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$1,750,000
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260020923SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
RARE 5-UNIT INVESTMENT + DEVELOPMENT OPPORTUNITY IN THE HEART OF NATIONAL CITY! Located on a prominent corner at B Avenue and E 8th Street, this unique property offers investors the opportunity to generate rental income today while holding significant long-term redevelopment potential. The property consists of five residential units across two buildings: four well-maintained 1-bedroom/1-bath units plus a detached 3-bedroom/1-bath home in the rear with its own patio space. The existing units are in great condition and offer an attractive, versatile unit mix with strong rental appeal. The detached rear residence provides an additional feature rarely found in a traditional multifamily investment, offering more privacy, additional bedrooms and outdoor space. But the real opportunity goes beyond the existing improvements. Situated in an Opportunity Zone with commercial zoning, this corner property has been identified as a potential redevelopment site for a larger multifamily, affordable housing or mixed-use project, with potential development capacity of up to 5 Please do not disturb tenants. Drive-by only unless otherwise arranged with listing agent. Interior access subject to accepted offer or prior appointment with listing agent. Buyer and buyer's agent to verify all information, including square footage, unit count, rents, zoning, development potential, permits and intended use, to their satisfaction. Contact listing agent for additional information and showing instructions.
Location
State CA
County San Diego
Area 91950 - National City
Interior
Fireplace No
Others
Tax ID 5563331400
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Listed by Michael Spirtos Atlas Realty #01306407
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