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16th St Apartments - Value Add Opportunity 1426-1434 E 16th St 5 Unit Apartment Building $1,150,000 ($230,000/Unit) 7.08% Cap Rate National City, CA 91950
Investment Highlights
- Value Add Opportunity
- 1 Vacant and Demolished - 2 Units Expected to become Available
- Large 10,075 Sq. Ft Lot w/ ADU Potential
- Upside in Rents
Executive Summary
1426 E 16th Street presents a unique opportunity to acquire a 5-unit multifamily property in National City, offering value-add potential and future development upside.
The property consists of five (5) one-bedroom / one-bath units situated on a large 10,075 square foot RS-2 zoned lot. Investors have the ability to renovate interiors and increase rents, capturing upside through a repositioning strategy.
Additionally, the expansive lot and zoning provide potential for future development or expansion, allowing for multiple exit strategies (buyer to verify).
Conveniently located near Interstate 5, Downtown San Diego, and major retail corridors, the property benefits from strong rental demand, limited supply, and continued growth in the surrounding area.
The property consists of five (5) one-bedroom / one-bath units situated on a large 10,075 square foot RS-2 zoned lot. Investors have the ability to renovate interiors and increase rents, capturing upside through a repositioning strategy.
Additionally, the expansive lot and zoning provide potential for future development or expansion, allowing for multiple exit strategies (buyer to verify).
Conveniently located near Interstate 5, Downtown San Diego, and major retail corridors, the property benefits from strong rental demand, limited supply, and continued growth in the surrounding area.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,150,000 | Apartment Style | Low-Rise |
| Price Per Unit | $230,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 7.08% | Building Size | 2,200 SF |
| Gross Rent Multiplier | 9.83 | No. Stories | 1 |
| No. Units | 5 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 2.27/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RS-2 | ||
| Price | $1,150,000 |
| Price Per Unit | $230,000 |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| Gross Rent Multiplier | 9.83 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 2,200 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 2.27/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RS-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $900.00 | 440 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 561-110-21 | Improvements Assessment | $285,624 (2025) |
| Land Assessment | $372,914 (2025) | Total Assessment | $658,538 (2025) |
Property Taxes
Parcel Number
561-110-21
Land Assessment
$372,914 (2025)
Improvements Assessment
$285,624 (2025)
Total Assessment
$658,538 (2025)
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16th St Apartments - Value Add Opportunity | 1426-1434 E 16th St
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