316 E 31St Street, National City, CA 91950
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Listed Price :
$1,200,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
2024
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
316 E 31St Street |
| City |
National City |
| State |
CA |
| Zip |
91950 |
| County |
San Diego |
| Listing Agent |
Max Delbecq DRE #01964069 |
| Co-Listing Agent |
Kenneth Herskind DRE #01872460 |
| Courtesy Of |
Top Gun CRE |
| List Price |
$1,200,000 |
| Status |
Active |
| Type |
Commercial |
| Subtype |
Multi Family |
| Structure Size |
N/A |
| Lot Size |
N/A |
| Year Built |
2024 |
Listing information courtesy of: Max Delbecq, Kenneth Herskind, Top Gun CRE. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:27 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
