702 R Ave, National City, CA 91950 - MLS#250030071

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Nicole Hazelton

[email protected] +1(619) 206-1892

$4,998,000

Est. payment - /mo

0.81 Acres Lot

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Key Details

Property Type Commercial

Sub Type Other/Remarks

Listing Status Active

Purchase Type For Sale

MLS Listing ID 250030071

Lot Size 0.810 Acres

Acres 0.81

Property Sub-Type Other/Remarks

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 National City (91950)

Zoning R-4:MULTIP

Interior

Heating Wall

Cooling Wall/Window

Flooring Tile, Vinyl

Laundry Owned

Exterior

Exterior Feature None

Parking Features Other/Remarks

Roof Type Composition

Total Parking Spaces 18

Building

Story 1

Others

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

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Listed by Farid Khayamian • Bluxen, Inc.

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Nicole Hazelton

+1(619) 206-1892

Broker Associate | License ID: 01819363

Broker Associate License ID: 01819363

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702 R Ave National City, CA 91950

Nicole Hazelton

Key Details

Location

Interior

Exterior

Building

Others

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