702 R Ave - Apartments FOR SALE


National City, CA 91950
$4,998,000 USD
858-535-0000
702 R Ave, National City, CA for Sale
$4,998,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

702 R Ave
National City, CA 91950


OVERVIEW

Please review the appraisal report. The property consists of 12 one-story townhome-style units that have undergone a complete renovation, including a reinforced foundation with rebars and concrete, The new roof boasts over 24 new flat ventilation vents, ensuring optimal air circulation within the structure. brand new vinyl flooring throughout, and new kitchens equipped with high-end appliances such as island hood fans and side-by-side fridges with ice makers and water dispensers. Furthermore, all master bedrooms now feature spacious walk-in closets. A permit was in process to build 8 more units, but with the new "California Density Bonus" (See attached), this lot is now eligible to build more than 65 units, subject to approval by the city of National City. Our architect, based on the meeting with the City of National City and all their regulations and Floor area ratio (FAR), created a future plan, which is attached to all pictures.

FOR SALE DETAILS

PRICE

$4,998,000 USD

PRICE/SF

$456 USD /SF

# OF UNITS

12

PRICE/UNIT

$416,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

R-4

APN/PARCEL ID

557-120-40

ASK ABOUT THIS PROPERTY

Farid KhayamianBluxen Real EstateMore Info
858-535-0000

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Farid KhayamianBluxen Real EstateMore Info
858-535-0000

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