316 E 31st Street
National City, CA 91950
- – beds
- – baths
- – sqft
- 8,700 sqft lot
- – on site
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.
Last checked:
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Last updated Dec 7, 2024
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MLS# PTP2405313 —
This property is listed in more than one place. See it here.
The Building
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New Construction:Yes
Location
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Directions:Google maps
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Latitude:32.65687200
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Longitude:-117.09543200
The Property
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Property Type:Land
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Zoning:MXC-2 Zoned for up to 17 multifamily...
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Zoning Description:MXC-2 Zoned for up to 17 multifamily units
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Lot Features:Sloped Down, Gentle Sloping, Lot 6500-9999, Rectangular Lot, Near Public Transit, Park Nearby, Tear Down, Treed Lot, Value In Land
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Lot Size Area:8700.0000
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Lot Size Acres:0.1997
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Lot Size SqFt:8700.00
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Lot Size Source:Survey
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View:1
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View:Neighborhood
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Fence:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5622520500
The Community
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Neighborhood:National City
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Features:Curbs, Sidewalks, Urban, Fishing, Park
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Association:No
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Senior Community:No
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Assessments:No
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Distance To Water Comments:Buyer to verify
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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9/2/24
Sep 2, 2024
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Listed / Active | CRMLS_CA | $1,200,000 | 203.8% (51.2% / YR) |
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1/17/24
Jan 17, 2024
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Price Changed | BRIDGE | ||
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1/16/24
Jan 16, 2024
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Price Changed | CRMLS_CA |
