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$ 900,000
Est. payment /mo
Price Dropped by $100K
316 E 31st National City, CA 91950
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2502985
Property Sub-Type Lots/Land
Property Description
PRICE REDUCED. 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. 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. Estimated total acquisition + construction costs likely yields healthy potential profit on completed construction.
Location
State CA
County San Diego
Direction Google maps
Interior
Fireplace No
Exterior
View Y/N No
Others
Tax ID 5622520500
Virtual Tour https://www.topguncre.com/properties-2/316-e-31st-st
Listed by Max Delbecq Top Gun CRE