$1,175,000
SOLD APR 4, 2025

331-37 E 1st St National City, CA 91950

6 Beds
4 Baths
2,400 Sq Ft
1952 Built

Recently Sold

$490 Per Sq Ft

41 Days on Market

About This Home

As of April 2025

Situated in the heart of National City—a dynamic, centrally located community known for its rich cultural heritage—this property offers strong tenant appeal. National City provides convenient access to key amenities, including popular shopping centers, diverse dining options, parks, and cultural landmarks, making it an attractive destination for both professionals and families. Its proximity to major transportation hubs, Downtown San Diego, the Port of San Diego, and key employment centers enhances its desirability, offering tenants short commutes and plentiful recreational opportunities. While the property has not been recently renovated, its classic charm presents a valuable opportunity for investors seeking to add value through updates. The current condition offers flexibility for customization, making it ideal for buyers looking to modernize units or reposition the property to meet the growing demand for upgraded rentals in this evolving and highly accessible area. Additionally, the property includes two garages that present potential for an ADU conversion, adding further value and rental income opportunities. Furthermore, the existing shed on the property could be marketed as a conveyed asset, offering potential income if rented out for storage. ***Adjacent Property is also listed*** and can be sold together for 12-units.

Last Agent to Sell the Property

Aaron Marcusmillichap

Marcus & Millichap License #01318320 Listed on: 01/22/2025

Last Buyer's Agent

Aiden Rhee

Kim Real Estate License #01856488

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1952

Lot Details

  • 6,107 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Clay Roof

Interior Spaces

  • 2-Story Property

Listing and Financial Details

  • Assessor Parcel Number 556-010-50-00

Community Details

Overview

  • 4 Units
  • Kimball Park Community

Building Details

  • Net Operating Income $19,895

Property Details

Home Type

Multi-Family

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: South Bay
  • Cross Street: Division Street
  • Neighborhood: National City
  • Stories: 2 Story
  • Sale Price List Price: 1.0
  • Total Stories: 2
  • Year Built: 1952
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Tile/Clay

Condo/Co-op/Association

  • Complex Name: Kimball Park
  • Community: NATIONAL CITY

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 556-010-50-00
  • Estimated Lot Sq Ft: 6107

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 19895
  • Annual Expense Actual: 35113
  • Gross Rent Multiplier Actual: 21.36
  • Gross Sched Income Actual: 55008
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 7050

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 Sold $1,175,000 0.0% $490 / Sq Ft
03/05/2025 03/05/25 Pending -- -- --
02/22/2025 02/22/25 For Sale $1,175,000 0.0% $490 / Sq Ft
02/10/2025 02/10/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $1,175,000 -- $490 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2025

    Aaron Marcusmillichap

    Marcus & Millichap

    2 in this area

    47 Total Sales

    Aaron Marcusmillichap
    Section Image
  • Aiden Rhee

    Buyer's Agent in 2025

    Aiden Rhee

    Kim Real Estate

    (619) 322-7197

    1 in this area

    2 Total Sales

    Aiden Rhee
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 250016926

San Diego MLS

California San Diego County National City 91950

331-37 E 1st St, National City, CA

This home is located at 331-37 E 1st St, National City, CA 91950 and is currently priced at $1,175,000, approximately $489 per square foot. This property was built in 1952. 331-37 E 1st St is a home located in San Diego County with nearby schools including Central Elementary School, National City Middle School, and Sweetwater High School.

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