This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

6629 Pine Ave - Potential 11 Unit 'For Sale' Development

4 Unit Apartment Building Offered at $870,000 in Bell, CA 90201

Investment Highlights

  • Part 2 of Potential 23 Unit Development (See 6502 Flora - Under Contract)
  • City Desires 'For Sale' Development with 1 to 2 Parking Spaces
  • Can be Purchased with Adjacent 5 - Unit Apartment Building with 2BR/2BA Units and Garages
  • 11 Potential Units on Site
  • Low Density Street with SFR and Low Density Apartments

Executive Summary

Part 2 of a Potential 23 Multi-Family Development, 6629 - 6633 3/4th is a 4 parcel property totaling 0.46 approximate acres.
The property can be purchased separately from Part 1 of the Portfolio (6502 Flora).
The Seller has indicated the preference to see the Property Developed rather than Renovated.
The City has indicated the Density of a Development as 30 Units per Acre plus the State of CA Affordable Housing Bonus.
To Summarize:
City Wants the Redevelopment of the Property(ies).
Potential Total 23-Unit Development Plus Affordable Housing Density Bonus
High Demand Rental Area
High Demand for Permanent Affordable Housing
For Property Showings don't hesitate to contact the Listing Agent - Luis Vazquez at 310-704-9109. Neither the Seller nor the Tenants are to be contacted.

Property Facts

Price $870,000
Price Per Unit $217,500
Sale Type Investment
Sale Conditions
Build to Suit
  • Deferred Maintenance
No. Units 4
Property Type
Multifamily
  • Multifamily Apartments
Apartment Style Low Rise
Lot Size 0.32 AC
Building Size 4,781 SF
No. Stories 1
Year Built 1921

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 4 - -
Walk Score ®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code BLR3YY (Zoning allows for 30 Units per Acre. With Affordable Housing Bonus the potential units on this site is 11 Units.)
BLR3YY (Zoning allows for 30 Units per Acre. With Affordable Housing Bonus the potential units on this site is 11 Units.)
  • Listing ID: 30793282

  • Date on Market: 1/26/2024

  • Last Updated:

  • Address: 6629 Pine Ave, Bell, CA 90201

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}