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National Ave 2988-90 National 1,796 SF 100% Leased Retail Building San Diego, CA 92113 $899,000 ($500.56/SF) 7.38% 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: 2988 Commercial unit, rent $1,650/month 2992 Commercial unit, rent $1,650/month 2990 Residential unit, 2 Bed / 1 Bath 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. ** ROI 7.38 %
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$76,800
|
$42.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$76,800
|
$42.76
|
| Taxes |
$8,044
|
$4.48
|
| Operating Expenses |
$2,412
|
$1.34
|
| Total Expenses |
$10,456
|
$5.82
|
| Net Operating Income |
$66,344
|
$36.94
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $76,800 |
| Annual Per SF | $42.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $76,800 |
| Annual Per SF | $42.76 |
| Taxes | |
|---|---|
| Annual | $8,044 |
| Annual Per SF | $4.48 |
| Operating Expenses | |
|---|---|
| Annual | $2,412 |
| Annual Per SF | $1.34 |
| Total Expenses | |
|---|---|
| Annual | $10,456 |
| Annual Per SF | $5.82 |
| Net Operating Income | |
|---|---|
| Annual | $66,344 |
| Annual Per SF | $36.94 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,796 SF
Building Class
C
Year Built/Renovated
1959/2022
Price
$899,000
Price Per SF
$500.56
Cap Rate
7.38%
NOI
$66,346
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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