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Sold for $1,200,000 on 05/15/25
  • $1,200,000

    1214-20 E 18th St, National City, CA 91950

    8beds
    4baths
    --sqft
    Multi Family
    Built in 1959
    -- sqft lot
    $1,274,200 Zestimate®
    $--/sqft
    $3,182 Estimated rent

    What's special

    First Time on Market in Over 35 Years – Prime Value-Add Opportunity in National City! Welcome to 1214-20 E 18th Street, a rare investment opportunity in the heart of National City. Hitting the market for the first time in over three decades, this well-located multifamily asset features four spacious 2-bedroom, 1-bathroom units situated on a generous 9,431 square foot lot. In addition to the main residential buildings, the property includes a third detached structure housing four single-car garages and an extra storage room. This additional structure presents a compelling opportunity for increased revenue—whether through renting the garages separately or converting the space into Accessory Dwelling Units (ADUs), subject to city approval. All units are currently tenant-occupied with month-to-month leases, offering maximum flexibility for repositioning. Rents are approximately 50% below market, providing immediate upside potential through renovation and rent increases. Investors will appreciate the ability to add value by modernizing interiors and capturing significant cash flow growth. Don't miss this exceptional chance to acquire a well-located asset with strong fundamentals, significant rental upside, and multiple value-add pathways.

    Zillow last checked: 8 hours ago

    Listing updated: May 15, 2025 at 10:01am

    Listed by:

    Josh Browar DRE #01824454 858-414-4398,

    The Browar Group

    Bought with:

    Raquel Flores, DRE #01459455

    eXp Realty of California Inc

    Source: SDMLS,MLS#: 250024408MLS LogoOriginating MLS: San Diego Association of REALTOR

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Cooling
    • N/K
    Interior area
    • Total structure area: 2,800

    Property

    Features
    • Levels: 1 Story
    • Fencing: Partial
    Details
    • Parcel number: 5612103300
    • Special conditions: N/K

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Stucco
    • Roof: Composition
    Condition
    • Year built: 1959

    Community & neighborhood

    Security
    • Security features: Other/Remarks
    Location
    • Region: National City
    • Subdivision: NATIONAL CITY

    Other

    Other facts
    • Listing terms: Cash,Conventional,Exchange,FHA,VA,Other/Remarks
    Services availability
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    Estimated market value

    $1,274,200