
1313 9th Street
Btop 30% of multifamilyNational City, CA 91950
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.
| Unit | Units | Rent each | Subtotal |
|---|---|---|---|
| 1-bed~400 sqft · 16 leases within 1 mi | 4 | $1,707 | $6,828 |
| Gross rent, all units | $6,828/mo | ||
- Gross rent multiplier
- 12.8
- Price per unit
- $262,500
- NOI (a year)
- $40,416
- Cap rate
- 3.85%
Price ÷ a year's gross rent
Median $525,000 across 96 listed 2–4 unit buildings in San Diego County
Default vacancy, management, upkeep, tax, insurance
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
- Your cost to live there
- $5,905/mo
- More than renting it
- $4,198/mo
3.5% · plus closing costs
After $5,121/mo from the other units
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
Location
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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 foundThis Property
$6,828
Comp Average
$8,712
1704 B Avenue
2,272 sqft · Multi-Family
$1.20M
Est. $9,475/mo
2774 Vista Way
2,098 sqft · Multi-Family
$1.25M
Est. $7,948/mo
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
4 × 1-bed units, each priced from up to 16 closed leases within 1 mi · $6,244–$7,316
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$2,807/mo short at 20% down; 59% down or +$3,645/mo rent closes it.
- Break-even price
- $684,494
- Break-even rent
- $10,473/mo
- Cashflow at 35% down
- −$1,713/mo
- Down payment to break even
- 59%
- Rate to break even
- 1.81%
35% under asking
$3,645/mo above the estimate
$619,500 cash
at 20% down
Need ≥ 1.25 for DSCR loan
Lower = better for investors
* 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.
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