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    E 16Th St National City, CA 91950

    For Sale
    $2,400,000

    Multifamily development site in an Opportunity Zone near transit.

    Lot size:
    1.71 Acres

    Property Features for E 16Th St

    General Information

    Lot size
    1.71 Acres

    Source: KW | San Diego Metro Agent Elizabeth Brignon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Development Site in National City

    This multifamily development site is located in National City, approximately 5 miles south of downtown San Diego, and is situated within an Opportunity Zone. The zoning is RM-1 (1 dwelling unit per 1,900 square feet), which allows for 40 units by right and up to 70 units as a Mixed Income Project. The site benefits from its central location near transit and retail, with direct access to the 24th Street Transit Center and the 5, 805, and 54 Freeways. It is within walking distance of National City's revitalized downtown urban core, as well as shops and retail along E Plaza Blvd. The property is also in close proximity to Naval Base San Diego, Coronado Island, San Diego Bayfront, and the Chula Vista Bayfront Redevelopment Project, which is currently underway. A previously approved Tentative Map (TM) has expired.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    National City
    County
    San Diego
    State
    California
    Longitude
    -117.103328
    Latitude
    32.6689

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    FAQs

    What type of property is this?
    Land - Multifamily development site in an Opportunity Zone near transit.
    Where is this land located?
    The property is located at E 16Th St National City, CA.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Opportunity Zone location offers potential tax benefits.; - Zoned RM-1 allowing for multifamily development (40 units by right, up to 70 as Mixed Income Project).; - Excellent access to transportation: direct access to 24th Street Transit Center and Freeways 5, 805, and 54.
    (619) 540-4208
    Request Owner's contact information
    E 16Th St National City, CA 91950
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    National City, CA 91950
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    E 16Th St National City, CA 91950
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