4086 98 National Avenue, San Diego, CA 92113
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
Listed by: maxwell brown
Office: commercial asset advisors858-360-3000
MLS#:PTP2607421
Source:CRMLS
Price summary
- Price:$1,250,000
- Price per sq. ft.:$256.36
About this home
The offer process has been completed on National Ave, no other offers or prospective interest will be considered. Please do not walk the property or disturb tenants. 4086-98 National Ave presents a huge value-add opportunity to acquire 9 units in San Diego at an exceptional cost basis. Offered at $1,250,000, the property is priced at just $138,889 per unit, significantly below prevailing price-per-unit levels for comparable multifamily properties. This low acquisition basis provides investors with significant upside to complete a comprehensive renovation and reposition the asset for long-term cash flow and appreciation. This will need to be a cash or private financing only sale! The property consists of eight (8) one-bedroom/one-bathroom units and one (1) detached two-bedroom/one-bathroom house. All units are single-story, providing convenient access and an efficient, low-density residential layout. The property is individually metered for gas and electricity and offers a single-car garage, an oversized approximately 1.5-car-wide garage, and four additional off-street parking spaces. The asset currently exhibits substantial deferred maintenance and rents well below prevailing market levels, creating significant upside through a full interior and exterior renovation program. Post renovation and stabilization projects $216,780 GSI and $148,311 NOI, resulting in an 11.86% pro forma cap rate, excluding renovation costs. Additional revenue potential includes garage and parking income, laundry income, and the implementation of a water and trash reimbursement program. Located in San Diego's 92113 submarket, the property offers convenient access to San Diego Bay, Coronado Island, Downtown San Diego, Barrio Logan, Naval Base San Diego, major employment centers, and the broader South Bay. Connectivity to I-5, I-15, and SR-94 provides residents with efficient access throughout the county....
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Home facts
- Year built:1946
- Listing ID #:PTP2607421
- Added:11 day(s) ago
- Updated:October 13, 2026 at 07:58 AM
Rooms and interior
- Living area:4,876 sq. ft.
Structure and exterior
- Year built:1946
- Building area:4,876 sq. ft.
- Lot area:0.23 Acres
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,250,000
- Price per sq. ft.:$256.36
Parking
- Total parking spaces:6
- Garage:Yes
- Garage spaces:2
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