
1340 8th Street
Ctop 80%National City, CA 91950
Pass at asking: -$3,292/mo full cashflow at 20% down, 7.43% rate.
Works at $296,308 (59% under asking), or at 86% down.
Rent $2,955/mo from 8 leases of 2-bed houses within 2 mi ($2,808–$3,196).
Beds
2
Baths
1
Sqft
1,072
Year Built
1946
Days on Market
96
Property Type
Single Family
HOA/mo
N/A
MLS ID
NDP2607428
This property is in National City (91950). Browse neighborhood analytics →
About This Property
Tenant-occupied single-family home on a corner lot in National City, offering in-place income today with room to grow. The 8,891 SF lot is well above average for the submarket, and the property includes a detached garage, giving a buyer flexibility beyond the main residence. Current rent of approximately $1,760/month sits below the estimated $2,400/month market rent, providing built-in upside for a new owner from day one. Zoned MXC-2, Major Mixed-Use Corridor, the property permits single-family, multifamily, and mixed residential/commercial development by right, supports up to 75 dwelling units per acre, and allows buildings as tall as 65 feet, subject to the City's approval process. The corner lot position and oversized parcel add further flexibility for a future value-add or redevelopment play, appealing to investors, developers, and owner-users alike. Located minutes from I-5, I-805, and the 8th Street Trolley Station, in a corridor currently benefiting from active public infrastructure investment. A full video and photography marketing package, including additional photos and property information, is available for interested buyers. Contact Ivan Del Muro-Garcia at 619.623.2132 or idmg@lee-associates.com for offering details, or to see what else is currently available in San Diego multifamily. Buyer to independently verify all information including square footage, lot size, zoning, year built, income, and development potential.
Mortgage Calculator
Est. Monthly Payment
$4,964
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.
Renovation math
Flagged Light Value-Add from the listing remarks — “value-add”.
- Asking now
- $725K
- Worth finished
- $732K
- Budget to renovate
- $6,757
$676/sqft
$683/sqft × 1,072 sqft
$6/sqft to spend
Comparable finished homes nearby suggest this is worth $732K once it's brought to par — about $6,757 above the asking price. That spread is your renovation budget before the deal stops working.
Rent once renovated
- Rent at par
- $3,455/mo
- Cashflow at that rent
- −$2,907/mo
$3.22/sqft × 1,072 sqft, median of 5 comps
cap rate 2.14%, DSCR 0.70
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 5 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.
Comparable Properties
5 comps foundThis Property
$2,955
Comp Average
$3,263
527 K Ave.
3bd / 2ba · 1,028 sqft · Single Family
$649K
Est. $3,424/mo

2125 B Avenue
2bd / 1ba · 948 sqft · Single Family
$599K
Est. $3,055/mo
1418 17th Street
2bd / 1ba · 990 sqft · Single Family
$700K
Est. $3,290/mo
1345 I Ave
2bd / 1ba · 1,150 sqft · Single Family
$785K
Est. $3,214/mo
705 Harbison Avenue
2bd / 2ba · 1,200 sqft · Single Family
$885K
Est. $3,331/mo
Comps based on same zip code, similar beds (±1), price range (60-150%).
Investment Score
8 leases of 2-bed houses within 2 mi · $2,808–$3,196
Blended 50/50 with a property-level estimate
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$3,292/mo short at 20% down; 86% down or +$4,276/mo rent closes it.
- Break-even price
- $296,308
- Break-even rent
- $7,231/mo
- Cashflow at 35% down
- −$2,537/mo
- Down payment to break even
- 86%
- Rate to break even
- Not reachable
59% under asking
$4,276/mo above the estimate
$623,500 cash
Negative even at a 0% loan
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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