930 B Avenue, National City, CA 91950 – CRPTP2504689

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

Listed by Maxwell Brown • Commercial Asset Advisors

$6,345,000

Est. payment - /mo

19,122 SqFt

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 19,122 sqft

Price per Sqft $331

MLS Listing ID CRPTP2504689

HOA Y/N No

Year Built 1971

Lot Size 0.530 Acres

Property Sub-Type Other

Source Datashare California Regional

Property Description

930 B Ave National City, "The French Quarters" presents the opportunity to acquire a rarely traded 27 unit garden style asset located in National Cityâ€™s most desirable corridor. The property is located one parcel away from the Historical Landmarks of Brick Row & Heritage Square and within a 3 minute walk of all the activity Kimball Park, E 8th St, and National City Blvd have to offer. The asset possesses both attractive immediate value-add potential on the existing 27 units and significant development potential. The parcel consists of 23,086 SF within the Downtown Specific Plan allowing for 3:1 & 4:1 FAR ratios of multifamily development. 930 B Ave consists of 25 registered units and 2 unregistered units. The unit mix contains (10) 1 Bed / 1 Bath units, (10) 2 Bed / 1 Bath units, (5) 2 Bed / 2 Bath units, and the (2) unregistered studio units converted out of existing non-living square footage. The property possesses an oversized unit average of 765 SF with a huge 5,549 SF of additional existing non-living square footage comprised of 23 garages, 4 storage rooms, the 2 unregistered studio units, and an on-site laundry facility. An investor can pursue a lower intensity value-add play or an all-out full rebuild including major infrastructure systems at a forecasted 8.13% proforma

Location

State CA

County San Diego

Interior

Fireplace No

Laundry Other

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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930 B Avenue National City, CA 91950

Sean Beattie Jr.

Key Details

Location

Interior

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