617-625 A Ave Immeuble residentiel 5 lots 1 850 100 € (370 020 €/Lot) Taux de capitalisation 4,43 % National City, CA 91950

617-25 A Ave stands as a rare and compelling investment opportunity in the thriving community of National City. Priced at $2,100,000, this recently renovated five-unit property merges classic 1935 architecture with modern functionality, having undergone a comprehensive renovation in 2024. With a price per unit of $420,000 and a building size of 4,000 square feet, investors are purchasing not just quality construction, but long-term value rooted in location and design. The building is sited on a 0.21-acre lot, providing additional flexibility for future improvements or the addition of accessory dwelling units (ADUs) to enhance return.
The property currently boasts a 4.43% in-place CAP rate, offering immediate income stability with the potential for significant upside. With the strategic addition of ADUs, the projected CAP rate nearly doubles to an impressive 8.69%, positioning the asset as an ideal candidate for value-add investors seeking to capitalize on rising demand in a supply-constrained market. The blend of architectural character and modern updates creates strong appeal among tenants, especially professionals and families seeking charm and convenience near major employment hubs, schools, dining, and entertainment options.
Located in the heart of National City, 617-25 A Street benefits from exceptional accessibility to Downtown San Diego and the South Bay, making it a strategic location for commuters and local workers alike. The neighborhood continues to see upward momentum with public and private investments contributing to its transformation. Whether you’re seeking a turnkey asset with stable cash flow or a strategic investment with redevelopment potential, this five-unit property is a standout in the Southern California multifamily market.