6629 Pine Ave - Multi-Family FOR SALE


Bell, CA 90201
$870,000 USD
310-704-9109
6629 Pine Ave, Bell, CA for Sale
$870,000 USD
Multi-Family - FOR SALE
1/11
null | Request Cap Rate

6629 Pine Ave
Bell, CA 90201


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$870,000 USD

PRICE/SF

$182 USD /SF

# OF UNITS

4

PRICE/UNIT

$217,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Potential 11 Unit 'For Sale' Development

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1921

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,000 SF

ZONING

BLR3YY

APN/PARCEL ID

6325-017-092,6325-017-093

ASK ABOUT THIS PROPERTY

Luis VazquezSPERRYMore Info
310-704-9109

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Luis VazquezSPERRYMore Info
310-704-9109

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