316 East 31st Street

National City, CA 91950

$1,200,000
Price
8,700 / 0.20
Lot Size / Acres

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

View
Neighborhood
Parking Spaces Total
0
Lot Size Source
Survey
Assessor Parcel Number
562-252-05-00
New Construction
Yes
Pool
No
View
Yes
Association
No
LISTING UPDATED: 09/04/2024 04:56 AM

Property Details for 316 East 31st Street

StatusActive
MLS #PTP2405313
Days on Market79
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size0.20 AC
CountySan Diego County

Building Information for 316 East 31st Street

Lot Size0.20 AC

Property Information for 316 East 31st Street

Community / Development
Community / Development
  • Assessments YN: No
  • Community Features: Curbs, Sidewalks, Urban, Fishing, Park
Property / Structure Info
Exterior Features
  • Fence: No
  • Miscellaneous: Value in Land
Distance To
  • Distance To Water: Buyer to verify
Land/Lot Info
  • Zoning Description: MXC-2 Zoned for up to 17 multifamily units
  • Lot Features: Sloped Down, Gentle Sloping, Lot 6500-9999, Rectangular Lot, Near Public Transit, Park Nearby, Tear Down, Treed Lot, Value In Land
  • Land Lease: No
  • Land Lease Type: Fee
Parking Info
  • Carport Spaces: 0

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
Public - K to 6
Public - 7 to 8
Public - 9 to 12
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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316 East 31st Street is a 0.20 ac of land for sale in National City, CA 91950. This property was listed for sale on September 1, 2024 by Top Gun CRE, it's currently listed at $1,200,000. It has been on the market for a total of 79 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, 0.20 ac of land on a 8,700 sq. ft. / 0.20 acres lot.

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

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