702 R Ave

National City, CA 91950

PRICE REDUCED

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-$185,000 (-3.26%)

$5,495,000

List Price

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Property Description

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.

Listing Information

List Price $5,495,000
Status Active
MLS 240022023SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size 35,283
Structure Size N/A
DOM 20
Courtesy Of Bluxen, Inc.
Listing Agent Farid Khayamian DRE#01835318

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Farid Khayamian, Bluxen, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 8th, 2024 at 2:48 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.