1426 E 16th Street, National City, CA 91950
- $1,060,000
- Sold Price
- $1,060,000
- List Price
- $1,150,000
- Closing Date
- Jun 10, 2026
- Status
- CLOSED
- MLS#
- 260008422SD
- Days on Market
- 36
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
1426 E 16th Street presents a rare opportunity to acquire a 5 unit multifamily property in National City with strong value add potential and future development upside. The property consists of five 1 bedroom 1 bathroom units situated on a large 10,075 square foot RS 2 zoned lot. A new owner will have the ability to begin improvements on multiple units in the near term, allowing for an accelerated repositioning strategy and increased rental income. Current rents in the occupied income producing units are below market, creating a clear path to upside through interior renovations. The large lot and zoning may also provide future expansion or development potential, offering multiple strategies for a new owner to explore. Conveniently located near Interstate 5, Downtown San Diego, and major retail corridors, the property benefits from strong rental demand and continued growth in the surrounding area.
Additional Information
- Exterior Construction
- Frame
- Attached Structure
- Detached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $28,200
- Operating Expense
- 26910
Listing courtesy of Listing Agent: Jordan Concepcion (jordan.concepcion@arg1031.com) from Listing Office: Apartment Realty Group (ARG).
Listing sold by Nicole Meacham from Hunter & Maddox Intl. Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.