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4086 98 National Avenue

San Diego, CA 92113
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Bed 3

Bed

Bath 2

Bath

SqFt10,049

Sqft(Lot)

4086-98 National Ave presents a huge value-add opportunity to acquire 9 units in San Diego at an exceptional cost basis. Offered at $1,250,000, the property is priced at just $138,889 per unit, significantly below prevailing price-per-unit levels for comparable multifamily properties. This low acquisition basis provides investors with significant upside to complete a comprehensive renovation and reposition the asset for long-term cash flow and appreciation. This will need to be a cash or private financing only sale! The property consists of eight (8) one-bedroom/one-bathroom units and one (1) detached two-bedroom/one-bathroom house. All units are single-story, providing convenient access and an efficient, low-density residential layout. The property is individually metered for gas and el ectricity and offers a single-car garage, an oversized approximately 1.5-car-wide garage, and four additional off-street parking spaces. The asset currently exhibits substantial deferred maintenance and rents well below prevailing market levels, creating significant upside through a full interior and exterior renovation program. Post renovation and stabilization projects $216,780 GSI and $148,311 NOI, resulting in an 11.86% pro forma cap rate, excluding renovation costs. Additional revenue potential includes garage and parking income, laundry income, and the implementation of a water and trash reimbursement program. Located in San Diego's 92113 submarket, the property offers convenient access to San Diego Bay, Coronado Island, Downtown San Diego, Barrio Logan, Naval Base San Diego, major employment centers, and the broader South Bay. Connectivity to I-5, I-15, and SR-94 provides residents with efficient access throughout the county.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,250,000

AD Id : 91615703

MLS Id : PTP2607421

Beds : 3

Lot Size : 10,049 Sq. Ft

Year Built : 1946

Garage : 2

County : San Diego

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Feature Features

  • Building Information

    Year Built: 1946
    Building Area Total: 4876
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 10049 Lot Size Acres: 0.2307 Lot Size Source: PublicRecords Lot Size Square Feet: 10,049 Lot Description: TwentyOneToTwentyFiveUnitsAcre

  • Listing Price Information

    Listing Price: $1250000
    Cash

  • Tax Information

    Parcel Number: 5510221100 Tax Lot: 5510221100

  • Parking Information

    Parking Total: 6

    Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: GPS
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4240 4244 Gamma Street, San Diego, CA, 92113 $1,199,000 -- -- -- 6,845 Sq. Ft
1525 27 S 42nd Street, San Diego, CA, 92113 $765,000 2 1 -- 5,297 Sq. Ft
2944 46 Webster Avenue, San Diego, CA, 92113 $895,000 5 3 -- 7,108 Sq. Ft
3019 23 Martin Avenue, San Diego, CA, 92113 $1,299,995 -- -- -- 8,017 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 10/03/2026 @ 03:19

MLS: PTP2607421 LISTED BY: Maxwell Brown, Commercial Asset Advisors 858-360-3000 SOURCE: CRMLS

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