Presenting 14 Units in National City
Masterfully designed, projected to break ground on November 1st. Be first to the party with this beautiful infill project in the Opportunity Zone.
Platform
Project Details
This new modern project is located in a great up and coming location. The owner designed this building, jumped through all the red tape, performed all the necessary studies, and has done all the heavy lifting for you. Currently the plans are in second revision, and should be ready to pull permits and begin construction by July 1st. As the owner and architect, he will guide you to completion and manage the project as it progresses. This 6,271 sqft lot will be comprised of 14 Studios & 1 Bedroom units (2 of which are affordable), for a total living area of 8329 sqft.
Amazing Location
Situated minutes from the 32nd Street Naval Station, Downtown, Petco Park, North Island Naval Air Station, and Coronado. Highly desirable rental location with easy access to 5, 15, and 54 Freeways. Tenant's love being a short Uber ride from all the excitement, without having to pay the premium rental price of North Park or Downtown. Convenient location for military personnel, so close they can walk to work. Short commute for renters who work Downtown or on Coronado Island.
A Great Place to Invest Your Cash
Invest realized capital gains into an Opportunity Zone Fund to defer paying capital gains tax. Pay no capital gains tax on any appreciation in the Opportunity Fund investment, and reduce tax liability on the deferred capital gains by up to 15% if held for 10 years. Consult with your tax professional or CPA to confirm advantages of an investment in the Opportunity Zone. With a projected total cost to build of $3,111,000, it potentially affords you a large tax benefit by purchasing and building this project. Projected gross rents of $253,500 annually, with a projected Net Operating Income of $163,765.
Economical Unit Mix
The best use of the space, here is the breakdown:
- 4 Studios on different levels, 2 of which are affordable units
- 10 One Bedroom Units, projected rents range from $1575-$1675
- An average unit size of 450 sqft.
- 7 Parking Spaces that bring in additional rent
Big Things Are Happening Nearby!
Major Beer and Food Hall Project Planned for National City
Market on 8th gets underway in the South Bay...
Coffee Shop Celebrating Lowrider Culture Rolls into National City
Special items include Mexican-inspired coffee drinks...
Multi-Use Complex and Restaurant Will Rise in National City
It will include an eatery from chef Phillip Esteban...
National City Stats
Get to know this up and coming community that is starving for more projects like this.
61,431
Population
65.2%
Renter Occupied Housing
33
Median Age
26,000+
People Employed at the 32nd Street Naval Station
Floor Plans
Ground Level | 2nd Floor | 3rd Floor
Additional Site Photos
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