6629 Pine Ave - Potential 11 Unit 'For Sale' Development
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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.
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 | Apartment Style | Low Rise |
Price Per Unit | $217,500 | Lot Size | 0.32 AC |
Sale Type | Investment | Building Size | 4,781 SF |
Sale Conditions | No. Stories | 1 | |
No. Units | 4 | Year Built | 1921 |
Property Type |
Price | $870,000 |
Price Per Unit | $217,500 |
Sale Type | Investment |
Sale Conditions | |
No. Units | 4 |
Property Type | |
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 | - | - |
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Walk Score ®
Walker's Paradise (91)
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.) |
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6629 Pine Ave - Potential 11 Unit 'For Sale' Development
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