Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Building size

1,908 sqft

Lot size

6,151 sqft

Year built

1945

Stories

2

Garage spaces

0

Pool

None

Status

Active

Days on market

68

MLS #

245577300

About this property

Four-unit mixed-use asset on Highland Avenue, one of National City's designated mixed-use commercial corridors. The property is recorded as 3 units on title and currently operates as 4, combining two residential units at the rear of the parcel, a 2 bedroom, 1 bath home and a 1 bedroom, 1 bath unit, with two ground floor commercial suites fronting Highland Avenue, a retail salon and an office. Two of the four operating units offer immediate leasing opportunity, alongside meaningful upside as the remaining units are brought to market. A full video and photography marketing package, including additional photos, rent roll detail, and property information, is available for interested buyers. Contact Ivan Del Muro-Garcia at 619.623.2132 or idmg@lee-associates.com for offering details, or to see what else is currently available in San Diego multifamily. Zoned MXC-2, Major Mixed-Use Corridor, the property permits single-family, multifamily, and mixed residential/commercial development by right, supports up to 75 dwelling units per acre, and allows buildings as tall as 65 feet, subject to the City's approval process. Buyer to independently verify all information including square footage, zoning, year built, and development potential.

Location

45 Highland Avenue

National City, San Diego, CA, 91950