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702 R Ave
South Bay National City 91950

$5,495,000 /473000.0
Com-Res Income 35,283 sq. ft. built: 1977

Main Photo: Property for sale: 702 R Ave in National City
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Status:
Active
Prop. Type:
Com-Res Income
MLS® Num:
240022023
Year Built:
1977
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.
Price Per Unit:
473000.0
Total Floor Area:
35,283 sq. ft.
Lot Size:
0.81 acre(s)
Lot Size Commercial:
.5 through .75 Acres
County:
San Diego
Market Area:
South Bay
Number of Buildings:
1
Number of Units:
12
Stories:
1 Story
Num Stories:
1
Unit Type:
Other/Remarks
Year Built:
1977
Flood Zone:
Hazard Unknown
Geological Hazard Zone:
Hazard Unknown
Gross Multiplier:
0.0
Gross scheduled income:
0.0
Operating expense:
0
Gross equity:
0
Motive / Want:
0
Financial Information Source:
Owner
Existing Financing:
Conventional
Short Sale:
No
Listing Type:
Exclusive Right (R)
Complex Features:
N/K
Exterior Finish:
Part Fenced, Part Landscaped
Special:
None
Parking:
Spaces
Number of Carports:
18
Total Parking Spaces:
18
Cooling:
Wall/Window
Heating:
Wall/Gravity
Laundry:
Owned
Construction Material:
Drywall, Stucco
Roof:
Composition
Floor finish:
Vinyl
Terms:
Cash, Cash to Existing Loan, Cash to New Loan
Number of Units with Dishwashers:
0
Number of Units with Disposals:
12
Number of Units with Drapes:
0
Number of Units with Garages:
0
Number of Units with Range/Oven:
12
Number of Units with Refrigerators:
12
Zoning:
R-4:MULTIP
Parcel Number:
557-120-40-00
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Listed by Bluxen, Inc.
Data was last updated October 16, 2024 at 01:10 AM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$3,200,000
Min list price:
$999,000
Max list price:
$10,500,000
Avg days on market:
57
Min days on market:
1
Max days on market:
350
Avg price per sq.ft.:
$266.67
These statistics are generated based on the current listing's property type and located in South Bay. Average values are derived using median calculations.
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego Multiple Listing Service, Inc.