$3,500,000

1629 Palm Avenue

National City, CA 91950

Active

1977

Year Built

San Diego

County

Apartment

Property Type

About this home

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.

Listed by SHIRLY ALANO · DRE #02050188 · Popular Real Estate

MLS #1191839109

ListedSep 22, 2026

Property Details

Architecture

Stories2

StyleN/A

Total Units16

RoofN/A

Garage Spaces32

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingN/A

FireplaceN/A

LaundryCommon Area

Parking FeaturesN/A

Parking Total32

Patio & PorchN/A

Entry Level1

Entry Location1

Common WallsTwo Common Walls Or More

Property Features

Lot Size0.61 ac

Lot FeaturesSixteen To Twenty Units Acre

ViewN/A

DirectionsTake I-805 S toward National City. Take exit 10 for Plaza Boulevard. Turn onto E Plaza Blvd., then head Palm Avenue.

Community

Area91950 - National City

School DistrictN/A

Tax & Financial

TermsCash, Cash To New Loan, Conventional

Land LeaseNo

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$18,628/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 7:45 PM

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