3096 National AveSan Diego, CA 92113

Property Details for 3096 National Ave

Lot size

0.40 AC

Property size (Sq ft)

4,241 SF

Zone code

INDUSTRIAL (M ZONE)

Property type

Retail properties

Property subtype

Retail space

APN

550-032-19-00

APU

5500321900

Description

This San Diego mixed-use property at 3096 National Ave offers a compelling investment opportunity. Priced at $2,600,000, this 4,241 square foot, Class B property boasts a 4.17% cap rate and a strong net operating income of $108,500. Currently 100% occupied with three tenants under net leases, the property provides immediate cash flow with potential for future redevelopment. Situated on a 17,568 square foot lot with 15 parking spaces, the property features four buildings and is zoned CC-3-6, allowing for mixed-use development. Built in 1940, the property includes 4,059 square feet of net rentable space, with approximately 1-2 years remaining on existing leases. The location in the Logan Heights community offers proximity to the SD Naval Base and the Port of San Diego, along with schools and public transit. An architectural concept design suggests potential for mixed-use retail and residential construction, though necessary permissions and zoning amendments would need to be secured. The property's prime location and redevelopment potential make it an attractive investment in a growing area. All information is based on owner-provided data and public records. APN: 550-032-19.

• CAP approach

  CAP return

  Valuation

  6%

  $1,306,804

  6.5%

  $1,206,280

  7%

  $1,120,117

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,729,676

  Geo Method

  $3,761,616

• Alternative Use

  Use

  Valuation

  Residential

  $1,017,542

  Hospitality

  $932,063

  Educational

  $775,466

  Medical

  $802,135

  Retail

  $1,206,280

Location Insight

City

San Diego

County

San Diego

State

California

Latitude

32.6963

Longitude

-117.128

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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