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1340 E 8th St - 8th & N 1 Unité Immeuble d’habitation offert à 1 120 840 $ CAD National City, CA 91950
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Faits saillants de l'investissement
- Expanded Lot Size – 8,891 SF corner lot
- Major Mixed Use Zoning – MXC-2 designation permits single family, multifamily, and mixed residential/commercial development by right
- Flexible Investment Positioning – Suited for income hold, rent growth, ground up redevelopment, or assemblage with neighboring parcels
- 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
- Transit Oriented Location – Near the 8th Street Trolley Station, within an active public infrastructure investment corridor
- Immediate Income – In place rent of $1,760/mo against an estimated market rent of $2,400/mo, roughly 36.4% upside
Résumé de l'annonce
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.
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.
Faits sur la propriété
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 2+1 | 1 | - | 1 072 |
1 1
Moyennement accessible à pied
60/100
Exceptionnellement adapté aux voitures
90/100
Transports en commun relativement accessibles
40/100
Plutôt accessible en vélo
50/100
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1340 E 8th St - 8th & N
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