5-Unit Multifamily Investment Opportunity 1704-1712 B Ave 5 Unit Apartment Building $1,600,000 ($320,000/Unit) 3.48% Cap Rate National City, CA 91950

Lee & Associates Multifamily Group - North San Diego County is 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.
Property Highlights
• 5-Unit Multifamily Investment Opportunity
• Unit Mix: (4) 1 Bed / 1 Bath & (1) Studio
• ±2,272 SF Building Area
• ±4,827 SF Lot
• Built in 1955
• 4 of 5 Units Remodeled
• Wood Cabinetry & Quartz Countertops
• Individually Metered for Gas
• Private Yards
• Street Parking
• Stable In-Place Income
• Strong National City Rental Market Fundamentals
• Convenient Access to I-5, I-805 & SR-54
• Minutes from Downtown San Diego, Naval Base San Diego & the National City Waterfront
• Offered Exclusively by Lee & Associates Multifamily Group - North San Diego County
Offering Guidelines
All offers will be presented to ownership as received.
Ownership has indicated a preference for a closing on or before December 31, 2026.
Buyers are encouraged to submit their highest and best pricing and terms.
Seller reserves the right to accept, reject, or negotiate any offer at its sole discretion.
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