1629 Palm Avenue National City, CA $ 3,500,000
1629 Palm Avenue
$ 3,500,000
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1629 Palm Avenue

National City, CA, 91950
$ 3,500,000
Bedrooms-- Baths1.0 Sq 16

Monthly Estimate*

$ 22,099

Listed by SHIRLY ALANO, Popular Real Estate, alanomyagent@gmail.com
1629 Palm Avenue, National City, CA 91950 - Image 1

Multi-Family Home for sale in National City, CA

for $3,500,000 with 1 full bath. This 16 square foot home was built in 1977 on a lot size of 0.61.

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.

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Multi-Family Active

Price

$ 3,500,000

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.61

Year Built

1977

Town/City

National City

County/Region

San Diego

MLS | Web ID

IV26214005

Days on Market

11

Features
General
Sewer Private Sewer
HOA Fee 0
Garage Spaces 32
Pool Features None
Year Built 1977
Stories Count 2
Levels Two
Property Subtype Apartment
Gross Income 328320
Community Features Sidewalks
County San Diego
Net Operating Income 239010
Operating Expense 89310
Insurance Expense 8306
New Construction false
Property Type Residential Income
HOA false
Contingency Call the agent direct for more information at (949)836-6589
Subdivision Name National City
Garage Y/N true
Special Listing Conditions Standard
Status Active
Directions Take I-805 S toward National City. Take exit 10 for Plaza Boulevard. Turn onto E Plaza Blvd. then head Palm Avenue.
City National City
Entry Location 1
Senior Community Y/N false
Number Of Units Total 16
MLS Area 91950 - National City
Lot Size Units Square Feet
Lot Size Square Feet 26572
Number of Units Leased 16
Listing Terms Cash Cash to New Loan Conventional
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 11601
Fuel Expense 11601
Trash Expense 6000
Water Sewer Expense 11601
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 1
Total Actual Rent 27360
Property Sub Type Additional Apartment
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Interior
Total Stories 2
Common Walls 2+ Common Walls
Laundry Features Common Area
Entry Level 1
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Exterior
Lot Features 16-20 Units/Acre
Water Source Private
Total Parking 32
Lot Size Area 26572
Number of Buildings 2
Building Area Total 16
Lot Size Acres 0.61
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 16
Number of Separate Gas Meters 16
Number of Separate Electric Meters 16
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* Excluded Features
List By
SHIRLY ALANO

Listing Agent

Popular Real Estate

Broker

alanomyagent@gmail.com

Email

Affordability Calculator

$22,099
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Monthly Principal & Interest
$22,099
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/1/2026$3,500,000 Listed Price

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1629 Palm Avenue, National City, CA, 91950 is a Multi-Family Home for sale at $3,500,000 with 16 sqft and a lot size of 0.61. 1629 Palm Avenue has 1.0 baths and was built in 1977. The property's zip code is 91950 which is in National City, CA