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Template Seven
phil+t7@lofty.com$ 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 Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PV21227687
Lot Size 0.438 Acres
Property Sub-Type Lots/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
Direction BETWEEN WESTERN AND VERMONT Cross Streets: BELLPORTE AVE
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 7411005017
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Teresa Schweyer, DRE#01471535 Prime Properties
Garret King is a seasoned real estate broker with more than forty years of experience and a reputation rooted in honesty, hard work, and true old-school professionalism. Known for his firm handshake, sharp instincts, and deep understanding of local markets, Garret has helped countless families buy and sell homes with confidence and clarity.
YOUR AGENT