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3905-9 National Ave

San Diego, CA 92113
  • $1,099,800
  • STATUS: ACTIVE
  • ON SITE: 112 Days
  • ID#: 250021496
UPDATED: 40 min ago
$1,099,800
  • 4
    BEDS
  • 0.12
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,014
    SQFT
  • $546
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

Prime investment opportunity: Well-designed three-unit property includes a near-brand-new modern duplex (2bed/2bath + studio) and a separate detached cottage-style home (2bed/1bath). Enjoy the benefit of purchasing AS-IS with stable cash flow from day one with established tenants. Multiple value-add strategies of consideration, including a potential lot split to legally separate the house & duplex, density increase with Complete Communities or utilizing subject base zoning, or the City of San Diego Bonus ADU program for generational living or additional rental income. Whether you're a first-time investor, a 1031 exchange buyer looking to scale up, or a homebuyer seeking an affordable path to homeownership with income potential, this property offers immediate returns with substantial long-term upside. DON’T MISS OUT – Quality investment properties don’t last long!!! Remarks: subject to cancellation of current contract

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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.mercergrouprealestate.com/homes/161512955
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3905-9 National Ave San Diego, CA 92113

  • Price: $1,099,800
  • Status: ACTIVE
  • On Site: 112 Days
  • Updated: 40 min ago
  • ID#: 250021496
4
Beds
3
Baths
0
½ Baths
0.12
Acres
2,014
SQFT
$546
$/SQFT
1960
Built
Neighborhood:
Southcrest
County:
San Diego
Area:
Logan Heights (92113)
Property Description
Prime investment opportunity: Well-designed three-unit property includes a near-brand-new modern duplex (2bed/2bath + studio) and a separate detached cottage-style home (2bed/1bath). Enjoy the benefit of purchasing AS-IS with stable cash flow from day one with established tenants. Multiple value-add strategies of consideration, including a potential lot split to legally separate the house & duplex, density increase with Complete Communities or utilizing subject base zoning, or the City of San Diego Bonus ADU program for generational living or additional rental income. Whether you're a first-time investor, a 1031 exchange buyer looking to scale up, or a homebuyer seeking an affordable path to homeownership with income potential, this property offers immediate returns with substantial long-term upside. DON’T MISS OUT – Quality investment properties don’t last long!!! Remarks: subject to cancellation of current contract
Exterior Features

Exterior Wood/StuccoOther/Remarks Fencing Partial Irrigation Drip Parking Garage Desc Unit1 Detached Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 2 Parking Garage Spaces Unit3 0 Parking Non Garage Desc Unit1 GatedUncovered Parking Non Garage Desc Unit2 GatedUncovered Parking Non Garage Desc Unit3 None Known Roof CompositionRolled/Hot Mop Topography Slope Gentle Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 3

Interior Features

Cooling Central Forced AirWall/Window Furnished Units 2 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment FireplaceForced Air UnitOther/Remarks Heat Source Electric Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 2 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 3 Units With Dishwashers 3 Units With Dryers 3 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3 Water Heater Type Gas

Property Features

Actual Cap Rate 5.98 Age Restrictions N/K Annual Expense Actual 17100 Association ID San Diego Association of REALTORS (SDAR) Buildings 2 Cfd Mello Roos Fee 0.0 Community SAN DIEGO Complex Park San Diego Cross Streets S 39th Street Gross Rent Multiplier Actual 13.37 Gross Rent Multiplier Project 12.84 Gross Scheduled Income Actual 85860 Gross Scheduled Income Project 89460 Jurisdiction Incorporated Mandatory Remarks None Known Market Area Metro Central Monthly Total Fees 0 Net Operating Income Projected 0 Other Fees 0.0 Other Income Actual 0 Possession Close of Escrow Projected Other Income 0.0 Sales Restrictions N/K Security Security BarsN/KOther/Remarks Sewer Septic Sewer Connected Short Sale No Tenant Pays SewerWaterElectricity Terms CashConventionalExchangeFHAVA Unit Number For Unit1 3909 Unit Number For Unit2 3907 Unit Number For Unit3 3905 Unit1 Deposit 1700 Unit1 Occupied Tenant Unit1 Rent Actual 2550.0 Unit2 Deposit 2835 Unit2 Occupied Tenant Unit2 Rent Actual 2835.0 Unit3 Deposit 1200 Unit3 Occupied Tenant Unit3 Rent Actual 1770.0 Water Meter on Property Water District CITY OF SAN DIEGO Zoning RM 2-5

San Diego MLS logo Listing provided courtesy of Nick Emerson of Keller Williams La Jolla: 858-692-1805. 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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Mercer Group | Keller Williams La Jolla
4071 Adams Avenue
San Diego CA, 92116