Laurel Garden Apartments 335 Laurel Ave 16 Unit Apartment Building $4,250,000 ($265,625/Unit) National City, CA 91950

Lee & Associates San Diego Multifamily Group is proud to present the Laurel Garden Apartments located at 335 Laurel Avenue, a 15-unit multifamily property with one additional nonconforming studio unit located in National City, California. Built in 1973, the property consists of a well-balanced unit mix featuring eight (8) two-bedroom, one-and-a-half-bathroom units, seven (7) one-bedroom, one-bathroom units, and one studio unit (nonconforming).
The property is situated on a 21,265 square foot lot and has undergone select capital improvements, including upgraded windows throughout and perimeter gating, while interior units remain lightly renovated. This provides a clear value-add opportunity for a new owner to implement interior upgrades and drive rental growth.
The asset features gated access and on-site parking, enhancing security and tenant convenience. Zoned RS-2 (Residential Single-Family), the existing multifamily improvements represent a legal nonconforming use, resulting in density that significantly exceeds current by-right zoning. The property is well located in the South Bay submarket with convenient access to Interstate 5, nearby retail and dining amenities, and major employment centers throughout San Diego County.
Please contact listing agents for more information.