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.
Property Details
Price:
$900,000
MLS #:
PTP2502985
Status:
Active
Baths:
0
Address:
316 E 31st Street 5622520500
Type:
Land
Neighborhood:
91950nationalcity
City:
National City
Listed Date:
Apr 25, 2025
State:
CA
ZIP:
91950
Lot Size:
8,700 sqft / 0.20 acres (approx)
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Community Features
Curbs, Sidewalks, Urban, Fishing, Park
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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- Address316 E 31st Street 5622520500 National City CA
- Area91950 – National City
- CityNational City
- CountySan Diego
- Zip Code91950
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316 E 31st Street 5622520500
National City, CA
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