
National City, California 91950
This Turnkey Income-Producing Property is a High-Potential Investment Opportunity, listed at $799,000—positioned slightly above the $790,194 Fair Market Value. Despite the premium, the property offers exceptional utility through its attached studio and garage bathroom, providing significant flexibility for rental income or a house-hack strategy. With a Condition Rating of 2 and comprehensive upgrades including a brand-new roof and ABS plumbing, this asset minimizes immediate capital expenditure. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready home with built-in revenue potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23 E 1st St Subject | $799,000* List Price | 4 | 4 | 1,650 | $479 | - |
A 427 K Avenue Sold | $763,000 | 3 | 2 | 1,590 | $480 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive renovation within the last 5 years, featuring a modern kitchen with quartz countertops and shaker cabinets, updated bathrooms, and critical system upgrades including a brand-new roof, new electrical panel, and all-new ABS plumbing.
The property features an attached studio with a full bathroom plus an additional bathroom in the garage, offering exceptional flexibility for rental income, guest quarters, or a house-hack strategy.
This home has undergone extensive updates including a brand-new roof, new ABS plumbing, an updated electrical panel, and modern interior finishes, significantly reducing future maintenance costs for the buyer.
Ideally situated in National City with immediate access to major freeways and shopping, the property is just minutes from the San Diego Bay and the employment hubs of Downtown San Diego.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1650, other record living area = 1130. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The 4,818-square-foot lot is relatively compact, which may limit outdoor recreational space or privacy for buyers seeking a larger yard.
Despite the modern aesthetic and system upgrades, the property's 1940s origin may still present layout limitations or architectural constraints common to older vintage homes.
Welcome to 23 E First Street, a fully remodeled turnkey home with rare income-producing potential, ideally located in the heart of National City. The main residence offers 3 bedrooms and 2 bathrooms across 1,130 square feet of bright, open living space, where a sun-filled great room with a statement fireplace flows into a beautifully updated kitchen featuring brand-new shaker cabinetry, quartz counters, and stainless appliances. What truly sets this property apart is the flexibility for additional income. The attached studio with its own full bathroom adds approximately 520 square feet of versatile space, perfect for rental income, a home office, guest quarters, or the ultimate house-hack. On top of that, the seller has added an additional full bathroom in the garage, creating a quick and easy opportunity to expand the living/rentable space and unlock even more income potential. This home has been thoughtfully fully renovated, including all-new ABS plumbing throughout, updated electrical with a brand-new panel, a brand-new roof on both the main home and detached garage, new kitchen cabinets, refreshed bathroom vanities, and modern wood-style flooring throughout. Enjoy a low-maintenance private backyard, and an unbeatable central location near freeways, shopping, dining, and just minutes from Downtown San Diego and the bay. Move-in ready with instant flexibility, a true must-see for homeowners and investors alike.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.5 |
| Baths | 4.0 | 2.5 |
| Square foot | 1,650 | 1,717.5 |
| Lot Size | 4,818 | 7,902.6 |
| Price | $799.0K | $743.4K |
| Price per sq ft | $484 | $578 |
| Built year | 1940 | 1959 |
| HOA | $0 | $165 |
| Days on market | 22 | 38 |
Jun 30, 2026
$799,000
Initial Listing
May 9, 2024
$725,000
Public Record
Aug 8, 2023
$530,000
Public Record
May 24, 1999
$110,000
Public Record