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331-37 1st St

National City, CA 91950
  • $1,175,000
  • STATUS: PENDING
  • ON SITE: 22 Days
  • ID#: 250016926
Pending
UPDATED: 49 min ago
$1,175,000
  • 6
    BEDS
  • 0.14
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,400
    SQFT
  • $490
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Description

Situated in the heart of National City—a dynamic, centrally located community known for its rich cultural heritage—this property offers strong tenant appeal. National City provides convenient access to key amenities, including popular shopping centers, diverse dining options, parks, and cultural landmarks, making it an attractive destination for both professionals and families. Its proximity to major transportation hubs, Downtown San Diego, the Port of San Diego, and key employment centers enhances its desirability, offering tenants short commutes and plentiful recreational opportunities. While the property has not been recently renovated, its classic charm presents a valuable opportunity for investors seeking to add value through updates. The current condition offers flexibility for customization, making it ideal for buyers looking to modernize units or reposition the property to meet the growing demand for upgraded rentals in this evolving and highly accessible area. Additionally, the property includes two garages that present potential for an ADU conversion, adding further value and rental income opportunities. Furthermore, the existing shed on the property could be marketed as a conveyed asset, offering potential income if rented out for storage. ***Adjacent Property is also listed*** and can be sold together for 12-units.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/159628913
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331-37 1st St National City, CA 91950

  • Price: $1,175,000
  • Status: PENDING
  • On Site: 22 Days
  • Updated: 49 min ago
  • ID#: 250016926
6
Beds
4
Baths
0
½ Baths
0.14
Acres
2,400
SQFT
$490
$/SQFT
1952
Built
Neighborhood:
National City
County:
San Diego
Area:
National City (91950)
Property Description
Situated in the heart of National City—a dynamic, centrally located community known for its rich cultural heritage—this property offers strong tenant appeal. National City provides convenient access to key amenities, including popular shopping centers, diverse dining options, parks, and cultural landmarks, making it an attractive destination for both professionals and families. Its proximity to major transportation hubs, Downtown San Diego, the Port of San Diego, and key employment centers enhances its desirability, offering tenants short commutes and plentiful recreational opportunities. While the property has not been recently renovated, its classic charm presents a valuable opportunity for investors seeking to add value through updates. The current condition offers flexibility for customization, making it ideal for buyers looking to modernize units or reposition the property to meet the growing demand for upgraded rentals in this evolving and highly accessible area. Additionally, the property includes two garages that present potential for an ADU conversion, adding further value and rental income opportunities. Furthermore, the existing shed on the property could be marketed as a conveyed asset, offering potential income if rented out for storage. ***Adjacent Property is also listed*** and can be sold together for 12-units.
Exterior Features

Exterior Wood/Stucco Fencing Partial Roof Tile/Clay Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Unit4 Exclusive Use Yard No Units With Garages 2 Units With Patios 0

Interior Features

Cooling Other/Remarks Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Unit4 Laundry Hook Ups No Units With Cooling 4 Units With Dishwashers 4 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

Property Features

Actual Cap Rate 1.69 Age Restrictions N/K Annual Expense Actual 35113 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community NATIONAL CITY Complex Park Kimball Park Cross Streets Division Street Gross Rent Multiplier Actual 21.36 Gross Scheduled Income Actual 55008 Mandatory Remarks None Known Market Area South Bay Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 7050 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Other/Remarks Terms CashConventionalExchangeFHAVA Unit Number For Unit1 331 Unit Number For Unit2 333 Unit Number For Unit3 335 Unit Number4 337 Unit1 Deposit 1037 Unit1 Occupied Tenant Unit1 Projected Rent 1850.0 Unit1 Rent Actual 1037.0 Unit2 Deposit 1037 Unit2 Occupied Tenant Unit2 Projected Rent 1850.0 Unit2 Rent Actual 1037.0 Unit3 Deposit 1255 Unit3 Occupied Tenant Unit3 Projected Rent 2500 Unit3 Rent Actual 1255.0 Unit4 Deposit 1255 Unit4 Occupied Tenant Unit4 Projected Rent 2500 Unit4 Rent Actual 1255.0

San Diego MLS logo Listing provided courtesy of Aaron Bove of Marcus & Millichap: 858-945-7094. Listing information © 2025 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2025 San Diego MLS, Inc. Licensed in the state of California.
 
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