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1340 E 8th St
National City, CA 91950

$800,000 USD

Multifamily For Sale  •  1,072 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 1,072 SF
  • Lot Size 0.2 AC
  • Year Built 1946
  • Zoning MXC-2
40 Transit Score
60 Walk Score

Highlights

Expanded Lot Size – 8,891 SF corner lot
Significant Redevelopment Potential – Max building height of 65 feet, up to 5 stories, max density of 75 dwelling units per acre, and max FAR of 3.5 f
Major Mixed Use Zoning – MXC-2 designation permits single family, multifamily, and mixed residential/commercial development by right
Transit Oriented Location – Near the 8th Street Trolley Station, within an active public infrastructure investment corridor
Flexible Investment Positioning – Suited for income hold, rent growth, ground up redevelopment, or assemblage with neighboring parcels
Immediate Income – In place rent of $1,760/mo against an estimated market rent of $2,400/mo, roughly 36.4% upside

Public Transportation

Commuter RailDriveWalkDistance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze)) 11 min - 6.5 mi
11 min - 6.6 mi
AirportDriveWalkDistance
San Diego International 13 min - 8.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: OneCarGarage
Included in Rent: Yes
Ivan Del Muro-Garcia 619-623-2132 Lee & Associates
Ivan Del Muro-Garcia 619-623-2132 Lee & Associates