1609-1623 E 10th St

We are pleased to present a stable workforce housing property in National City, California—an attractive investment opportunity featuring a balanced mix of one- and two-bedroom units. The asset delivers a strong in-place capitalization rate with potential to increase the income through rent growth and operational enhancements. Further, this opportunity offers affordable housing while enjoying prime access to employment centers. Recent capital improvements include upgraded electrical panels, new vinyl windows, and interior renovations. The property boasts solid performance with reliable in-place rents, low-maintenance exterior finishes, and ample onsite parking. Residents benefit from excellent walkability to public transit, shopping, and dining options. Nearby bus routes connect directly to the 8th Street Transit Center, providing broad access to the County. Finally, National City offers a strategic infill location along the San Diego Bay and near major employment centers. The immediate submarket includes Paradise Valley Hospital and medical services. In additional to the major medical center, this location is convenient to Plaza Blvd retail centers, Mile of Cars, Naval Base San Diego and Gaylord Resort and Convention Center. Please drive by the property discreetly without disturbing the tenants or management. Property can be shown with an acceptable offer.