
1704 B Avenue
Atop 10% of multifamilyNational City, CA 91950
Pass at asking: -$1,921/mo full cashflow at 20% down, 7.43% rate.
Works at $949,923 (21% under asking), or at 44% down.
Rent $9,475/mo: 5 units of about 454 sqft, each priced from up to 11 closed leases within 0.5 mi ($8,910–$9,745).
Beds
—
Baths
—
Sqft
2,272
Year Built
1955
Days on Market
147
Property Type
Multi-Family
HOA/mo
N/A
MLS ID
NDP2605805
This property is in National City (91950). Browse neighborhood analytics →
About This Property
We're pleased to present B Avenue Apartments, a 5-unit multifamily investment opportunity located at 1704-1712 B Avenue in National City, California. Situated on an approximately 4,827 square foot lot, the property consists of five apartment units totaling approximately 2,272 square feet and features a desirable unit mix of (4) one-bedroom/one-bath units and (1) studio unit. Built in 1955, the property offers investors stable in-place income, operational efficiency, and the opportunity for continued appreciation in one of San Diego County's most active rental markets. The property benefits from separate gas metering and features several attractive tenant amenities, including private yards, updated interiors, and a desirable residential setting. Ownership has completed renovations to four of the five units, including upgrades featuring wood cabinetry and quartz countertops, providing a modern living environment while minimizing near-term capital expenditures. Water, trash, and certain common-area utilities are currently provided by ownership. Located in the heart of National City, the property offers residents convenient access to major employment centers, shopping, dining, schools, and public transportation. 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 exceptional connectivity throughout San Diego County. The surrounding area continues to benefit from ongoing redevelopment, infrastructure investment, and increasing demand for quality workforce housing. National City remains one of San Diego County's most affordable and investment-oriented submarkets, attracting residents seeking convenient access to employment centers and coastal amenities. With a strong unit mix, renovated interiors, utility efficiencies, and long-term rental demand fundamentals, B Avenue Apartments presents an attractive opportunity for investors seeking both stable cash flow and future upside potential. Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, utility metering, parking availability, permits, financial information, and market rental assumptions.
Multifamily · 5 units
Valued on income: each unit priced from closed leases nearby, then added up. County records: 5 units.
| Unit | Units | Rent each | Subtotal |
|---|---|---|---|
| Average unit~454 sqft · 11 leases within 0.5 mi | 5 | $1,895 | $9,475 |
| Gross rent, all units | $9,475/mo | ||
The listing describes 4 × 1-bed, 1 × studio. Units of different sizes are priced as the average unit: by bed count alone, unit rents ran 17% off in our backtest.
- Gross rent multiplier
- 10.6
- Price per unit
- $240,000
- NOI (a year)
- $62,634
- Cap rate
- 5.22%
Price ÷ a year's gross rent
Median $242,857 across 3 listed 5+ unit buildings in 91950
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.
Five or more units take a commercial loan, whose terms differ from a home loan's; the cashflow below uses the site's default 20% down, 30-year terms. FHA's owner-occupied 3.5% down covers 2–4 units only.
Compare other buildings on the small multifamily page.
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Est. Monthly Payment
$8,217
Location
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Zoned Schools
Elementary
Kimball · 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
$9,475
Comp Average
$7,388
1313 9th Street
1,600 sqft · Multi-Family
$1.05M
Est. $6,828/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 5-unit building: on the mid-term and short-term tabs, enter the rent, nightly rate and occupancy for all units combined.
Investment Score
5 units of about 454 sqft, each priced from up to 11 closed leases within 0.5 mi · $8,910–$9,745
Rent − PITIA
Incl. vacancy, PM, maint, capex
What would make this work?
$1,921/mo short at 20% down; 44% down or +$2,494/mo rent closes it.
- Break-even price
- $949,923
- Break-even rent
- $11,969/mo
- Cashflow at 35% down
- −$671/mo
- Down payment to break even
- 44%
- Rate to break even
- 4.29%
21% under asking
$2,494/mo above the estimate
$528,000 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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