Log In/Sign Up
Your email has been sent.
Fourteen On N Avenue 915 N Ave 14 Unit Apartment Building $3,195,000 ($228,214/Unit) 4.61% Cap Rate National City, CA 91950
Investment Highlights
- RUBS Billing Recaptures ~90% of Water & Trash (Expandable to Sewage)
- Spacious 1-Bedroom Units – Approx. 600 SF Each
- 15 Off-Street Parking Spaces
- Located in a High-Demand Rental Market with Below-Market Rents
- Well-Maintained Interiors with Modern Finishes
Executive Summary
We are pleased to exclusively present Fourteen on N Avenue, a 14-unit multifamily property located in National City, CA. Built in 1960 on a 0.2-acre lot, the property consists of all 1-bedroom/1-bathroom units, each approximately 600 square feet. Interiors feature updated flooring, cabinetry, and appliances. Additionally, the site includes 15 off-street parking spaces, a valuable amenity in this dense rental corridor.
The property utilizes a RUBS system to recapture approximately 90% of water and trash expenses, with potential to extend to sewage. Located in a high-demand rental market, the asset’s below-market rents offer a clear opportunity to attract a strong tenant base and increase income through strategic renovations. Its central location and accessibility to major freeways and retail corridors make it an attractive opportunity for investors seeking long-term growth and stable occupancy.
The property utilizes a RUBS system to recapture approximately 90% of water and trash expenses, with potential to extend to sewage. Located in a high-demand rental market, the asset’s below-market rents offer a clear opportunity to attract a strong tenant base and increase income through strategic renovations. Its central location and accessibility to major freeways and retail corridors make it an attractive opportunity for investors seeking long-term growth and stable occupancy.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,195,000 | Building Class | C |
| Price Per Unit | $228,214 | Lot Size | 0.20 AC |
| Sale Type | Investment | Building Size | 8,400 SF |
| Cap Rate | 4.61% | Average Occupancy | 100% |
| Gross Rent Multiplier | 13.18 | No. Stories | 2 |
| No. Units | 14 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.67/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM-3 - Multi-Family 5-15 units | ||
| Price | $3,195,000 |
| Price Per Unit | $228,214 |
| Sale Type | Investment |
| Cap Rate | 4.61% |
| Gross Rent Multiplier | 13.18 |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 8,400 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.67/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM-3 - Multi-Family 5-15 units |
Amenities
- Smoke Detector
Unit Amenities
- Microwave
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Double Pane Windows
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 550 |
1 1
Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 557-180-34 | Total Assessment | $3,003,747 (2025) |
| Land Assessment | $1,948,377 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,055,370 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
557-180-34
Land Assessment
$1,948,377 (2025)
Improvements Assessment
$1,055,370 (2025)
Total Assessment
$3,003,747 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Fourteen On N Avenue | 915 N 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.