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1121 E 6th St
National City, CA 91950
1121 E 6th Street | 7-Unit Value-Add · Multifamily Property For Sale
·
7 Units
Investment Highlights
- Unit Mix: (1) 3 Bed / 2 Bath & (6) 1 Bed / 1 Bath
- 8 On-Site Parking Spaces
- Strong In-Place Income with Rental Upside
- Separately Metered for Gas & Electric
- On-Site Laundry Facilities
Executive Summary
Lee & Associates Multifamily Group - North San Diego County is pleased to present 1121 E 6th Street, a 7-unit multifamily investment opportunity located in the heart of National City, one of San Diego County's most dynamic and rapidly evolving rental markets. The property consists of seven apartment units totaling approximately 4,536 square feet situated on a 6,555 square foot lot, featuring a desirable unit mix of (1) three-bedroom/two-bath unit and (6) one-bedroom/one-bath units. Built in 1973, the property offers investors stable in-place income with significant upside through continued rent growth and strategic value-add improvements.
The property benefits from separate gas and electric metering, helping minimize landlord utility expenses while providing operational efficiency. Residents enjoy desirable amenities including eight on-site parking spaces, on-site laundry facilities, granite countertops, and dumpster service, enhancing tenant retention and market appeal. The property's straightforward layout and solid construction provide an ideal foundation for future upgrades designed to increase rental income and overall asset performance.
Located just minutes from Downtown San Diego, Naval Base San Diego, Chula Vista, and major employment centers throughout the South Bay, the property offers tenants convenient access to shopping, dining, schools, public transportation, and essential services. The property's proximity to Interstate 5, Interstate 805, and State Route 54 provides exceptional regional connectivity, making it an attractive housing option for commuters throughout San Diego County.
National City continues to experience substantial public and private investment, driven by multifamily redevelopment, infrastructure improvements, and revitalization efforts throughout the city. With strong rental demand, a central location, operational efficiencies, and measurable rental upside, 1121 E 6th Street presents investors with an opportunity to acquire a well-positioned asset offering both immediate cash flow and long-term appreciation potential.
Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, and market rental assumptions.
Property Highlights
7-Unit Multifamily Investment Opportunity
Unit Mix: (1) 3 Bed / 2 Bath & (6) 1 Bed / 1 Bath
±4,536 SF Building Area
±6,555 SF Lot
Built in 1973
Separately Metered for Gas & Electric
8 On-Site Parking Spaces
On-Site Laundry Facilities
Granite Countertops
Strong In-Place Income with Rental Upside
Convenient Access to I-5, I-805 & SR-54
Minutes from Downtown San Diego, Naval Base San Diego & Chula Vista
Located in a High-Demand South Bay Rental Market
Offered Exclusively by Lee & Associates Multifamily Group - North San Diego County
For More Information Contact
Eric von Bluecher | D 760.929.7846 | evb@lee-associates.com
Ivan Del Muro-Garcia | D 760.448.2451 | idmg@lee-associates.com
Lee & Associates Multifamily Group - North San Diego County
The property benefits from separate gas and electric metering, helping minimize landlord utility expenses while providing operational efficiency. Residents enjoy desirable amenities including eight on-site parking spaces, on-site laundry facilities, granite countertops, and dumpster service, enhancing tenant retention and market appeal. The property's straightforward layout and solid construction provide an ideal foundation for future upgrades designed to increase rental income and overall asset performance.
Located just minutes from Downtown San Diego, Naval Base San Diego, Chula Vista, and major employment centers throughout the South Bay, the property offers tenants convenient access to shopping, dining, schools, public transportation, and essential services. The property's proximity to Interstate 5, Interstate 805, and State Route 54 provides exceptional regional connectivity, making it an attractive housing option for commuters throughout San Diego County.
National City continues to experience substantial public and private investment, driven by multifamily redevelopment, infrastructure improvements, and revitalization efforts throughout the city. With strong rental demand, a central location, operational efficiencies, and measurable rental upside, 1121 E 6th Street presents investors with an opportunity to acquire a well-positioned asset offering both immediate cash flow and long-term appreciation potential.
Buyer to verify all property information, including but not limited to square footage, lot size, unit count, unit mix, parking configuration, utility metering, permits, financial information, and market rental assumptions.
Property Highlights
7-Unit Multifamily Investment Opportunity
Unit Mix: (1) 3 Bed / 2 Bath & (6) 1 Bed / 1 Bath
±4,536 SF Building Area
±6,555 SF Lot
Built in 1973
Separately Metered for Gas & Electric
8 On-Site Parking Spaces
On-Site Laundry Facilities
Granite Countertops
Strong In-Place Income with Rental Upside
Convenient Access to I-5, I-805 & SR-54
Minutes from Downtown San Diego, Naval Base San Diego & Chula Vista
Located in a High-Demand South Bay Rental Market
Offered Exclusively by Lee & Associates Multifamily Group - North San Diego County
For More Information Contact
Eric von Bluecher | D 760.929.7846 | evb@lee-associates.com
Ivan Del Muro-Garcia | D 760.448.2451 | idmg@lee-associates.com
Lee & Associates Multifamily Group - North San Diego County
Property Facts
| Price Per Unit | $328,571 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.48% | Lot Size | 0.15 AC |
| Gross Rent Multiplier | 16.91 | Building Size | 4,536 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1973 |
| Property Subtype | Apartment | Parking Ratio | 1.14/1,000 SF |
| Zoning | RS3, National City - Buyer to verify | ||
| Price Per Unit | $328,571 |
| Sale Type | Investment |
| Cap Rate | 3.48% |
| Gross Rent Multiplier | 16.91 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 4,536 SF |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | RS3, National City - Buyer to verify |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 3+2 | 1 | - | - |
Property Taxes
| Parcel Number | 556-314-23 | Improvements Assessment | $838,884 |
| Land Assessment | $676,520 | Total Assessment | $1,515,404 |
Property Taxes
Parcel Number
556-314-23
Land Assessment
$676,520
Improvements Assessment
$838,884
Total Assessment
$1,515,404
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