$3,500,000
 $18,789 est/mo Sourced by Back At You

1629 Palm Avenue,National City, CA 91950

National City, CA 91950

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Description

Prime 16-Unit Multifamily Investment Opportunity 1629 Palm Avenue, National City, CA 91950 An exceptional opportunity to acquire a fully occupied, 16-unit residential community situated in a high-demand pocket of San Diego County. This two-story asset features a generous ~26,571 SF lot (~0.61 acres) with 10,616 SF of total living space and an outstanding 2:1 parking ratio with 32 dedicated spaces. Property Highlights & Unit Breakdown Unit Mix: 5 Units: 1 Bedroom / 1 Bathroom, 9 Units: 2 Bedrooms / 1 Bathroom, 2 Units: 2 Bedrooms / 2 Bathrooms. Occupancy: 100% Occupied-providing immediate, steady cash flow from day one. On Site Amenities: On-site laundry facility and ample assigned parking for residents and guests. Building Specs: 2-Story construction | 10,616 SF Building Size | 26,571 SF Lot Size | 32 Parking Spaces. Centrally located in National City, this property offers seamless connectivity to major transit corridors, employment centers, dining, and retail options. Convenient Commute: Quick access to major thoroughfares (I-5, I-805, and SR-54) and just minutes from Naval Base San Diego, Chula Vista, and Downtown San Diego. In-Demand Lifestyle: Walkable or short drive to local shopping, grocery stores, schools, and neighborhood dining. Value-Add Upside: Incoming ownership can leverage the robust San Diego County multifamily market by capitalizing on strong tenant demand, implementing targeted unit renovations, and capturing rental rate growth over time. Property sold in as-is condition.

Details

MLS #IV26214005
Listing TypeFor Sale
StyleCondominium
Sub-TypeResale
StatusActive
Year1977
Days On Site23
Listing Provided ByPopular Real Estate | SHIRLY ALANO

Features

SQ Feet16
Garage32
Story(s)2
Units16
Building(s)2
Acreage0.61

Exterior

Lot FeaturesSixteen To Twenty Units Acre

Parking

Garage Yes / NoYes

Utilities

SewerPrivate Sewer

Location

Community FeaturesSidewalks

Area Information

StateCA
CountySan Diego
CityNational City
Zip Code91950
Area91950 National City
Community NameNational City
Listing VS Median (in National City)
Price:
$3,500,000
low | high
Med:
$599,000
100% of Average
sqft:
16
low | high
Med:
1,272
100% of Average
$ / sqft:
$218,750
low | high
Med:
$471
100% of Average
On site:
23
low | high
Med:
30
76.666666666667% of Average
Sourced by Back At You

Market Activity 91950

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Additional Information

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Contact

Learn More About This Property

Jean Iovino

Jean Iovino

Desert Lifestyle Properties

02007087 (630) 333-7878jeansellsdesertlifestyle@gmail.com
StateCA
CountySan Diego
CityNational City
Zip Code91950
Area91950 National City
Community NameNational City
Listing VS Median (in National City)
Price:
$3,500,000
low | high
Med:
$599,000
100% of Average
sqft:
16
low | high
Med:
1,272
100% of Average
$ / sqft:
$218,750
low | high
Med:
$471
100% of Average
On site:
23
low | high
Med:
30
76.666666666667% of Average
Sourced by Back At You
Listing Updated: October 12, 2026 at 4:22:39 PM PDT