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    1540 8Th St National City, CA 91950

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    For Sale
    Contact for pricing

    71-Unit Multifamily Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    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 Features for 1540 8Th St

    General Information

    Property type
    Land
    Lot Size
    27,007 SF

    HighLights

    • 0.62‑acre multifamily development site.
    • Five miles from Downtown San Diego.
    • 71‑unit podium multifamily project planned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    National City
    County
    San Diego
    State
    California
    Longitude
    -117.09088632372
    Latitude
    32.680299950743

    Nearby Comparable

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    Nearby Similar for Sale

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      Updated Four-Unit Multifamily Property

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      National City Retail Center For Sale

      Seven-unit retail center remodeled in 2019, high-traffic location.
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    FAQs

    What type of property is this?
    Land - 71-Unit Multifamily Opportunity
    Where is this land located?
    The property is located at 1540 8Th St National City, CA.
    What are key features of this property?
    This property features: 0.62-acre multifamily development site.; Five miles from Downtown San Diego.; 71-unit podium multifamily project planned.
    Request Owner's contact information
    1540 8Th 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
    1540 8Th St National City, CA 91950
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