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.
Property Type
LandCounty
San DiegoStyle
LandAD ID
46810200
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Property Details
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Interior Features
Bathroom Information
- Total Baths: 0
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1997
- Lot Size Source: Survey
- Lot Size Square Feet: 8700
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Listing Information
Listing Price Information
- Original List Price: 1,200,000
- Listing Contract Date: 2024-09-01
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 5622520500
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 91950 - National City
- Directions: Google maps
- Zoning: MXC-2 Zoned for up to 17
- Source Property Type: Land
- Area: 91950 - National City
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 12/18/2024 @ 09:13
- MLS: PTP2405313
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 8,700 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of National City , in zip code 91950, this San Diego County Land are nearby neighborhoods.