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$ 3,599,999
Est. payment | /mo
0.44 Acres Lot
$ 3,599,999
Est. payment | /mo
0.44 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPV21227687
HOA Y/N No
Lot Size 0.438 Acres
Acres 0.44
Property Sub-Type Unimproved Land
Property Description
39 Unit AFFORDABLE HOUSING APARTMENT SITE.... 8 - 3 BEDROOM 2 BATH, 24 - 2 BD. 1 3/4 BA, 7 - 1 BEDROOM 1 BATH .. PLANS CURRENTLY IN PLAN CHECK ......NO PUBLIC HEARINGS OR CONDITIONAL USE PERMITS NECESSARY.......QUICK APPROVAL POSSIBLE.... 27 CAR SUBTERRANEAN PARKING GARAGE ( VENTED NATURALLY )..... 2 CONTIGUOUS LOTS INCLUDED. ( APN'S 7411-005-017 & 7411-005-018)...POTENTIAL PANORAMIC VIEWS FROM 3RD ( TOP ) FLOOR .. ONE OF THE LAST SOUTH BAY MODERATE SIZE PROJECT SITES .. **** ACTURAL CITY ADMINISTRATIVE APPROVAL FOR 52 UNITS ( 4 Floors above Parking Garage ) **** INDIVIDUAL WATER, GAS AND ELECTRIC METERS... PROJECTED ANNUAL GROSS INCOME - $ 1,200,000+ .... APPROX 6.1 CAP ..... ( Depending on Actual Rental Income )
Location
State CA
County Los Angeles
Area Listing
Zoning 54 U
Interior
Fireplace No
Exterior
View Y/N true
View Other
Building
Lot Description Corner Lot
New Construction No
Others
Tax ID 7411005017
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Listed by Teresa Schweyer • Prime Properties
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Patrick Nagel
REALTOR® | Lic# 1760790