4 units under $1m! Attention Investors, owner-users, business owners or developers! Rare opportunity to own two residential and two commercial units in the heart of National City's busiest commercial corridor. Huge upside potential and great street frontage in an opportunity zone. This value add property is located on a large lot with flexible Mixed-Use Zoning. Tear it down and build up to 11 residential units and a restaurant/shop, or flip existing structures. Residential units - 1 - 2Bed/1Bath house, and 1 - Studio. Commercial units - 2 street frontage spaces, including a successful hair salon. Be a part of South Bay's booming growth and thriving community, while taking advantage of opportunity zones before they expire. 90 walk score!
4 units under $1m! Attention Investors, owner-users, business owners or developers! Rare opportunity to own two residential and two commercial units in the heart of National City's busiest commercial corridor. Huge upside potential and great street frontage in an opportunity zone. This value add property is located on a large lot with flexible Mixed-Use Zoning. Tear it down and build up to 11 residential units and a restaurant/shop, or flip existing structures. Residential units - 1 - 2Bed/1Bath house, and 1 - Studio. Commercial units - 2 street frontage spaces, including a successful hair salon. Be a part of South Bay's booming growth and thriving community, while taking advantage of opportunity zones before they expire. 90 walk score!
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.
Well-established Chinese restaurant business in prime location in downtown National City almost 40 years. Listing agent has executed exclusive sales listing agreement with restaurant owners for extended period of time. The current establishment is 1,800 sqft which consists of a large dining hall, kitchen and bathroom. Restaurant has 41 liquor license. The property have abundant outdoor guest parking spaces on-site and on the street. Licenses, equipment and lease included in the business sale. Quiet neighborhood with lots of residential properties. Strategic and convenient location close to Ramada Inn and I5 exit, San Diego international airport, public transportations and freeways. Current lease is month to month at $5,500 with landlord. Landlord has exclusive agreement with listing agent for the future new lease with prospective buyers. Buyer can keep the same concept or convert to any type of business. Seller is motivated to sell quick, so any offer is welcome! Please feel free to contact the LA for more information.
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.
Investment Potential: The property is zoned MCR-2 Multi-Use Commercial-Residential (45 du/ac max) to allow the addition of up to 3 more units on top of the RETAIL building, offering significant expansion opportunities. Unit 1329: Recently remodeled in 2020, this unit is currently generating $2,350 per month. The tenants have been there for 6 months and are on a month-to-month lease. Unit 1333: A long-term tenant has enjoyed this unit for over 17 years. This Section 8 tenant pays approximately $1,700 per month. Commercial Building: The front commercial space has a reliable tenant who has been in place for over 5 years, paying $2,000 per month. He is in month to month and willing to increase the rent Located on one of the busiest streets in San Diego County, this property offers a fantastic mix of residential income and commercial potential. Situated across from Walmart, the residential units are set back from the street, providing a peaceful environment. Donâ??t miss out on this versatile property with great rental income and future development potential! Verify all information before Close of Escrow (COE).
Retail center located on the busiest street in National City. Three retail units mainly consisting of long term tenants. Plenty of parking for customers and close access to the freeway. Great investment property.
Retail center located on the busiest street in National City. Three retail units mainly consisting of long term tenants. Plenty of parking for customers and close access to the freeway. Great investment property.
2 commercial buildings zoned for commercial use. Potential car dealership, auto repair, or brewery, restaurant or commercial redevelopment. Long term potential for a mixed use development. Highly visible site on National City Blvd with ample parking.
2 commercial buildings zoned for commercial use. Potential car dealership, auto repair, or brewery, restaurant or commercial redevelopment. Long term potential for a mixed use development. Highly visible site on National City Blvd with ample parking.
Investors this parcel is zoned Residential Commercial, Build Condo's or an apartment complex! Or Own your own Business, Automotive repair, and a California Smog shop! Seller will carry back with 25% down payment! This wonderful property is located right off the Mile of Cars, and next door to a car lot. owner gets alot of business from the local car dealers needing to get smog service! Seller has a well established long term business. Property features a large waiting room and separate office. The large garage area has room for many vehicles in the automotive repair area. A Must See! This property can be used as Commercial Residential or as a business. Investors Build Condos or a apartment complex!
Investors this parcel is zoned Residential Commercial, Build Condo's or an apartment complex! Or Own your own Business, Automotive repair, and a California Smog shop! Seller will carry back with 25% down payment! This wonderful property is located right off the Mile of Cars, and next door to a car lot. owner gets alot of business from the local car dealers needing to get smog service! Seller has a well established long term business. Property features a large waiting room and separate office. The large garage area has room for many vehicles in the automotive repair area. A Must See!
Excellent Investment Opportunity! 6% CAP Rate on this property. One block away from Highland Avenue. This property has two retail units, each at 700 square feet. The restaurant space rent has already been increased to market rate and the beauty salon is now available for an owner/user or the ability to rent it at the same as the restaurant space now. Tenants pay all their own utilities. Landlord pays taxes and insurance only.
Excellent Investment Opportunity! 6% CAP Rate on this property. One block away from Highland Avenue. This property has two retail units, each at 700 square feet. The restaurant space rent has already been increased to market rate and the beauty salon is now available for an owner/user or the ability to rent it at the same as the restaurant space now. Tenants pay all their own utilities. Landlord pays taxes and insurance only.
Prime Investment opportunity for National City. Mix of 4 apartment homes , 2 Bed, 1 ba in front building and detached home 3 Bed, 2 ba. in middle and plans for ADU in the back for value add. Inquire for more info. On-site laundry room w/rev share. Interiors refreshed approx. a year and a half ago.
Prime Investment opportunity for National City. Mix of 4 apartment homes , 2 Bed, 1 ba in front building and detached home 3 Bed, 2 ba. in middle and plans for ADU in the back for value add. Inquire for more info. On-site laundry room w/rev share. Interiors refreshed approx. a year and a half ago.
GREAT OPPORTUNITY TO LIVE IN HOME AND RENT OTHER 2 UNITS TO PAY FOR HALF OF MORTGAGE. Prime Multi-Use Investment with Growth Potential: Invest in San Diego's promise with this unique 3-unit property offering diverse revenue streams and untapped income potential. Featuring just under 2000 sq. ft. of space on a 5,000+ sq. ft. lot, the property includes two commercial units, a barbershop and a bike shop along with a 1-bedroom house in the back. A potential additional room with a full bath is available in a converted garage. Key Highlights: Stable Income: 4 long-term tenants with virtually no monthly upkeep. Revenue Growth: Rents haven't been raised in over 5 years, suggesting they're below market value. Location & Parking: Prime location with 15-min street parking, ideal for customer visits to the commercial units. Flexibility: Ideal for both pure investment strategies or a live-work environment. Tax Benefits: Potential tax advantages could further enhance ROI. Don't miss this limited opportunity to invest in a versatile San Diego property with both stable income and significant growth potential.
The median home value in National City, CA is $725,000. This is lower than the county median home value of $846,300. The national median home value is $338,100. The average price of homes sold in National City, CA is $725,000. Approximately 30.81% of National City homes are owned, compared to 63.51% rented, while 5.68% are vacant. National City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a National City real estate agent to arrange a tour today!
National City, California has a population of 56,846. National City is less family-centric than the surrounding county with 30.31% of the households containing married families with children. The county average for households married with children is 33.76%.
The median household income in National City, California is $51,735. The median household income for the surrounding county is $88,240 compared to the national median of $69,021. The median age of people living in National City is 36.8 years.
The average high temperature in July is 76.1 degrees, with an average low temperature in January of 48.5 degrees. The average rainfall is approximately 9.9 inches per year, with 0 inches of snow per year.