Property profile

1540 E 8Th St E National City, CA 91950

FOR SALE
Commercial land
Property ID
US09-9661655
0.46 ac lot
Entity Owned 18-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.62-acre development site in National City, California, presents a unique opportunity to build a 71-unit podium multifamily complex. Located at 1540 E 8th St, this property boasts a prime location just two blocks from Interstate 805, offering unparalleled connectivity to the entire San Diego Metropolitan Statistical Area (MSA). The site is zoned Major Mixed-Use Corridor (MXC-2), allowing for a high-density development. National City's vibrant community atmosphere, combined with its proximity (five miles) to downtown San Diego, provides future residents with a desirable blend of urban convenience and suburban tranquility. The planned 71-unit development leverages the Affordable Housing Density Bonus, maximizing the site's potential. This presents a compelling investment opportunity to capitalize on San Diego's growing demand for rental housing in a currently supply-constrained market. The property's APN is 557-180-09, 557-180-11. This is a truly remarkable chance to contribute to the thriving National City landscape while achieving significant returns. The site's latitude and longitude coordinates are 32.68029995074325 and -117.09088632371845 respectively, and the zip code is 91950.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.46 ac (20,057 SF)
Zoning code COMMERCIAL
APN 557-180-09-00
UPID US09-9661655

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1540 E 8Th St E National City, CA 91950
National City metro Census 11700 SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$300k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

since 2008
7 recorded transactions
2023
Price N/A
2009
Price N/A
2008
Price N/A
2000
$385,000
1997
Price N/A
1990
$385,000
1969
Price N/A

Zoning & alternative use

COMMERCIAL · National City, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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