Property Detail
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.
Map Location
Listing provided courtesy of Max Delbecq of Top Gun CRE. Last updated 2025-04-30 09:25:33.000000. Listing information © 2025 SANDICOR.
Marsha Pellar
DRE# 01239460
Inquire Now
DRE#: 01239460
1299 Prospect St Suite 100 La Jolla, CA 92037
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