702 R Ave

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 courtesy of: Farid Khayamian, Bluxen, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of 11/10/2024 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.