1704 B Avenue
1 / 17

National City, CA 91950

$1,200,000

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 →

Virtual Tour

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.

UnitUnitsRent eachSubtotal
Average unit~454 sqft · 11 leases within 0.5 mi5$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 ÷ a year's gross rent

Price per unit
$240,000

Median $242,857 across 3 listed 5+ unit buildings in 91950

NOI (a year)
$62,634

Default vacancy, management, upkeep, tax, insurance

Cap rate
5.22%

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.

Mortgage Calculator

Est. Monthly Payment

$8,217

Principal & Interest$6,667
Property Tax$1,200
Insurance$350
%($240,000)
%
Loan Term

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 found

This Property

$9,475

vs

Comp Average

$7,388

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

70A
Est. Monthly Rent
$9,475

5 units of about 454 sqft, each priced from up to 11 closed leases within 0.5 mi · $8,910–$9,745

Monthly Cashflow

Rent − PITIA

+$1,258
Full Cashflow

Incl. vacancy, PM, maint, capex

-$1,921

What would make this work?

$1,921/mo short at 20% down; 44% down or +$2,494/mo rent closes it.

Break-even price

21% under asking

$949,923
Break-even rent

$2,494/mo above the estimate

$11,969/mo
Cashflow at 35% down
−$671/mo
Down payment to break even

$528,000 cash

44%
Rate to break even

at 20% down

4.29%

Mortgage (P+I)
$6,667
Cap Rate
5.22%
Cash-on-Cash
-9.60%
DSCR

Need ≥ 1.25 for DSCR loan

1.15

NOI (Annual)
$62,634
Price-to-Rent

Lower = better for investors

10.6

* 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
ACashflow−$1,921/mo