1540 8Th StNational City, CA 91950

Property Details for 1540 8Th St

Lot size

0.46 AC

Zone code

COMMERCIAL

Property type

Land

Property subtype

Commercial land

APN

557-180-09-00

APU

5571800900

Description

This exceptional 0.62-acre development site in National City, California, presents a unique opportunity to build a 71-unit podium multifamily complex. Located at 1540 E 8th St, this property boasts a prime location just two blocks from Interstate 805, offering unparalleled connectivity to the entire San Diego Metropolitan Statistical Area (MSA). The site is zoned Major Mixed-Use Corridor (MXC-2), allowing for a high-density development. National City's vibrant community atmosphere, combined with its proximity (five miles) to downtown San Diego, provides future residents with a desirable blend of urban convenience and suburban tranquility. The planned 71-unit development leverages the Affordable Housing Density Bonus, maximizing the site's potential. This presents a compelling investment opportunity to capitalize on San Diego's growing demand for rental housing in a currently supply-constrained market. The property's APN is 557-180-09, 557-180-11. This is a truly remarkable chance to contribute to the thriving National City landscape while achieving significant returns. The site's latitude and longitude coordinates are 32.68029995074325 and -117.09088632371845 respectively, and the zip code is 91950.

• Alternative Use

  Use

  Valuation

  Residential

  $4,812,272

  Hospitality

  $4,408,016

  Educational

  $3,667,418

  Medical

  $3,793,546

  Retail

  $5,704,872

Location Insight

City

National City

County

San Diego

State

California

Latitude

32.68

Longitude

-117.091

CBSA code

41740

CBSA name

SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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