Property Detail

Description

Excellent opportunity with this 3-Unit property in the heart of National City in San Diego, on the corner of Civic Center Drive and Harding Avenue. The sale consists of 3 parcels being sold together, for a total of 10,404 sqft (.24 acre), with 3 detached homes - 2 bed, 1 bath, 885 sqft. 2 bed, 1 bath, 919 sqft. 1 bed, 1 bath, 546 sqft. This property is located within the Westside Specific Plan District and is zoned MCR-2, providing significant potential upside through multiple avenues. Zoning would allow for 10 units plus 2 ADUs, with the potential to add low-income units to increase the total unit count. Or redevelop it into commercial space. (Any possible construction viability must be determined strictly by the buyer.) Current tenants are long-term tenants and significantly below market rent. Centrally located near the heart of downtown, it provides easy access to shops, restaurants, City Hall, Kimball Park, and the Public Library. Easy access to Interstate-5 and access to major nearby employment, including multiple shipyards and Navy bases. The San Diego County South Bay is developing rapidly. Notably, the Chula Vista Bayfront Project is less than 3 miles to the South and will include 600,000 square feet of retail and restaurants, 220,000 square feet of mixed-use commercial, 2,800 hotel rooms, and is projected to generate $1.3 billion for the regional economy in its first two decades.