$5,495,000
702 R Ave National City, CA 91950
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18
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$5,495,000
Est. payment /mo
0.81 Acres Lot
Price Dropped by $185K
702 R Ave National City, CA 91950
UPDATED:
10/08/2024 02:48 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240022023SD
HOA Y/N No
Lot Size 0.810 Acres
Property Description
Please review the appraisal report. The property consists of 12 one-story townhome-style units that have undergone a complete renovation, including a reinforced foundation with rebars and concrete, The new roof boasts over 24 new flat ventilation vents, ensuring optimal air circulation within the structure. brand new vinyl flooring throughout, and new kitchens equipped with high-end appliances such as island hood fans and side-by-side fridges with ice makers and water dispensers. Furthermore, all master bedrooms now feature spacious walk-in closets. A permit was in process to build 8 more units, but with the new "California Density Bonus" (See attached), this lot is now eligible to build more than 65 units, subject to approval by the city of National City. Our architect, based on the meeting with the City of National City and all their regulations and Floor area ratio (FAR), created a future plan, which is attached to all pictures.
Location
State CA
County San Diego
Area 91950 - National City
Zoning R-4:MULTIP
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 18
Roof Type Composition
Total Parking Spaces 18
Others
Tax ID 5571204000
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan
Listed by Farid Khayamian • Bluxen, Inc.
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