858-205-7939
200 E 31st St, National City, CA for Sale
Apartments - FOR SALE
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200 E 31st St
National City, CA 91950


HIGHLIGHTS

  • Exceptional construction, thoughtful design, and elevated style. Green Globes Certified.
  • Achieving 4.4% ($101/u) rent growth during lease-up.
  • The only Class A multifamily asset in National City
  • Chula Vista Bayfront Park will create 4,000 jobs and generate $500 million annually
  • 2-Minute walk Sweetwater High School & 15-Minute Drive to Downtown San Diego
  • San Diego’s top employment hubs within 20+ minutes from the Property

OVERVIEW

Walker & Dunlop is pleased to present for sale, The Commodore, a rare 92-unit suburban core multifamily community in South Bay San Diego. Completed in 2024, the property offers high-end finishes, resort-style amenities, and a prime transit-oriented location. This is an exceptionally rare opportunity for an investor to capture 100% market share of all Class A units in National City, and an excellent transit-oriented location, with no competing projects within a 5-mile radius and only three new construction trades in the last 15 years. Since leasing commenced in February 2024, The Commodore has maintained stellar leasing velocity, now 94.6% occupied, with 4.5% rent growth during the lease-up period. Situated at the border of National City and Chula Vista, this property offers easy access to I-5, CA-54, I-805, CA-905, I-15, and CA-163 freeways, as well as the MTS Blue Trolley line, providing convenient transit options to San Diego’s major employment hubs. The location is within a 15-minute drive of Downtown San Diego and 25 minutes from Mission Valley, UTC, Kearny Mesa, and Sorrento Mesa. South Bay San Diego is currently experiencing rapid economic growth, including developments like Chula Vista Bayfront Park, which will create 4,000 jobs and generate $500 million annually. With its prime location, exceptional asset quality, and strong leasing momentum, The Commodore is positioned to be the premier luxury community in South Bay San Diego.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

92

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Commodore

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.48 AC

LAND SF

108,079 SF

ZONING

-

APN/PARCEL ID

562-252-45-00

ASK ABOUT THIS PROPERTY

Hunter CombsHFF, LPMore Info
858-205-7939

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Hunter CombsHFF, LPMore Info
858-205-7939

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.