$1,300,000
$1,399,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
10,402 Sqft Lot
SOLD DATE : 10/28/2024
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision National City
MLS Listing ID 230023039SD
Sold Date 10/28/24
HOA Y/N No
Year Built 2004
Lot Size 10,402 Sqft
Property Description
Excellent opportunity with this 3-Unit property in the heart of National City in San Diego, on the corner of Civic Center Drive and Harding Avenue. The sale consists of 3 parcels being sold together, for a total of 10,404 sqft (.24 acre), with 3 detached homes - 2 bed, 1 bath, 885 sqft. 2 bed, 1 bath, 919 sqft. 1 bed, 1 bath, 546 sqft. This property is located within the Westside Specific Plan District and is zoned MCR-2, providing significant potential upside through multiple avenues. Zoning would allow for 10 units plus 2 ADUs, with the potential to add low-income units to increase the total unit count. Or redevelop it into commercial space. (Any possible construction viability must be determined strictly by the buyer.) Current tenants are long-term tenants and significantly below market rent. Centrally located near the heart of downtown, it provides easy access to shops, restaurants, City Hall, Kimball Park, and the Public Library. Easy access to Interstate-5 and access to major nearby employment, including multiple shipyards and Navy bases. The San Diego County South Bay is developing rapidly. Notably, the Chula Vista Bayfront Project is less than 3 miles to the South and will include 600,000 square feet of retail and restaurants, 220,000 square feet of mixed-use commercial, 2,800 hotel rooms, and is projected to generate $1.3 billion for the regional economy in its first two decades.
Location
State CA
County San Diego
Area 91950 - National City
Zoning MCR-2
Interior
Heating Electric
Cooling None
Fireplace No
Appliance Gas Water Heater
Exterior
Fence Partial
Pool None
View Y/N Yes
View None
Roof Type Composition
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 5590340200
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Diana Iniguez Robles • The Oppenheim Group
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Broker Associate | Lic# 01398838