1340 E 8th St - Multi-Family FOR SALE


National City, CA 91950
$800,000 USD
619-623-2132
1340 E 8th St, National City, CA for Sale
$800,000 USD
Multi-Family - FOR SALE
1/7
null | Request Cap Rate

1340 E 8th St
National City, CA 91950


HIGHLIGHTS

  • Expanded Lot Size – 8,891 SF corner lot
  • Significant Redevelopment Potential – Max building height of 65 feet, up to 5 stories, max density of 75 dwelling units per acre, and max FAR of 3.5 f
  • Major Mixed Use Zoning – MXC-2 designation permits single family, multifamily, and mixed residential/commercial development by right
  • Transit Oriented Location – Near the 8th Street Trolley Station, within an active public infrastructure investment corridor
  • Flexible Investment Positioning – Suited for income hold, rent growth, ground up redevelopment, or assemblage with neighboring parcels
  • Immediate Income – In place rent of $1,760/mo against an estimated market rent of $2,400/mo, roughly 36.4% upside

OVERVIEW

Tenant occupied single family residence on a sizeable 8,891 SF corner lot in National City. The property is improved with a 1,072 SF, 2BR/1BA home built in 1946, plus a detached garage, currently generating $1,760/mo in rent against an estimated market rent of $2,400/mo, roughly 36.4% upside. The standout feature is the Assessor's MXC-2, Major Mixed Use Corridor zoning designation, which permits single family, multifamily, and mixed residential/commercial development by right, with a max building height of 65 feet, up to 5 stories, max density of 75 dwelling units per acre, and max FAR of 3.5 for mixed use. Zero minimum street setback supports a walkable, urban street front design. The property sits along the 8th Street corridor near the 8th Street Trolley Station, which is the subject of an active public infrastructure investment, including undergrounded utilities, sewer main replacement, and pedestrian and streetscape upgrades, positioning the corridor for continued transit oriented growth. This offers an investor flexible positioning, whether holding for in place income, capturing rent growth, or pursuing redevelopment or assemblage given the zoning and lot size. List price of $800,000. Reach out to listing agent for OM.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$746 USD /SF

# OF UNITS

1

PRICE/UNIT

$800,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8th & N

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,891 SF

ZONING

MXC-2

APN/PARCEL ID

557-172-04-00

ASK ABOUT THIS PROPERTY

Ivan Del Muro-GarciaLee & AssociatesMore Info
619-623-2132

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Ivan Del Muro-GarciaLee & AssociatesMore Info
619-623-2132

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.