702 R Ave

National City, CA, 91950

$5,500,000

$5,500,000
Active
Active
 - For Sale
beds
2 Beds
property_type
Other
Please see attached appraisal report!!! 12 one story townhome style units with a permit in process to build 8 more units makes this investment property so unique in this market! Excellent opportunity to plant a flag in this fast growing town with ample demand for housing solutions. The garden-style community sits on 35,283 square feet of land and is composed of one L shaped building. Another positive point is when you start the 8 new units, you don't have to ask your exciting tenants to leave to start the construction! Residents are accommodated with ample parking, and the community is highly walkable via an adjacent retail facility featuring a Supermarket, a coffee shop, multiple salons, Within a five-minute drive, families and professionals will enjoy the unmatched proximity to other amenity hubs with multiple parks, shopping centers, and Downtown Abilene. 702 R Ave offers the perfect opportunity with high cap rate to capitalize on this burgeoning market.
MLS® ID:
230004273
Listed:
3/5/23
Updated:
4/1/23

Interior Features

Total Bedrooms
2
Total Bathrooms
0
Laundry Description
Owned
Floor Description
Concrete, Other, Tile, Vinyl
Cooling
Other
Heating
Other/Remarks

Exterior/Building Features

Lot Size
0.81 acres lot
Exterior Features
None
Roof
Composition

Other Property Details

Area Name
South Bay
Association Amenities
BBQ
Garage
No
Parking
Spaces
View
N
County
San Diego
Pool
No
Total Stories
1
Zoning
R-4:MULTIP
Buyer Agency Compensation
2.5

Property History

Date
Event
Price
Value
3/6/23
Price Change
$5,500,000
100000%

Courtesy of Bluxen, Inc, Farid Khayamian,
Listing Contact: 858-922-4845 

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Data last updated 8:51 PM UTC, 4/1/23

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