316 East 31st Street
$1,200,000
8,700 / 0.20
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.
- Listed by Max Delbecq • DRE #01964069 • Brokerage DRE #02059064 • Top Gun CRE • maxd@topguncre.com
- Listed by Kenneth Herskind • DRE #01872460 • Brokerage DRE #02059064 • Top Gun CRE
Property Details for 316 East 31st Street
View
Neighborhood
Parking Spaces Total0
Lot Size SourceSurvey
Assessor Parcel Number562-252-05-00
New ConstructionYes
PoolNo
ViewYes
AssociationNo
LISTING UPDATED: 09/04/2024 04:56 AM
Property Details for 316 East 31st Street
Status | Active |
---|---|
MLS # | PTP2405313 |
Days on Market | 115 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Lot/Land |
Year Built | - |
Lot Size | 0.20 AC |
County | San Diego County |
Building Information for 316 East 31st Street
Lot Size0.20 AC
Property Information for 316 East 31st Street
Property History for 316 East 31st Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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