316 East 31st Street

National City, CA 91950

$1,200,000
Price
—
Beds
12,351 Sq. Ft.
$97 / Sq. Ft.
12,351
Sq. Ft.
$97
per Sq. Ft.
a view of a street
a view of a lake with outdoor space
a view of a green field with lots of green space
a view of a street
a view of a lake with houses in back
a view of a outdoor space
a view of a street with a building in the background
a view of a balcony with door
a car parked in front of a building
a cars parked in front of a building
an aerial view of a city
a dining room with furniture and wooden floor
a kitchen with a sink a stove and cabinets
a bedroom with a large bed and a chandelier

Description

National City multifamily/mixed-use development opportunity. Roughly 8,700 SF of lightly-sloped land. Mixed-use zoning (MXC-2), zoned for up to 17 multifamily units. Previously fully entitled for 12 new multifamily units and 12 off-street parking spaces; those plans are on hold at City. Geotechnical, other applicable reports, and prior-approved 12-unit design plans available. Value-engineered upgraded floorplan options for higher rent and additional square footage available. Full project summary...National City multifamily/mixed-use development opportunity. Roughly 8,700 SF of lightly-sloped land. Mixed-use zoning (MXC-2), zoned for up to 17 multifamily units. Previously fully entitled for 12 new multifamily units and 12 off-street parking spaces; those plans are on hold at City. Geotechnical, other applicable reports, and prior-approved 12-unit design plans available. Value-engineered upgraded floorplan options for higher rent and additional square footage available. Full project summary and detailed financial estimates provided upon request. All applicable plans are ready for transfer to buyer, or buyer can create its own. Seller financing available - inquire for details. Up-and-coming National City market in the path of progress. Close proximity to bayfront, parks, shopping, transportation, and infamous Mile of Cars. New multifamily construction in this submarket typically commands high rents, strongly supported by the housing demand from military bases in the area. $6.3M estimated valuation for 12-unit new construction. Estimated total acquisition + construction costs of $4.7M yields healthy potential profit.
  1. Listed by Max Delbecq • DRE #01964069 • Brokerage DRE #02059064 • Top Gun CRE • maxd@topguncre.com
  2. Listed by Kenneth Herskind • DRE #01872460 • Brokerage DRE #02059064 • Top Gun CRE

Property Details for 316 East 31st Street

Parking Spaces Total
0
Total Units
17.0
Lot Size Source
Survey
Building Area Total
12351
Building Area Units
Square Feet
Stories Total
3
Entry Level
1
Association Fee
$.00
LISTING UPDATED: 09/04/2024 04:56 AM

Property Details for 316 East 31st Street

StatusActive
MLS #PTP2405312
Days on Market106
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial Sale / Multi Family
Year Built2024
Lot Size0.20 AC / 8,700 SF
CountySan Diego County

Building Information for 316 East 31st Street

Stories3Residences-Year Built2024Building Size-Lot Size0.20 AC / 8,700 SF

Property Information for 316 East 31st Street

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $423,600
  • Net Operating Income: $290,712
  • Cap Rate: 4.61
Expense Details
  • Operating Expense: $134,346
  • Insurance Expense: $9,649
  • Trash Expense: $3,600
  • Real Estate Tax Expense: $73,937
  • Total Expenses: $134,346
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Exterior Features
  • Fence: No
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Sloped Down, Gentle Sloping, Lot 6500-9999, Rectangular Lot, Near Public Transit, Park Nearby, Tear Down, Value In Land
  • Land Use: Multi-Family
Property / Structure Info
  • Building Status: Proposed
  • Asset Class: Land/Unimproved, Multi-Family
Unit Information
Unit 1
  • Unit Type Units Total: 12
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,942
  • Unit Type Total Rent: $35,300
  • Unit Type Pro Forma: 2997
  • Unit Type Type: 1
Unit Information
  • Number Of Buildings: 1

Property History for 316 East 31st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 316 East 31st Street

Taxable ValueLand$205,479Additions$205,479Total$410,958
Tax Record2023$5,390 ($449 / month)
Home Facts
Beds3Total Finished SqFt901 SqFtAbove Grade Finished SqFt901 SqFtLot Size8,514 SqFtStyleSingle Family ResidenceYear Built1947ZoningR-4:MULTIPLECountySAN DIEGOAPN562-252-05-00

Schools near 316 East 31st Street

This home is within National Elementary School District.
Rating
School
Type
Grades
Distance
Olivewood School
Public - K to 6
National City Middle School
Public - 7 to 8
Sweetwater High School
Public - 9 to 12
Hawking S.T.E.A.M. Charter
Charter - K to 12
Rating
School
Distance
Olivewood School
PublicK to 6

National City Middle School
Public7 to 8

Sweetwater High School
Public9 to 12

Hawking S.T.E.A.M. Charter
CharterK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 316 East 31st Street, National City, CA 91950

316 East 31st Street is a multi-family home for sale in National City, CA 91950. This property was listed for sale on September 2, 2024 by Top Gun CRE, it's currently listed at $1,200,000. It has been on the market for a total of 106 days and was last sold on September 11, 2020. This listing's school districts are National Elementary School District, Sweetwater Union High School District. Nearby schools include Olivewood School, National City Middle School and Sweetwater High School. 316 East 31st Street is a 0-bed, 0-bath, 12,351 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Top Gun CRE, Max Delbecq, DRE #01964069; Top Gun CRE, Kenneth Herskind, DRE #01872460

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