13
See all 13 photos
$1,200,000
Est. payment /mo
8,700 Sqft Lot
Active
316 E 31st Street National City, CA 91950
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UPDATED:
09/04/2024 08:32 PM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPTP2405313
HOA Y/N No
Lot Size 8,700 Sqft
Acres 0.2
Property Description
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.
Location
State CA
County San Diego
Area Listing
Zoning MXC-
Interior
Fireplace No
Exterior
View Y/N true
View Other
Building
Lot Description Sloped Down
New Construction No
Others
Tax ID 5622520500
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Listed by Max Delbecq • Top Gun CRE
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289