Log In/Sign Up
Your email has been sent.
2186-2190 National Ave 7 Unit Apartment Building $2,300,000 ($328,571/Unit) 4.15% Cap Rate San Diego, CA 92113
Investment Highlights
- Prime Redevelopment Corridor Key infill site on National Avenue
- Multi-Parcel Assemblage ±13,728 SF across multiple parcels
- Covered Land Play with In-Place Income
- Zoning Powerhouse CC-3-6 + BLPD-A with major overlays
- Three detached cottage-style residential units, a single-family residence, a two-unit retail building, and a commercial kitchen facility
- Strong Value-Add Upside
Executive Summary
186–2190 & 2194 National Avenue presents a covered land, mixed-use investment opportunity in the heart of Barrio Logan. The ±13,728 SF site spans multiple parcels and is governed by the Barrio Logan Planned District with CC-3-6 zoning, benefiting from strong incentive overlays including Complete Communities, Coastal Zone, TPA, SDA, and the Promise Zone, which support increased density and reduced parking requirements. The property is currently improved with three cottage residential units, a single-family residence, a two-unit retail building, and a commercial kitchen, providing in-place income and immediate functionality. Investors may pursue a near-term value-add strategy through renovation and repositioning of the existing improvements to increase cash flow, or view the asset as a longer-term mixed-use redevelopment opportunity. The existing income allows the property to function as a covered land play, offering flexibility, downside protection, and multiple execution paths in one of San Diego’s most dynamic urban submarkets.
Property Facts
| Price | $2,300,000 | Apartment Style | Garden |
| Price Per Unit | $328,571 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 4.15% | Building Size | 6,742 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1946 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | RM-2-5, CC-3-6 - CCHS, QOZ, TPA,CC-3-6 | ||
| Price | $2,300,000 |
| Price Per Unit | $328,571 |
| Sale Type | Investment |
| Cap Rate | 4.15% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 6,742 SF |
| No. Stories | 2 |
| Year Built | 1946 |
| Opportunity Zone |
Yes |
| Zoning | RM-2-5, CC-3-6 - CCHS, QOZ, TPA,CC-3-6 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | 528 |
| 2+1 | 1 | - | 616 |
| 3+2 | 1 | - | 1,300 |
| Studios | 3 | - | 770 - 2,230 |
Walk Score®
Walker's Paradise (90)
Property Taxes
| Parcel Numbers | Improvements Assessment | $753,455 | |
| Land Assessment | $1,061,208 | Total Assessment | $1,814,663 |
Property Taxes
Parcel Numbers
Land Assessment
$1,061,208
Improvements Assessment
$753,455
Total Assessment
$1,814,663
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
2186-2190 National Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.