For Sale
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Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
COMMERCIAL · National City, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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