1629 Palm Avenue, National City, CA 91950
1629 Palm Avenue, National City, CA 91950
1629 Palm Avenue, National City, CA 91950
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Margaret DeLao

Margaret DeLao

+1(858) 229-8016
$4,250,000
Est. payment /mo
0.61 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2601110

Lot Size 0.610 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Contact for more information: Eric von Bluecher D 760.929.7846 or evb@lee-associates.com Ivan Del Muro-Garcia D 760.448.2451 or idmg@lee-associates.com --------------------------------------------------------------------------------------------- The property is situated on an approximately 26,571 square foot parcel and is improved with a 10,616 square foot apartment building. The property features a well-balanced 16-unit mix consisting of (2) two-bedroom, two-bathroom units, (9) two-bedroom, one-bathroom units, and (5) one-bedroom, one-bathroom units. The strong concentration of two-bedroom units supports consistent tenant demand, stable occupancy, and durable cash flow from both long-term residents and workforce renters. The property has received select capital improvements, including full window replacement throughout the building and mild interior renovations in select units. The majority of units remain unrenovated, presenting a clear value-add opportunity for a new owner to upgrade interior finishes, modernize unit layouts, and drive rents toward prevailing market levels. According to public records, the property is zoned RM-2, High Density Multi-Unit Residential, which allows for approximately 24 to 48 dwelling units per acre. Based on the site size, the zoning supports a theoretical density range of approximately 15 to 29 units, subject to city approvals, development standards, and design constraints. The existing improvements represent efficient land utilization under current zoning, offering both stable in-place income and longer-term redevelopment optionality. Pro

Location

State CA

County San Diego

Direction Contact Listing Agents

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5611312000

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MLS Router / San Diego MLS
Listed by Eric von Bluecher, DRE#01926201 Lee & Associates 

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Margaret DeLao

Margaret DeLao

+1(858) 229-8016

Realtor | License ID: 01377428

Realtor License ID: 01377428

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