% down
−$1,713/mo
Down payment to break even

$619,500 cash

59%
Rate to break even

at 20% down

1.81%

Mortgage (P+I)
$5,833
Cap Rate
3.85%
Cash-on-Cash
-16.04%
DSCR

Need ≥ 1.25 for DSCR loan

0.95

NOI (Annual)
$40,416
Price-to-Rent

Lower = better for investors

12.8

* Modelled at 20% down, 7.43% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

Open Full Calculator
BCashflow−$2,807/mo