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National Ave 2988-90 National 1,796 SF 100% Leased Retail Building San Diego, CA 92113 $949,000 ($528.40/SF) 7.16% Cap Rate
EXECUTIVE SUMMARY
Beautifully Maintained Mixed-Use Investment Near Downtown San Diego! Prime opportunity to own a high-demand mixed-use property just minutes from Downtown San Diego. ** Rental Income: Unit # 1 Commercial space, projected rent $2,000/month Unit # 2 Commercial unit, rent $1,650/month Unit # 3 2 Bed / 1 Bath residential unit, rent $3,100/month, includes two private parking spaces. ** New drainage from street to property Upgraded electrical in commercial units One electric meter for both commercial spaces and a separate meter for the residential unit Single shared water meter ** Located near major freeways, public transportation, dining, and employment hubs — offering strong income potential for both owner-users and investors. **Benefit from low property taxes and proximity to San Diego’s thriving urban core, making this a smart addition to any portfolio.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$81,000
|
$45.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,000
|
$45.10
|
| Taxes |
$8,044
|
$4.48
|
| Operating Expenses |
$5,000
|
$2.78
|
| Total Expenses |
$13,044
|
$7.26
|
| Net Operating Income |
$67,956
|
$37.84
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $81,000 |
| Annual Per SF | $45.10 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $81,000 |
| Annual Per SF | $45.10 |
| Taxes | |
|---|---|
| Annual | $8,044 |
| Annual Per SF | $4.48 |
| Operating Expenses | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $2.78 |
| Total Expenses | |
|---|---|
| Annual | $13,044 |
| Annual Per SF | $7.26 |
| Net Operating Income | |
|---|---|
| Annual | $67,956 |
| Annual Per SF | $37.84 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,796 SF
Building Class
C
Year Built/Renovated
1959/2022
Price
$949,000
Price Per SF
$528.40
Cap Rate
7.16%
NOI
$67,956
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
CC-3-6 - MIX USE ZONING
Frontage
25’ on NATIONAL AVE
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- TNT
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| TNT | - | - | - | - |
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 550-022-17 | Total Assessment | $634,644 (2025) |
| Land Assessment | $426,564 (2025) | Annual Taxes | $8,044 ($4.48/SF) |
| Improvements Assessment | $208,080 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
550-022-17
Land Assessment
$426,564 (2025)
Improvements Assessment
$208,080 (2025)
Total Assessment
$634,644 (2025)
Annual Taxes
$8,044 ($4.48/SF)
Tax Year
2024
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