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Garrick Yan

garrick@garrickyan.com +1(510) 999-8008

Listed by Max Delbecq • Top Gun CRE

$ 1,200,000

Est. payment -/mo

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Active

316 E 31st Street National City, CA 91950

8,700 SqFt

UPDATED:

09/05/2024 04:53 AM

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Square Footage 8,700 sqft

Price per Sqft $137

MLS Listing ID CRPTP2405313

HOA Y/N No

Originating Board Datashare California Regional

Lot Size 8,700 Sqft

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

Interior

Fireplace No

Exterior

View Other

Building

Lot Description Sloped Down

© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

Garrick Yan

Team Leader | CA BRE #01916102

+1(510) 999-8008

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