Virtual Tour

$4,250,000

For Sale

3 months ago

1629 Palm Ave, National City, CA

House

MLS® NDP2601110

0 Bed

0 Bath

32 Parking

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size -

Garage

Taxes

Days Active 75

Lot Size

Approx. Age 1977

MLS® Number NDP2601110

Property Address: 1629 Palm Ave, National City, CA, 91950-5034

Average square foot calculated using Size range provided by listing agent.

Description

Contact for more information: Eric von Bluecher D 760.929.7846 or [email protected] Ivan Del Muro-Garcia D 760.448.2451 or [email protected] --------------------------------------------------------------------------------------------- The property is situated on an approximately 26, 571 square foot parcel and is improved with a 10, 616 square foot apartment building. The property features a well-balanced 16-unit mix consisting of (2) two-bedroom, two-bathroom units, (9) two-bedroom, one-bathroom units, and (5) one-bedroom, one-bathroom units. The strong concentration of two-bedroom units supports consistent tenant demand, stable occupancy, and durable cash flow from both long-term residents and workforce renters. The property has received select capital improvements, including full window replacement throughout the building and mild interior renovations in select units. The majority of units remain unrenovated, presenting a clear value-add opportunity for a new owner to upgrade interior finishes, modernize unit layouts, and drive rents toward prevailing market levels. According to public records, the property is zoned RM-2, High Density Multi-Unit Residential, which allows for approximately 24 to 48 dwelling units per acre. Based on the site size, the zoning supports a theoretical density range of approximately 15 to 29 units, subject to city approvals, development standards, and design constraints. The existing improvements represent efficient land utilization under current zoning, offering both stable in-place income and longer-term redevelopment optionality. Property amenities include gated access, approximately 32 on-site parking spaces, abundant street parking, on-site laundry facilities, and a tenant-friendly courtyard and garden area that enhances livability and tenant retention. The strong parking coverage is a notable advantage for a multifamily asset of this size and vintage. Located in the South Bay submarket of San Diego County, 1629 Palm Avenue benefits from convenient access to Interstate 5, regional transit corridors, nearby retail and dining amenities, and major employment centers throughout National City, Chula Vista, and Downtown San Diego. The location continues to attract tenants seeking affordability, connectivity, and proximity to both coastal and urban employment hubs. With its desirable unit mix, light renovation profile, strong parking ratio, and RM-2 high-density zoning, 1629 Palm Avenue presents investors with the opportunity to acquire a well-maintained multifamily asset offering immediate value-add upside, redevelopment optionality, and stable in-place cash flow.

MLS® NumberNDP2601110

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1977

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 4, 2026List Date

$4,250,000List Price

Commute

Commute

Starting Address

Destination Address

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

By pressing "Take a Tour", I confirm that I have read and agree to the eXp Privacy Policy, and Terms of Use.

By pressing "Take a Tour", I am electronically signing and consenting to receive marketing comms about real estate brokerage and mortgage lending services, delivered via email, phone and/or text (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate professionals and their affiliate SUCCESS® Lending using the contact information I provided. Your consent is not a condition of purchase and you may revoke it at any time by replying "STOP" to any texts. Text HELP for more info. Message and data rates may apply. You may also contact us directly at 1-844-683-4664.

Similar Listings

Comparable Properties

Explore eXp Find an Agent Join eXp Investor Relations Company Careers Home Guides

eXp Life Zoocasa SUCCESS®SUCCESS® Lending eXp Revenos eXp Commercial eXp Luxury eXp Land and Ranch Accessibility

Terms and Conditions Privacy Rights Request Privacy Policy Cookie Policy Brand Guidelines Help Sitemap

2219 Rimland Drive, Suite 301, Bellingham, Washington, 98226

1 833-303-0610

[email protected]

eXp REALTY

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker