Mixed-Use

2752-56 E 18TH ST

2752 E 18th St, National City, CA 91950

Listing Price: $3,200,000

Cap Rate
4.21%
Number of Units
10
Price/Unit
$320,000
Price/Gross SF
$421.05
Gross SF
7,600

Investment Overview

The Trujillo Group of Marcus & Millichap is pleased to present for sale a rare 10-unit mixed use property with significant rental upside located in the promising city of National City. Constructed in 2020, this unique property is positioned on an 11,367 SF lot and is made up of 7,600 RSF.

The multifamily component of this building is comprised of six two-bedroom/one-bathroom units. All apartment units feature granite counter tops, stainless steel appliances, laundry/fridge hook ups, and off-street parking. Off-street parking provides residents with 12 parking spaces. Select apartments also provide residents with private outdoor balconies. The retail/ office spaces of this property are conveniently located on the corner of E 18th Street and Granger Avenue providing tenants with an influx of traffic volume. With approximately 120,107 people within a 2-mile radius, these retail spaces are desirable for any business looking for an ideal location to operate out of. Tenants of these spaces are also provided with off street parking as well.

2752-56 E 18th Street offers investors a supreme location for a newly built property with schools, strong retail tenants, and new developments all being located within a 2-mile radius. Residents are within a short walking distance (< 1 Mile) to Palmer Way Elementary School and Granger Junior High School. Retail tenants such as Starbucks, Walgreens, and Walmart are located around the corner from the subject property boasting the citys strong demographics.

National City is poised to take a major leap forward in becoming the next great urban neighborhood. With its small-town vibe, local character, existing services, and proximity to both the Navy H.Q. and the heart of San Diegos downtown, National City has an opportunity to develop its own uniquely vibrant urban center. Being in the heart of National City, this asset provides investors with a vehicle to ride the gentrification of an up and coming city.

Investment Highlights

  • 2020 New Construction
  • Mixed Use - Multifamily & Retail
  • 100% Occupied
  • Future Upside in Rents
  • Off-Street Parking

Exclusively Listed By

Financing By

Listing Price: $3,200,000

Cap Rate
4.21%
Number of Units
10
Price/Unit
$320,000
Price/Gross SF
$421.05
Gross SF
7,600

Investment Highlights

  • 2020 New Construction
  • Mixed Use - Multifamily & Retail
  • 100% Occupied
  • Future Upside in Rents
  • Off-Street Parking

Investment Overview

The Trujillo Group of Marcus & Millichap is pleased to present for sale a rare 10-unit mixed use property with significant rental upside located in the promising city of National City. Constructed in 2020, this unique property is positioned on an 11,367 SF lot and is made up of 7,600 RSF.

The multifamily component of this building is comprised of six two-bedroom/one-bathroom units. All apartment units feature granite counter tops, stainless steel appliances, laundry/fridge hook ups, and off-street parking. Off-street parking provides residents with 12 parking spaces. Select apartments also provide residents with private outdoor balconies. The retail/ office spaces of this property are conveniently located on the corner of E 18th Street and Granger Avenue providing tenants with an influx of traffic volume. With approximately 120,107 people within a 2-mile radius, these retail spaces are desirable for any business looking for an ideal location to operate out of. Tenants of these spaces are also provided with off street parking as well.

2752-56 E 18th Street offers investors a supreme location for a newly built property with schools, strong retail tenants, and new developments all being located within a 2-mile radius. Residents are within a short walking distance (< 1 Mile) to Palmer Way Elementary School and Granger Junior High School. Retail tenants such as Starbucks, Walgreens, and Walmart are located around the corner from the subject property boasting the citys strong demographics.

National City is poised to take a major leap forward in becoming the next great urban neighborhood. With its small-town vibe, local character, existing services, and proximity to both the Navy H.Q. and the heart of San Diegos downtown, National City has an opportunity to develop its own uniquely vibrant urban center. Being in the heart of National City, this asset provides investors with a vehicle to ride the gentrification of an up and coming city.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower