$3,500,000

1629 Palm Ave, National City, CA 91950

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0.61 acres

Residential Income · Apartment · Built 1977 · 15 days on Properkey

Description

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.

Agent & source

Listed by
SHIRLY ALANO
Brokerage
Popular Real Estate
DRE
#02050188
Phone
949-836-6589
MLS # IV26214005 Source CRMLS

Property details

Rooms & Layout

Levels
Two
Laundry
Community

Property Features

Lot features
16-20 Units/Acre
Community
Sidewalks

Exterior & Parking

Parking
32-car garage
Common Walls
2+ Common Walls

Utilities

Water Source
Private
Sewer
Private Sewer

Nearby

Active Pending Closed Rental

School information not available for this property.

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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-10-16 09:03:57 PST. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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