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$ 6,345,000
Est. payment | /mo
0.53 Acres Lot
$ 6,345,000
Est. payment | /mo
0.53 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2504689
HOA Y/N No
Year Built 1971
Lot Size 0.530 Acres
Property Description
930 B Ave National City presents the opportunity to acquire a rarely traded 27 unit garden style asset located in National City's most desirable corridor. The property is located one parcel away from the Historical Landmarks of Brick Row & Heritage Square and within a 3 minute walk of all the activity Kimball Park, E 8th St, and National City Blvd have to offer. The asset possesses both attractive immediate value-add potential on the existing 27 units and significant development potential. The parcel consists of 23,086 SF within the Downtown Specific Plan allowing for 3:1 & 4:1 FAR ratios of multifamily development. 930 B Ave consists of 25 registered units and 2 unregistered units. The unit mix contains (10) 1 Bed / 1 Bath units, (10) 2 Bed / 1 Bath units, (5) 2 Bed / 2 Bath units, and the (2) unregistered studio units converted out of existing non-living square footage. The property possesses an oversized unit average of 765 sqft with a huge 5,549 sqft of additional existing non-living square footage comprised of 23 garages, 4 storage rooms, the 2 unregistered studio units, and an on-site laundry facility. 15 of the 27 units are in renovation ready status.
Location
State CA
County San Diego
Area 91950 - National City
Zoning National City Downtown Sp
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 23.0
Garage Description 23.0
Pool None
Community Features Curbs
View Y/N No
Total Parking Spaces 25
Private Pool No
Building
Lot Description 21-25 Units/Acre
Story 2
Sewer Public Sewer
Others
Senior Community No
Tax ID 5564721400
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Maxwell Brown Commercial Asset Advisors mbrown@caacre.com