Property Details
About this Property
National City multifamily/mixed-use development opportunity. Roughly 8,700 SF of lightly-sloped land. Mixed-use zoning (MXC-2), zoned for up to 17 multifamily units. Previously fully entitled for 12 new multifamily units and 12 off-street parking spaces; those plans are on hold at City. Geotechnical, other applicable reports, and prior-approved 12-unit design plans available. Value-engineered upgraded floorplan options for higher rent and additional square footage available. Full project summary and detailed financial estimates provided upon request. All applicable plans are ready for transfer to buyer, or buyer can create its own. Seller financing available - inquire for details. Up-and-coming National City market in the path of progress. Close proximity to bayfront, parks, shopping, transportation, and infamous Mile of Cars. New multifamily construction in this submarket typically commands high rents, strongly supported by the housing demand from military bases in the area. $6.3M estimated valuation for 12-unit new construction. Estimated total acquisition + construction costs of $4.7M yields healthy potential profit.
MLS Listing Information
MLS #
CRPTP2405313
MLS Source
California Regional MLS
Days on Site
81
Lots & Land Information
Lot Description
Grade - Gently Sloped, Grade - Sloped Down
Parking, School, and Other Information
HOA Fee
$0
Zoning
DNS, GSL, LW, LSR, TNS, PRK, TD
Contact Information
Listing Agent
Max Delbecq
Top Gun CRE
License #: 01964069
Phone: (858) 333-7701
Co-Listing Agent
Kenneth Herskind
Top Gun CRE
License #: 01872460
Phone: (858) 699-4013
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
316 E 31st St is in National City, CA 91950. This Land is currently priced at $1,200,000. This address can also be written as 316 E 31st St, National City, CA 91950.
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This listing information is up-to-date as of September 04, 2024. For the most current information, please contact Max Delbecq, (858) 333-7701
